At the time of writing, Synopsys, Inc. [SNPS] stock is trading at $529.21, up 6.66%. 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 5.33% over the last week, with a monthly amount glided 4.51%, 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:
Synopsys, Inc. [NASDAQ: SNPS] stock has seen the most recent analyst activity on October 22, 2024, when Mizuho initiated its Outperform rating and assigned the stock a price target of $650. Previously, Berenberg started tracking the stock with Buy rating on October 15, 2024, and set its price target to $660. On April 04, 2024, Piper Sandler initiated with a Overweight rating and assigned a price target of $665 on the stock. Needham reiterated its Buy rating and increased its price target to $660 on November 30, 2023. Morgan Stanley initiated its recommendation with a Overweight and recommended $600 as its price target on November 10, 2023. HSBC Securities started tracking with a Buy rating for this stock on September 29, 2023, and assigned it a price target of $551. In a note dated December 16, 2022, BofA Securities upgraded an Buy rating on this stock but restated the target price of $410.
For the past year, the stock price of Synopsys, Inc. fluctuated between $455.00 and $629.38. Currently, Wall Street analysts expect the stock to reach $568.06 within the next 12 months. Synopsys, Inc. [NASDAQ: SNPS] shares were valued at $529.21 at the most recent close of the market. An investor can expect a potential return of 7.34% based on the average SNPS price forecast.
Analyzing the SNPS fundamentals
According to Synopsys, Inc. [NASDAQ:SNPS], the company’s sales were 6.23B for trailing twelve months, which represents an 2.31% jump. 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. 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 515.25 points at the first support level, and at 501.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 537.28, and for the 2nd resistance point, it is at 545.34.
Ratios To Look Out For
It is important to note that Synopsys, Inc. [NASDAQ:SNPS] has a current ratio of 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 13.05, the price to book ratio is 10.54 and price to earnings (TTM) ratio is 54.92.
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.
