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Synopsys, Inc. (NASDAQ: SNPS) closed the day trading at $570.38 down -6.95% from the previous closing price of $613.01. In other words, the price has decreased by -$6.95 from its previous closing price. On the day, 1.4 million shares were traded. SNPS stock price reached its highest trading level at $604.825 during the session, while it also had its lowest trading level at $569.3.
Ratios:
For a better understanding of SNPS, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 52.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 79.64. 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:
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 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 4,588 shares of SNPS for $2,852,273 on Jul 11 ’24. The EXECUTIVE CHAIR now owns 106,983 shares after completing the transaction at $621.68 per share. On Jul 10 ’24, another insider, DE GEUS AART, who serves as the EXECUTIVE CHAIR of the company, sold 8,648 shares for $620.29 each. As a result, the insider received 5,364,265 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 93970677760 and an Enterprise Value of 86412091392. As of this moment, Synopsys,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 62.05, and their Forward P/E ratio for the next fiscal year is 38.06. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.74. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.11 while its Price-to-Book (P/B) ratio in mrq is 12.22. Its current Enterprise Value per Revenue stands at 13.69 whereas that against EBITDA is 53.228.
Stock Price History:
The Beta on a monthly basis for SNPS is 1.06, which has changed by 0.26207078 over the last 52 weeks, in comparison to a change of 0.23228896 over the same period for the S&P500. 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 -2.52%, while the 200-Day Moving Average is calculated to be 4.59%.
Shares Statistics:
Over the past 3-months, SNPS traded about 837.31K shares per day on average, while over the past 10 days, SNPS traded about 656097 shares per day. A total of 153.22M shares are outstanding, with a floating share count of 152.41M. Insiders hold about 0.53% of the company’s shares, while institutions hold 88.86% stake in the company. Shares short for SNPS as of 1719532800 were 3995488 with a Short Ratio of 4.77, compared to 1717113600 on 3786680. Therefore, it implies a Short% of Shares Outstanding of 3995488 and a Short% of Float of 2.6199998.
Earnings Estimates
The current rating of Synopsys, Inc. (SNPS) is the result of assessments by 10.0 analysts actively engaged in evaluating its market dynamics.On average, analysts expect EPS of $3.28 for the current quarter, with a high estimate of $3.3 and a low estimate of $3.26, while EPS last year was $2.74. The consensus estimate for the next quarter is $3.23, with high estimates of $3.32 and low estimates of $3.08.
Analysts are recommending an EPS of between $14.1 and $12.94 for the fiscal current year, implying an average EPS of $13.1. EPS for the following year is $15.09, with 14.0 analysts recommending between $16.7 and $14.44.
Revenue Estimates
For the next quarter, 10 analysts are estimating revenue of $1.61B. There is a high estimate of $1.64B for the next quarter, whereas the lowest estimate is $1.5B.
A total of 10 analysts have provided revenue estimates for SNPS’s current fiscal year. The highest revenue estimate was $6.17B, while the lowest revenue estimate was $6.12B, resulting in an average revenue estimate of $6.13B. In the same quarter a year ago, actual revenue was $5.42BBased on 16 analysts’ estimates, the company’s revenue will be $6.94B in the next fiscal year. The high estimate is $7.69B and the low estimate is $6.62B.
