Synopsys, Inc. (NASDAQ: SNPS) kicked off on Tuesday, up 6.66% from the previous trading day, before settling in for the closing price of $496.18. Over the past 52 weeks, SNPS has traded in a range of $455.00-$629.38.
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A company in the Technology sector has jumped its sales by 13.50% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 17.24%. With a float of $152.83 million, this company’s outstanding shares have now reached $153.61 million.
In an organization with 20300 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 78.45%, operating margin of 23.78%, and the pretax margin is 25.83%.
Synopsys, Inc. (SNPS) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Software – Infrastructure Industry. The insider ownership of Synopsys, Inc. is 0.51%, while institutional ownership is 89.39%. 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) Latest Financial update
In the latest quarterly report, which was put into the public domain on 7/31/2024, the organization reported 2.94 earnings per share (EPS), higher than consensus estimate (set at 2.82) by 0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.53 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 17.24% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.10% during the next five years compared to 22.96% growth over the previous five years of trading.
Synopsys, Inc. (NASDAQ: SNPS) Trading Performance Indicators
Take a look at Synopsys, Inc.’s (SNPS) current performance indicators. Last quarter, stock had a quick ratio of 1.87. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 13.05. Likewise, its price to free cash flow for the trailing twelve months is 81.42.
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 14.89 in one year’s time.
Technical Analysis of Synopsys, Inc. (SNPS)
Let’s dig in a bit further. During the last 5-days, its volume was 0.77 million. That was inferior than the volume of 1.07 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 46.22%. Additionally, its Average True Range was 15.13.
During the past 100 days, Synopsys, Inc.’s (SNPS) raw stochastic average was set at 42.86%, which indicates a significant decrease from 64.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.21% in the past 14 days, which was higher than the 38.65% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $507.38, while its 200-day Moving Average is $548.87. However, in the short run, Synopsys, Inc.’s stock first resistance to watch stands at $537.28. Second resistance stands at $545.34. The third major resistance level sits at $559.31. If the price goes on to break the first support level at $515.25, it is likely to go to the next support level at $501.28. The third support level lies at $493.22 if the price breaches the second support level.
Synopsys, Inc. (NASDAQ: SNPS) Key Stats
The company with the Market Capitalisation of 81.29 billion has total of 153,614K Shares Outstanding. Its annual sales at the moment are 5,843 M in contrast with the sum of 1,230 M annual income. Company’s last quarter sales were recorded 1,526 M and last quarter income was 408,060 K.
