After finishing at $584.32 in the prior trading day, Synopsys, Inc. (NASDAQ: SNPS) closed at $573.35, down -1.88%. In other words, the price has decreased by -$10.97 from its previous closing price. On the day, 870507 shares were traded.
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Ratios:
Our goal is to gain a better understanding of SNPS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 68.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 66.55. For the most recent quarter (mrq), Quick Ratio is recorded 1.14 and its Current Ratio is at 1.29. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.09.
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, Needham on November 30, 2023, Reiterated its Buy rating but revised its target price to $660 from $500 previously.
On November 10, 2023, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $600.
On September 29, 2023, HSBC Securities started tracking the stock assigning a Buy rating and target price of $551.HSBC Securities initiated its Buy rating on September 29, 2023, with a $551 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 Mar 25 ’24 when CASPER MARC N bought 750 shares for $585.45 per share. The transaction valued at 439,087 led to the insider holds 1,736 shares of the business.
VALLEE ROY sold 10,000 shares of SNPS for $5,726,595 on Feb 27 ’24. The Director now owns 20,000 shares after completing the transaction at $572.66 per share. On Feb 23 ’24, another insider, Ghazi Sassine, who serves as the PRESIDENT AND CEO of the company, sold 10,294 shares for $577.51 each. As a result, the insider received 5,944,932 and left with 61,863 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 87.46B and an Enterprise Value of 86.86B. As of this moment, Synopsys,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 63.14, and their Forward P/E ratio for the next fiscal year is 36.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.36. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.24 while its Price-to-Book (P/B) ratio in mrq is 13.11. Its current Enterprise Value per Revenue stands at 14.17 whereas that against EBITDA is 49.84.
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 $360.36. The 50-Day Moving Average of the stock is 560.52, while the 200-Day Moving Average is calculated to be 497.40.
Shares Statistics:
The stock has traded on average 1.32M shares per day over the past 3-months and 1.21M shares per day over the last 10 days, according to various share statistics. A total of 152.05M shares are outstanding, with a floating share count of 151.90M. Insiders hold about 0.42% of the company’s shares, while institutions hold 87.88% stake in the company. Shares short for SNPS as of Feb 29, 2024 were 3.21M with a Short Ratio of 2.41, compared to 3M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.10% and a Short% of Float of 2.11%.
Earnings Estimates
Its stock is currently analyzed by 8 different market analysts. On average, analysts expect EPS of $3.08 for the current quarter, with a high estimate of $3.14 and a low estimate of $2.95, while EPS last year was $2.54. The consensus estimate for the next quarter is $3.25, with high estimates of $3.34 and low estimates of $3.14.
Analysts are recommending an EPS of between $14.29 and $12.9 for the fiscal current year, implying an average EPS of $13.51. EPS for the following year is $15.67, with 12 analysts recommending between $16.83 and $14.84.
Revenue Estimates
A total of 14 analysts have provided revenue estimates for SNPS’s current fiscal year. The highest revenue estimate was $6.73B, while the lowest revenue estimate was $6.23B, resulting in an average revenue estimate of $6.57B. In the same quarter a year ago, actual revenue was $5.42B, up 21.20% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $7.4B in the next fiscal year. The high estimate is $7.62B and the low estimate is $6.82B. The average revenue growth estimate for next year is up 12.60% from the average revenue estimate for this year.
