A share price of Cadence Design Systems, Inc. [CDNS] is currently trading at $282.39, up 0.62%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CDNS shares have gain 5.11% over the last week, with a monthly amount glided 4.63%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Cadence Design Systems, Inc. [NASDAQ: CDNS] stock has seen the most recent analyst activity on September 25, 2024, when Oppenheimer initiated its Underperform rating and assigned the stock a price target of $225. Previously, Piper Sandler upgraded its rating to Overweight on August 06, 2024, and kept the price target unchanged to $318. On April 04, 2024, Piper Sandler initiated with a Neutral rating and assigned a price target of $334 on the stock. Morgan Stanley upgraded its rating to a Overweight but stick to its price target of $350 on February 14, 2024. Rosenblatt downgraded its rating to a Neutral but $280 remained the price target by the analyst firm on February 13, 2024. Morgan Stanley started tracking with a Equal-Weight rating for this stock on November 10, 2023, and assigned it a price target of $260. In a note dated July 20, 2023, Stifel upgraded an Buy rating on this stock and boosted its target price from $210 to $300.
Cadence Design Systems, Inc. experienced fluctuations in its stock price throughout the past year between $228.66 and $328.99. Currently, Wall Street analysts expect the stock to reach $246.73 within the next 12 months. Cadence Design Systems, Inc. [NASDAQ: CDNS] shares were valued at $282.39 at the most recent close of the market. An investor can expect a potential drop of -12.63% based on the average CDNS price forecast.
Analyzing the CDNS fundamentals
Trailing Twelve Months sales for Cadence Design Systems, Inc. [NASDAQ:CDNS] were 4.16B which represents 8.61% growth. Gross Profit Margin for this corporation currently stands at 0.88% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.29 and Total Capital is 0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.32.
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 280.03 points at the first support level, and at 277.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 283.95, and for the 2nd resistance point, it is at 285.50.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cadence Design Systems, Inc. [NASDAQ:CDNS] is 1.43. As well, the Quick Ratio is 1.32, while the Cash Ratio is 0.69. Considering the valuation of this stock, the price to sales ratio is 18.58, the price to book ratio is 18.15 and price to earnings (TTM) ratio is 73.03.
Transactions by insiders
Recent insider trading involved WALL JOHN M, Sr. VP & CFO, that happened on Oct 08 ’24 when 25.0 shares were sold. Officer, JOHN M WALL completed a deal on Oct 08 ’24 to buy 25.0 shares. Meanwhile, Sr. Vice President Cunningham Paul sold 650.0 shares on Oct 01 ’24.
