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In the latest session, Cadence Design Systems, Inc (NASDAQ: CDNS) closed at $297.66 down -0.93% from its previous closing price of $300.46. In other words, the price has decreased by -$0.93 from its previous closing price. On the day, 1.13 million shares were traded. CDNS stock price reached its highest trading level at $306.02 during the session, while it also had its lowest trading level at $295.79.
Ratios:
For a deeper understanding of Cadence Design Systems, Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 28.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 85.73. For the most recent quarter (mrq), Quick Ratio is recorded 2.27 and its Current Ratio is at 2.45. In the meantime, Its Debt-to-Equity ratio is 0.62 whereas as Long-Term Debt/Eq ratio is at 0.54.
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 Overweight rating and assigned the stock a target price of $350.
On November 12, 2024, Loop Capital started tracking the stock assigning a Buy rating and target price of $360.
On October 22, 2024, Mizuho started tracking the stock assigning a Outperform rating and target price of $325.Mizuho initiated its Outperform rating on October 22, 2024, with a $325 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jan 02 ’25 when ANIRUDH DEVGAN bought 5,920 shares for $304.04 per share.
PAUL A CUNNINGHAM bought 650 shares of CDNS for $198,146 on Jan 02 ’25. On Dec 18 ’24, another insider, WALL JOHN M, who serves as the Sr. VP & CFO of the company, sold 4,224 shares for $309.03 each. As a result, the insider received 1,305,343 and left with 29,248 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, CDNS now has a Market Capitalization of 81637130240 and an Enterprise Value of 81521025024. As of this moment, Cadence’s Price-to-Earnings (P/E) ratio for their current fiscal year is 78.28, and their Forward P/E ratio for the next fiscal year is 43.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.75 while its Price-to-Book (P/B) ratio in mrq is 17.89. Its current Enterprise Value per Revenue stands at 18.724 whereas that against EBITDA is 56.202.
Stock Price History:
Over the past 52 weeks, CDNS has reached a high of $328.99, while it has fallen to a 52-week low of $241.29. The 50-Day Moving Average of the stock is 0.07%, while the 200-Day Moving Average is calculated to be 3.04%.
Shares Statistics:
For the past three months, CDNS has traded an average of 1.82M shares per day and 1343350 over the past ten days. A total of 274.26M shares are outstanding, with a floating share count of 271.82M. Insiders hold about 0.89% of the company’s shares, while institutions hold 87.24% stake in the company. Shares short for CDNS as of 1734048000 were 4486112 with a Short Ratio of 2.47, compared to 1731628800 on 3627911. Therefore, it implies a Short% of Shares Outstanding of 4486112 and a Short% of Float of 1.8399999999999999.
