Cadence Design Systems, Inc (NASDAQ: CDNS) started the day on Thursday, with a price decrease of -4.79% at $276.12, before settling in for the price of $290.00 at the close. Taking a more long-term approach, CDNS posted a 52-week range of $233.51-$328.99.
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The Technology Sector giants’ yearly sales growth during the last 5-year period was 13.90%. Meanwhile, its Annual Earning per share during the time was 25.42%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 15.02%. This publicly-traded company’s shares outstanding now amounts to $271.71 million, simultaneously with a float of $271.21 million. The organization now has a market capitalization sitting at $75.61 billion. At the time of writing, stock’s 50-day Moving Average stood at $267.15, while the 200-day Moving Average is $288.14.
Cadence Design Systems, Inc (CDNS) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Software – Application Industry. Cadence Design Systems, Inc’s current insider ownership accounts for 0.95%, in contrast to 89.40% institutional ownership. According to the most recent insider trade that took place on Oct 15 ’24, this organization’s Director sold 1,500 shares at the rate of 283.66, making the entire transaction reach 425,490 in total value, affecting insider ownership by 42,051.
Cadence Design Systems, Inc (CDNS) Earnings and Revenue Records
Cadence Design Systems, Inc’s EPS increase for this current 12-month fiscal period is 15.02% and is forecasted to reach 6.83 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 16.00% through the next 5 years, which can be compared against the 25.42% growth it accomplished over the previous five years trading on the market.
Cadence Design Systems, Inc (NASDAQ: CDNS) Trading Performance Indicators
Let’s observe the current performance indicators for Cadence Design Systems, Inc (CDNS). It’s Quick Ratio in the last reported quarter now stands at 2.27. The Stock has managed to achieve an average true range (ATR) of 9.57. Alongside those numbers, its PE Ratio stands at $72.61, and its Beta score is 1.02. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 17.37. Similarly, its price to free cash flow for trailing twelve months is now 79.40.
In the same vein, CDNS’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 3.80, a figure that is expected to reach 1.82 in the next quarter, and analysts are predicting that it will be 6.83 at the market close of one year from today.
Technical Analysis of Cadence Design Systems, Inc (CDNS)
If we take a close look at the recent performances of Cadence Design Systems, Inc (NASDAQ: CDNS), its last 5-days Average volume was 3.49 million that shows progress from its year to date volume of 1.77 million. During the previous 9 days, stock’s Stochastic %D was recorded 86.97% While, its Average True Range was 10.56.
Raw Stochastic average of Cadence Design Systems, Inc (CDNS) in the period of the previous 100 days is set at 39.71%, which indicates a major fall in contrast to 67.71% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 61.80% that was higher than 42.38% volatility it exhibited in the past 100-days period.
