Synopsys, Inc. [SNPS] stock prices are up 0.20% to $544.76 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The SNPS shares have gain 5.68% over the last week, with a monthly amount drifted -4.68%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Synopsys, Inc. [NASDAQ: SNPS] stock has seen the most recent analyst activity on April 04, 2024, when Piper Sandler initiated its Overweight rating and assigned the stock a price target of $665. Previously, Needham reaffirmed its Buy rating on November 30, 2023, and elevated its price target to $660. On November 10, 2023, Morgan Stanley initiated with a Overweight rating and assigned a price target of $600 on the stock. HSBC Securities started tracking the stock assigning a Buy rating and suggested a price target of $551 on September 29, 2023. BofA Securities upgraded its rating to a Buy but $410 remained the price target by the analyst firm on December 16, 2022. In a note dated September 29, 2022, Deutsche Bank initiated an Buy rating and provided a target price of $420 on this stock.
The stock price of Synopsys, Inc. [SNPS] has been fluctuating between $362.06 and $629.38 over the past year. Currently, Wall Street analysts expect the stock to reach $503.09 within the next 12 months. Synopsys, Inc. [NASDAQ: SNPS] shares were valued at $544.76 at the most recent close of the market. An investor can expect a potential drop of -7.65% based on the average SNPS price forecast.
Analyzing the SNPS fundamentals
The Synopsys, Inc. [NASDAQ:SNPS] reported sales of 6.14B for trailing twelve months, representing a surge of 21.03%. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.23 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
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 540.58 points at the first support level, and at 536.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 548.88, and for the 2nd resistance point, it is at 553.01.
Synopsys, Inc. [SNPS] reported earnings per share of $3.56 for its fiscal quarter that ended on 1/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $3.43/share, meaning a difference of $0.13 and a surprise factor of 3.80%. By comparison, the stated earnings for the previous quarter ended on 10/31/2023 were $2.94 per share as compared to estimates of $2.82 per share, a difference of $0.12 representing a surprise of 4.30%.
Ratios To Look Out For
It’s worth pointing out that Synopsys, Inc. [NASDAQ:SNPS]’s Current Ratio is 1.29. On the other hand, the Quick Ratio is 1.14, and the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 13.53, the price to book ratio is 12.46 and price to earnings (TTM) ratio is 59.99.
Transactions by insiders
Recent insider trading involved RUNKEL JOHN F JR, GC & Corporate Secretary, that happened on Apr 03 ’24 when 5319.0 shares were sold. Director, CASPER MARC N completed a deal on Mar 25 ’24 to buy 750.0 shares. Meanwhile, Director VALLEE ROY sold 10000.0 shares on Feb 27 ’24.
