The closing price of Synopsys Inc. (NASDAQ: SNPS) was $350.33 for the day, up 2.31% from the previous closing price of $342.42. In other words, the price has increased by $+7.91 from its previous closing price. On the day, 661688 shares were traded. SNPS stock price reached its highest trading level at $352.09 during the session, while it also had its lowest trading level at $341.69.
Our analysis of SNPS’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 33.00 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 32.24. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
On September 29, 2022, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $420.Deutsche Bank initiated its Buy rating on September 29, 2022, with a $420 target price.
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jan 09 when Ghazi Sassine sold 29,136 shares for $329.93 per share. The transaction valued at 9,612,846 led to the insider holds 52,609 shares of the business.
Ghazi Sassine sold 29,136 shares of SNPS for $9,307,708 on Jan 03. The President and COO now owns 52,609 shares after completing the transaction at $319.46 per share. On Dec 02, another insider, RUNKEL JOHN F JR, who serves as the GC & Corporate Secretary of the company, sold 3,465 shares for $348.97 each. As a result, the insider received 1,209,181 and left with 22,675 shares of the company.
As of this moment, Synopsys’s Price-to-Earnings (P/E) ratio for their current fiscal year is 55.67, and their Forward P/E ratio for the next fiscal year is 29.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.17 while its Price-to-Book (P/B) ratio in mrq is 9.70.
Stock Price History:
Over the past 52 weeks, SNPS has reached a high of $391.17, while it has fallen to a 52-week low of $255.02. The 50-Day Moving Average of the stock is 328.45, while the 200-Day Moving Average is calculated to be 318.58.
SNPS traded an average of 857.15K shares per day over the past three months and 627.64k shares per day over the past ten days. A total of 152.76M shares are outstanding, with a floating share count of 151.48M. Insiders hold about 0.20% of the company’s shares, while institutions hold 92.70% stake in the company. Shares short for SNPS as of Oct 13, 2022 were 2.1M with a Short Ratio of 1.96M, compared to 2.41M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.37% and a Short% of Float of 1.56%.
The firm’s stock currently is rated by 10 analysts. On average, analysts expect EPS of $1.84 for the current quarter, with a high estimate of $1.9 and a low estimate of $1.83, while EPS last year was $1.82. The consensus estimate for the next quarter is $2.32, with high estimates of $2.57 and low estimates of $1.95.
Analysts are recommending an EPS of between $8.99 and $8.81 for the fiscal current year, implying an average EPS of $8.85. EPS for the following year is $10, with 13 analysts recommending between $10.39 and $8.84.
It is expected that $90B in revenue will be generated in the current quarter, according to 10 analysts. It ranges from a high estimate of $1.29B to a low estimate of $1.28B. As of the current estimate, Synopsys Inc.’s year-ago sales were $1.15B, an estimated increase of 11.20% from the year-ago figure.
A total of 13 analysts have provided revenue estimates for SNPS’s current fiscal year. The highest revenue estimate was $5.09B, while the lowest revenue estimate was $5.07B, resulting in an average revenue estimate of $5.08B. In the same quarter a year ago, actual revenue was $4.2B, up 20.80% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $5.67B in the next fiscal year. The high estimate is $5.81B and the low estimate is $5.49B. The average revenue growth estimate for next year is up 11.60% from the average revenue estimate for this year.