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Synopsys, Inc. (NASDAQ: SNPS) closed the day trading at $496.82 up 0.25% from the previous closing price of $495.56. In other words, the price has increased by $0.25 from its previous closing price. On the day, 0.64 million shares were traded. SNPS stock price reached its highest trading level at $506.265 during the session, while it also had its lowest trading level at $493.28.
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 38.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 76.44. For the most recent quarter (mrq), Quick Ratio is recorded 1.87 and its Current Ratio is at 2.02. 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 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 76318507008 and an Enterprise Value of 75034025984. As of this moment, Synopsys,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 51.56, and their Forward P/E ratio for the next fiscal year is 33.21. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.25 while its Price-to-Book (P/B) ratio in mrq is 9.90. Its current Enterprise Value per Revenue stands at 11.573 whereas that against EBITDA is 45.409.
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 $448.26. The 50-Day Moving Average of the stock is -3.80%, while the 200-Day Moving Average is calculated to be -9.64%.
Shares Statistics:
Over the past 3-months, SNPS traded about 1.07M shares per day on average, while over the past 10 days, SNPS traded about 945480 shares per day. A total of 153.61M shares are outstanding, with a floating share count of 152.83M. Insiders hold about 0.51% of the company’s shares, while institutions hold 89.58% stake in the company. Shares short for SNPS as of 1726185600 were 2678044 with a Short Ratio of 2.51, compared to 1723680000 on 2607179. Therefore, it implies a Short% of Shares Outstanding of 2678044 and a Short% of Float of 1.7500000000000002.
