Synopsys, Inc. (NASDAQ: SNPS) on Monday, soared 3.81% from the previous trading day, before settling in for the closing price of $590.21. Within the past 52 weeks, SNPS’s price has moved between $416.87 and $629.38.
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During the last 5-year period, the sales growth of Technology Sector giant was 13.50%. The company achieved an average annual earnings per share of 15.76%. With a float of $152.41 million, this company’s outstanding shares have now reached $153.22 million.
Let’s determine the extent of company efficiency that accounts for 20300 employees.
Synopsys, Inc. (SNPS) Insider Activity
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Synopsys, Inc. is 0.53%, while institutional ownership is 88.35%. The most recent insider transaction that took place on Jun 10 ’24, was worth 530,684. In this transaction GC & Corporate Secretary of this company sold 936 shares at a rate of $566.97, taking the stock ownership to the 20,000 shares. Before that another transaction happened on May 28 ’24, when Company’s Director sold 5,500 for $581.38, making the entire transaction worth $3,197,590. This insider now owns 1,543 shares in total.
Synopsys, Inc. (SNPS) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 15.76% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 16.59% during the next five years compared to 22.96% growth over the previous five years of trading.
Synopsys, Inc. (NASDAQ: SNPS) Trading Performance Indicators
Synopsys, Inc. (SNPS) is currently performing well based on its current performance indicators. A quick ratio of 1.70 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 15.15. Likewise, its price to free cash flow for the trailing twelve months is 85.55.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.19, a number that is poised to hit 3.28 in the next quarter and is forecasted to reach 15.05 in one year’s time.
Technical Analysis of Synopsys, Inc. (SNPS)
Looking closely at Synopsys, Inc. (NASDAQ: SNPS), its last 5-days average volume was 0.75 million, which is a drop from its year-to-date volume of 1.11 million. As of the previous 9 days, the stock’s Stochastic %D was 86.02%. Additionally, its Average True Range was 14.63.
During the past 100 days, Synopsys, Inc.’s (SNPS) raw stochastic average was set at 86.25%, which indicates a significant decrease from 96.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.48% in the past 14 days, which was higher than the 29.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $558.71, while its 200-day Moving Average is $530.92. However, in the short run, Synopsys, Inc.’s stock first resistance to watch stands at $622.59. Second resistance stands at $632.46. The third major resistance level sits at $649.97. If the price goes on to break the first support level at $595.21, it is likely to go to the next support level at $577.70. Should the price break the second support level, the third support level stands at $567.83.
Synopsys, Inc. (NASDAQ: SNPS) Key Stats
Market capitalization of the company is 93.88 billion based on 153,216K outstanding shares. Right now, sales total 5,843 M and income totals 1,230 M. The company made 1,455 M in profit during its latest quarter, and 292,110 K in sales during its previous quarter.
