That’s why I Feel Comfortable With Simulations Plus Inc.’s (SLP) Future

A share price of Simulations Plus Inc. [SLP] is currently trading at $47.54, up 23.61%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SLP shares have gain 14.97% over the last week, with a monthly amount glided 10.07%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Simulations Plus Inc. [NASDAQ: SLP] stock has seen the most recent analyst activity on May 09, 2023, when BTIG Research initiated its Buy rating and assigned the stock a price target of $55. Previously, Craig Hallum upgraded its rating to Buy on October 26, 2021, and dropped its price target to $53. On January 12, 2021, downgrade downgraded it’s rating to Hold. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $95 on October 16, 2020. Oppenheimer initiated its recommendation with a Outperform and recommended $79 as its price target on September 08, 2020. Craig Hallum started tracking with a Buy rating for this stock on January 06, 2020, and assigned it a price target of $40.

Simulations Plus Inc. experienced fluctuations in its stock price throughout the past year between $32.69 and $52.69. Currently, Wall Street analysts expect the stock to reach $67 within the next 12 months. Simulations Plus Inc. [NASDAQ: SLP] shares were valued at $47.54 at the most recent close of the market. An investor can expect a potential return of 40.93% based on the average SLP price forecast.

Analyzing the SLP fundamentals

Trailing Twelve Months sales for Simulations Plus Inc. [NASDAQ:SLP] were 62.11M which represents 21.20% growth. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.06 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 44.01 points at the first support level, and at 40.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.91, and for the 2nd resistance point, it is at 52.27.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Simulations Plus Inc. [NASDAQ:SLP] is 15.10. Also, the Quick Ratio is 15.10, while the Cash Ratio stands at 2.55. Considering the valuation of this stock, the price to sales ratio is 15.29, the price to book ratio is 5.51 and price to earnings (TTM) ratio is 90.92.

Transactions by insiders

Recent insider trading involved WOLTOSZ WALTER S, Director, that happened on Apr 01 ’24 when 20000.0 shares were sold. Director, WOLTOSZ WALTER S completed a deal on Mar 01 ’24 to sell 20000.0 shares. Meanwhile, Director WOLTOSZ WALTER S sold 1055.0 shares on Feb 02 ’24.

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