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The closing price of Synopsys, Inc. (NASDAQ: SNPS) was $548.28 for the day, up 3.29% from the previous closing price of $530.80. In other words, the price has increased by $3.29 from its previous closing price. On the day, 0.62 million shares were traded. SNPS stock price reached its highest trading level at $549.29 during the session, while it also had its lowest trading level at $538.5.
Ratios:
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 50.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 76.55. For the most recent quarter (mrq), Quick Ratio is recorded 1.70 and its Current Ratio is at 1.86. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.08.
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, Piper Sandler on April 04, 2024, initiated with a Overweight rating and assigned the stock a target price of $665.
On November 30, 2023, Needham reiterated its Buy rating and also lowered its target price recommendation from $500 to $660.
On November 10, 2023, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $600.Morgan Stanley initiated its Overweight rating on November 10, 2023, with a $600 target price.
Insider Transactions:
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 Jul 15 ’24 when DE GEUS AART sold 493 shares for $620.60 per share. The transaction valued at 305,954 led to the insider holds 106,983 shares of the business.
DE GEUS AART sold 8,648 shares of SNPS for $5,364,265 on Jul 10 ’24. The EXECUTIVE CHAIR now owns 106,983 shares after completing the transaction at $620.29 per share. On Jul 11 ’24, another insider, DE GEUS AART, who serves as the EXECUTIVE CHAIR of the company, sold 4,588 shares for $621.68 each. As a result, the insider received 2,852,273 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 84005273600 and an Enterprise Value of 80347799552. As of this moment, Synopsys,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 59.65, and their Forward P/E ratio for the next fiscal year is 36.59. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.56 while its Price-to-Book (P/B) ratio in mrq is 11.74. Its current Enterprise Value per Revenue stands at 12.729 whereas that against EBITDA is 49.492.
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 $418.51. The 50-Day Moving Average of the stock is -4.38%, while the 200-Day Moving Average is calculated to be -0.68%.
Shares Statistics:
SNPS traded an average of 942.82K shares per day over the past three months and 1363550 shares per day over the past ten days. A total of 153.22M shares are outstanding, with a floating share count of 152.44M. Insiders hold about 0.50% of the company’s shares, while institutions hold 89.72% stake in the company. Shares short for SNPS as of 1722384000 were 3231785 with a Short Ratio of 3.43, compared to 1719532800 on 3995488. Therefore, it implies a Short% of Shares Outstanding of 3231785 and a Short% of Float of 2.12.
