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In the latest session, Synopsys, Inc. (NASDAQ: SNPS) closed at $525.91 down -2.50% from its previous closing price of $539.39. In other words, the price has decreased by -$2.50 from its previous closing price. On the day, 0.95 million shares were traded. SNPS stock price reached its highest trading level at $537.34 during the session, while it also had its lowest trading level at $523.45.
Ratios:
For a deeper understanding of Synopsys, 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 40.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 80.71. 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:
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 Aug 23 ’24 when SASSINE E GHAZI bought 10,293 shares for $553.89 per share.
DE GEUS AART sold 493 shares of SNPS for $305,954 on Jul 15 ’24. The EXECUTIVE CHAIR now owns 106,983 shares after completing the transaction at $620.60 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 82857648128 and an Enterprise Value of 79502655488. As of this moment, Synopsys,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 54.58, and their Forward P/E ratio for the next fiscal year is 35.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.94 while its Price-to-Book (P/B) ratio in mrq is 10.48. Its current Enterprise Value per Revenue stands at 12.262 whereas that against EBITDA is 48.114.
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 $434.14. The 50-Day Moving Average of the stock is -7.71%, while the 200-Day Moving Average is calculated to be -5.20%.
Shares Statistics:
For the past three months, SNPS has traded an average of 940.56K shares per day and 824550 over the past ten days. A total of 153.22M shares are outstanding, with a floating share count of 152.43M. Insiders hold about 0.51% of the company’s shares, while institutions hold 89.62% stake in the company. Shares short for SNPS as of 1722384000 were 3231785 with a Short Ratio of 3.44, compared to 1719532800 on 3995488. Therefore, it implies a Short% of Shares Outstanding of 3231785 and a Short% of Float of 2.12.
