A new trading day began on Tuesday, with Cadence Design Systems, Inc (NASDAQ: CDNS) stock price down -0.73% from the previous day of trading, before settling in for the closing price of $312.39. CDNS’s price has ranged from $241.29 to $328.99 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Technology Sector giant saw their annual sales surged by 13.90% over the last five years. Meanwhile, its annual earnings per share averaged 15.01%. With a float of $271.96 million, this company’s outstanding shares have now reached $274.26 million.
The firm has a total of 11200 workers. Let’s measure their productivity. In terms of profitability, gross margin is 89.91%, operating margin of 28.37%, and the pretax margin is 30.35%.
Cadence Design Systems, Inc (CDNS) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Cadence Design Systems, Inc is 0.84%, while institutional ownership is 87.80%. The most recent insider transaction that took place on Nov 22 ’24, was worth 1,785,968. In this transaction Sr. Vice President of this company sold 5,758 shares at a rate of $310.17, taking the stock ownership to the 93,275 shares. Before that another transaction happened on Nov 22 ’24, when Company’s Officer proposed sale 5,758 for $310.17, making the entire transaction worth $1,785,968.
Cadence Design Systems, Inc (CDNS) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 15.01% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.40% during the next five years compared to 25.42% growth over the previous five years of trading.
Cadence Design Systems, Inc (NASDAQ: CDNS) Trading Performance Indicators
Here are Cadence Design Systems, Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.27. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 19.53. Likewise, its price to free cash flow for the trailing twelve months is 89.31.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.80, a number that is poised to hit 1.82 in the next quarter and is forecasted to reach 6.84 in one year’s time.
Technical Analysis of Cadence Design Systems, Inc (CDNS)
Analysing the last 5-days average volume posted by the [Cadence Design Systems, Inc, CDNS], we can find that recorded value of 1.46 million was lower than the volume posted last year of 1.77 million. As of the previous 9 days, the stock’s Stochastic %D was 87.36%. Additionally, its Average True Range was 8.64.
During the past 100 days, Cadence Design Systems, Inc’s (CDNS) raw stochastic average was set at 85.60%, which indicates a significant increase from 78.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.18% in the past 14 days, which was lower than the 42.53% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $280.07, while its 200-day Moving Average is $288.53. Now, the first resistance to watch is $314.51. This is followed by the second major resistance level at $318.91. The third major resistance level sits at $321.46. If the price goes on to break the first support level at $307.56, it is likely to go to the next support level at $305.01. Should the price break the second support level, the third support level stands at $300.61.
Cadence Design Systems, Inc (NASDAQ: CDNS) Key Stats
With a market capitalization of 85.05 billion, the company has a total of 274,263K Shares Outstanding. Currently, annual sales are 4,090 M while annual income is 1,041 M. The company’s previous quarter sales were 1,216 M while its latest quarter income was 238,110 K.
