Synopsys, Inc. [SNPS] stock is trading at $510.36, up 0.70%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SNPS shares have gain 2.91% over the last week, with a monthly amount drifted -2.96%, 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.
Synopsys, Inc. [SNPS] stock has fluctuated between $440.62 and $629.38 over the past year. Currently, Wall Street analysts expect the stock to reach $578.08 within the next 12 months. Synopsys, Inc. [NASDAQ: SNPS] shares were valued at $510.36 at the most recent close of the market. An investor can expect a potential return of 13.27% based on the average SNPS price forecast.
Analyzing the SNPS fundamentals
Synopsys, Inc. [NASDAQ:SNPS] reported sales of 6.23B for the trailing twelve months, which represents a growth of 2.31%. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.22 and Total Capital is 0.16. 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 505.52 points at the first support level, and at 500.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 513.49, and for the 2nd resistance point, it is at 516.63.
Ratios To Look Out For
For context, Synopsys, Inc.’s Current Ratio is 2.02. Also, the Quick Ratio is 1.87, while the Cash Ratio stands at 0.73. Considering the valuation of this stock, the price to sales ratio is 12.58, the price to book ratio is 10.17 and price to earnings (TTM) ratio is 52.97.
Transactions by insiders
Recent insider trading involved Ghazi Sassine, PRESIDENT AND CEO, that happened on Aug 23 ’24 when 10293.0 shares were sold. Officer, SASSINE E GHAZI completed a deal on Aug 23 ’24 to buy 10293.0 shares. Meanwhile, EXECUTIVE CHAIR DE GEUS AART sold 493.0 shares on Jul 15 ’24.
