Synopsys, Inc (NASDAQ: SNPS) kicked off on Tuesday, up 0.75% from the previous trading day, before settling in for the closing price of $565.93. Over the past 52 weeks, SNPS has traded in a range of $457.52-$629.38.
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Annual sales at Technology sector company grew by 14.96% over the past five years. While this was happening, its average annual earnings per share was recorded 17.25%. With a float of $152.24 million, this company’s outstanding shares have now reached $153.61 million.
Let’s look at the performance matrix of the company that is accounted for 20300 employees. In terms of profitability, gross margin is 79.13%, operating margin of 23.81%, and the pretax margin is 25.82%.
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 0.89%, while institutional ownership is 88.34%. 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 3.17 earnings per share (EPS), higher than consensus estimate (set at 3.03) by 0.14. Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.52 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 17.25% 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 14.06. Likewise, its price to free cash flow for the trailing twelve months is 87.73.
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)
Synopsys, Inc (NASDAQ: SNPS) saw its 5-day average volume 0.73 million, a negative change from its year-to-date volume of 1.05 million. As of the previous 9 days, the stock’s Stochastic %D was 89.80%. Additionally, its Average True Range was 14.97.
During the past 100 days, Synopsys, Inc’s (SNPS) raw stochastic average was set at 68.82%, which indicates a significant decrease from 98.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.66% in the past 14 days, which was lower than the 41.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $527.49, while its 200-day Moving Average is $549.34. Nevertheless, the first resistance level for the watch stands at $574.25 in the near term. At $578.31, the stock is likely to face the second major resistance level. The third major resistance level sits at $585.83. If the price goes on to break the first support level at $562.67, it is likely to go to the next support level at $555.15. The third support level lies at $551.09 if the price breaches the second support level.
Synopsys, Inc (NASDAQ: SNPS) Key Stats
The company with the Market Capitalisation of 87.59 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.
