Currently, Synopsys, Inc. [SNPS] is trading at $557.03, down -0.21%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SNPS shares have gain 5.37% over the last week, with a monthly amount drifted -5.22%, 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.
This stock has fluctuated between a low of $427.63 and a high of $629.38 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $577.92 within the next 12 months. Synopsys, Inc. [NASDAQ: SNPS] shares were valued at $557.03 at the most recent close of the market. An investor can expect a potential return of 3.75% based on the average SNPS price forecast.
Analyzing the SNPS fundamentals
Trailing Twelve Months sales for Synopsys, Inc. [NASDAQ:SNPS] were 6.20B which represents 3.95% growth. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.25%, 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 0.22 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 551.73 points at the first support level, and at 546.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 564.10, and for the 2nd resistance point, it is at 571.17.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Synopsys, Inc. [NASDAQ:SNPS] is 1.86. In addition, the Quick Ratio stands at 1.70 and the Cash Ratio stands at 0.6. Considering the valuation of this stock, the price to sales ratio is 13.78, the price to book ratio is 11.93 and price to earnings (TTM) ratio is 60.60.
Transactions by insiders
Recent insider trading involved DE GEUS AART, EXECUTIVE CHAIR, that happened on Jul 15 ’24 when 493.0 shares were sold. EXECUTIVE CHAIR, DE GEUS AART completed a deal on Jul 10 ’24 to sell 8648.0 shares. Meanwhile, EXECUTIVE CHAIR DE GEUS AART sold 4588.0 shares on Jul 11 ’24.
