For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
After finishing at $517.28 in the prior trading day, Synopsys, Inc (NASDAQ: SNPS) closed at $508.49, down -1.70%. In other words, the price has decreased by -$1.70 from its previous closing price. On the day, 1.9 million shares were traded. SNPS stock price reached its highest trading level at $517.7099 during the session, while it also had its lowest trading level at $504.806.
Ratios:
Our goal is to gain a better understanding of SNPS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 61.08. For the most recent quarter (mrq), Quick Ratio is recorded 2.30 and its Current Ratio is at 2.44. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.07.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Wells Fargo on November 22, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $570.
On November 12, 2024, Loop Capital started tracking the stock assigning a Buy rating and target price of $675.
On October 22, 2024, Mizuho started tracking the stock assigning a Outperform rating and target price of $650.Mizuho initiated its Outperform rating on October 22, 2024, with a $650 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 23 ’24 when Ghazi Sassine sold 10,293 shares for $553.89 per share. The transaction valued at 5,701,201 led to the insider holds 62,568 shares of the business.
SASSINE E GHAZI bought 10,293 shares of SNPS for $5,701,200 on Aug 23 ’24. On Jul 15 ’24, another insider, DE GEUS AART, who serves as the EXECUTIVE CHAIR of the company, sold 493 shares for $620.60 each. As a result, the insider received 305,954 and left with 106,983 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SNPS now has a Market Capitalization of 78364409856 and an Enterprise Value of 89040527360. As of this moment, Synopsys,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.02, and their Forward P/E ratio for the next fiscal year is 29.48. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.51 while its Price-to-Book (P/B) ratio in mrq is 8.72. Its current Enterprise Value per Revenue stands at 13.734 whereas that against EBITDA is 53.886.
Stock Price History:
Over the past 52 weeks, SNPS has reached a high of $629.38, while it has fallen to a 52-week low of $457.52. The 50-Day Moving Average of the stock is -3.90%, while the 200-Day Moving Average is calculated to be -7.34%.
Shares Statistics:
The stock has traded on average 1.05M shares per day over the past 3-months and 1472710 shares per day over the last 10 days, according to various share statistics. A total of 154.11M shares are outstanding, with a floating share count of 152.24M. Insiders hold about 0.89% of the company’s shares, while institutions hold 88.34% stake in the company. Shares short for SNPS as of 1731628800 were 2846030 with a Short Ratio of 2.72, compared to 1728950400 on 2660105. Therefore, it implies a Short% of Shares Outstanding of 2846030 and a Short% of Float of 1.8599999999999999.
