Synopsys, Inc (NASDAQ: SNPS) on Friday, plunged -5.03% from the previous trading day, before settling in for the closing price of $548.31. Within the past 52 weeks, SNPS’s price has moved between $457.52 and $629.38.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 14.96%. The company achieved an average annual earnings per share of 17.26%. With a float of $152.88 million, this company’s outstanding shares have now reached $153.61 million.
Considering the fact that the conglomerate employs 20300 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 78.46%, operating margin of 23.81%, and the pretax margin is 25.82%.
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 0.48%, while institutional ownership is 88.82%. 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) Earnings and Forecasts
As on 7/31/2024, Multinational firm has announced its last quarter scores, in which it reported 3.17 earnings per share (EPS) for the period topping the consensus outlook (set at 3.03) by 0.14. Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.5 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 17.26% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.55% 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 12.20. Likewise, its price to free cash flow for the trailing twelve months is 76.10.
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 14.91 in one year’s time.
Technical Analysis of Synopsys, Inc (SNPS)
Compared to the last year’s volume of 1.06 million, its volume of 0.74 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 43.65%. Additionally, its Average True Range was 16.28.
During the past 100 days, Synopsys, Inc’s (SNPS) raw stochastic average was set at 37.80%, which indicates a significant increase from 18.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 51.18% in the past 14 days, which was higher than the 41.08% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $514.14, while its 200-day Moving Average is $549.66. Nevertheless, the first resistance level for the watch stands at $535.37 in the near term. At $549.99, the stock is likely to face the second major resistance level. The third major resistance level sits at $557.85. If the price goes on to break the first support level at $512.90, it is likely to go to the next support level at $505.04. Should the price break the second support level, the third support level stands at $490.42.
Synopsys, Inc (NASDAQ: SNPS) Key Stats
Market capitalization of the company is 75.97 billion based on 153,614K 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.
