Synopsys, Inc (SNPS) average volume reaches $1.03M: Is Wall Street expecting a rally?

On Friday, Synopsys, Inc (NASDAQ: SNPS) was 0.39% up from the session before settling in for the closing price of $515.29. A 52-week range for SNPS has been $457.52 – $629.38.

During the last 5-year period, the sales growth of Technology Sector giant was 12.90%. When this article was written, the company’s average yearly earnings per share was at 13.06%. With a float of $152.24 million, this company’s outstanding shares have now reached $154.11 million.

Let’s determine the extent of company efficiency that accounts for 20300 employees. In terms of profitability, gross margin is 78.57%, operating margin of 21.76%, and the pretax margin is 24.28%.

Synopsys, Inc (SNPS) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Synopsys, Inc stocks. 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) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 13.06% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.87% during the next five years compared to 33.28% growth over the previous five years of trading.

Synopsys, Inc (NASDAQ: SNPS) Trading Performance Indicators

You can see what Synopsys, Inc (SNPS) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 2.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 12.73. Likewise, its price to free cash flow for the trailing twelve months is 62.13.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 14.52, a number that is poised to hit 2.79 in the next quarter and is forecasted to reach 17.25 in one year’s time.

Technical Analysis of Synopsys, Inc (SNPS)

Looking closely at Synopsys, Inc (NASDAQ: SNPS), its last 5-days average volume was 2.15 million, which is a jump from its year-to-date volume of 1.07 million. As of the previous 9 days, the stock’s Stochastic %D was 32.68%. Additionally, its Average True Range was 19.40.

During the past 100 days, Synopsys, Inc’s (SNPS) raw stochastic average was set at 43.80%, which indicates a significant increase from 5.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 61.47% in the past 14 days, which was higher than the 45.16% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $529.24, while its 200-day Moving Average is $549.08. However, in the short run, Synopsys, Inc’s stock first resistance to watch stands at $526.16. Second resistance stands at $535.04. The third major resistance level sits at $540.28. If the price goes on to break the first support level at $512.04, it is likely to go to the next support level at $506.80. Should the price break the second support level, the third support level stands at $497.92.

Synopsys, Inc (NASDAQ: SNPS) Key Stats

There are 153,614K outstanding shares of the company, which has a market capitalization of 79.77 billion. As of now, sales total 5,843 M while income totals 1,230 M. Its latest quarter income was 1,526 M while its last quarter net income were 408,060 K.