As on Wednesday, Cadence Design Systems, Inc (NASDAQ: CDNS) got off with the flyer as it spiked 2.92% to $306.47, before settling in for the price of $297.77 at the close. Taking a more long-term approach, CDNS posted a 52-week range of $241.29-$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 14.99%. This publicly-traded company’s shares outstanding now amounts to $271.71 million, simultaneously with a float of $270.52 million. The organization now has a market capitalization sitting at $84.05 billion. At the time of writing, stock’s 50-day Moving Average stood at $272.61, while the 200-day Moving Average is $288.33.
Cadence Design Systems, Inc (CDNS) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Software – Application industry. Cadence Design Systems, Inc’s current insider ownership accounts for 1.37%, in contrast to 88.25% institutional ownership. Preceding that transaction, on Nov 01 ’24, Company’s Sr. Vice President sold 650 for 276.00, making the whole transaction’s value amount to 179,400. This particular insider is now the holder of 61,111 in total.
Cadence Design Systems, Inc (CDNS) Earnings and Revenue Records
Cadence Design Systems, Inc’s EPS increase for this current 12-month fiscal period is 14.99% 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 15.52% 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 9.05. Alongside those numbers, its PE Ratio stands at $80.59, 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 19.31. Similarly, its price to free cash flow for trailing twelve months is now 88.27.
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)
Through scrutinizing the latest numbers posted by the [Cadence Design Systems, Inc, CDNS], it can be observed that its last 5-days Average volume of 1.46 million was lower the volume of 1.78 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 82.94% While, its Average True Range was 9.26.
Raw Stochastic average of Cadence Design Systems, Inc (CDNS) in the period of the previous 100 days is set at 80.48%, which indicates a major fall in contrast to 94.00% 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 55.40% that was higher than 41.85% volatility it exhibited in the past 100-days period.
