Synopsys, Inc. (NASDAQ: SNPS) on Friday, soared 0.46% from the previous trading day, before settling in for the closing price of $504.69. Within the past 52 weeks, SNPS’s price has moved between $448.91 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 17.43%. With a float of $152.83 million, this company’s outstanding shares have now reached $153.61 million.
Let’s determine the extent of company efficiency that accounts for 20300 employees. In terms of profitability, gross margin is 78.45%, operating margin of 23.78%, and the pretax margin is 25.83%.
Synopsys, Inc. (SNPS) Breakdown of a Key Holders of the stock
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Synopsys, Inc. is 0.51%, while institutional ownership is 89.38%. The most recent insider transaction that took place on Aug 23 ’24, was worth 5,701,201. In this transaction PRESIDENT AND CEO of this company sold 10,293 shares at a rate of $553.89, taking the stock ownership to the 62,568 shares. Before that another transaction happened on Aug 23 ’24, when Company’s Officer proposed sale 10,293 for $553.89, making the entire transaction worth $5,701,200.
Synopsys, Inc. (SNPS) Recent Fiscal highlights
As on 7/31/2024, Multinational firm has announced its last quarter scores, in which it reported 2.94 earnings per share (EPS) for the period topping the consensus outlook (set at 2.82) by 0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.55 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 17.43% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.71% 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 1.87 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 12.50. Likewise, its price to free cash flow for the trailing twelve months is 78.01.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.64, a number that is poised to hit 3.30 in the next quarter and is forecasted to reach 14.93 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 1.21 million, which is a jump from its year-to-date volume of 1.08 million. As of the previous 9 days, the stock’s Stochastic %D was 21.77%. Additionally, its Average True Range was 15.43.
During the past 100 days, Synopsys, Inc.’s (SNPS) raw stochastic average was set at 29.60%, which indicates a significant increase from 28.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.19% in the past 14 days, which was lower than the 38.22% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $512.12, while its 200-day Moving Average is $548.63. However, in the short run, Synopsys, Inc.’s stock first resistance to watch stands at $514.12. Second resistance stands at $521.22. The third major resistance level sits at $528.75. If the price goes on to break the first support level at $499.49, it is likely to go to the next support level at $491.96. Now, if the price goes above the second support level, the third support stands at $484.86.
Synopsys, Inc. (NASDAQ: SNPS) Key Stats
Market capitalization of the company is 77.88 billion based on 153,216K outstanding shares. Right now, sales total 5,843 M and income totals 1,230 M. The company made 1,526 M in profit during its latest quarter, and 408,060 K in sales during its previous quarter.
