Synopsys, Inc [NASDAQ: SNPS] plunged by -$72.71 during the normal trading session on while it closed the day at $515.29.
Synopsys, Inc stock has also loss -5.92% of its value over the past 7 days. However, SNPS stock has inclined by 11.06% in the 3 months of the year. Over the past six months meanwhile, it has lost -10.20% and gained 0.07% year-on date.
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The market cap for SNPS stock reached $79.16 billion, with 153.61 million shares outstanding and 152.24 million shares in the current float. Compared to the average trading volume of 968.69K shares, SNPS reached a trading volume of 5075548 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Synopsys, Inc [SNPS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SNPS shares is $646.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SNPS stock is a recommendation set at 1.35. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for Synopsys, Inc shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on November 22, 2024. While these analysts kept the previous recommendation, Loop Capital raised their target price to Buy. The new note on the price target was released on November 12, 2024, representing the official price target for Synopsys, Inc stock. Previously, the target price had yet another raise to $650, while Mizuho analysts kept a Outperform rating on SNPS stock.
The Average True Range (ATR) for Synopsys, Inc is set at 19.77, with the Price to Sales ratio for SNPS stock in the period of the last 12 months amounting to 12.71. The Price to Book ratio for the last quarter was 10.27, with the Price to Cash per share for the same quarter was set at 12.99. Price to Free Cash Flow for SNPS in the course of the last twelve months was 79.28 with Quick ratio for the last quarter at 1.87.
SNPS stock trade performance evaluation
Synopsys, Inc [SNPS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.92. With this latest performance, SNPS shares dropped by -1.28% in over the last four-week period, additionally sinking by -10.20% over the last 6 months – not to mention a drop of -3.81% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SNPS stock in for the last two-week period is set at 41.94, with the RSI for the last a single of trading hit 36.72, and the three-weeks RSI is set at 44.95 for Synopsys, Inc [SNPS]. The present Moving Average for the last 50 days of trading for this stock 529.21, while it was recorded at 559.58 for the last single week of trading, and 549.40 for the last 200 days.
Synopsys, Inc [SNPS]: An insightful look at the core fundamentals
Synopsys, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.87 and a Current Ratio set at 2.02.
Earnings per share (EPS) analysis for Synopsys, Inc [SNPS] stock
With the latest financial reports released by the company, Synopsys, Inc posted 3.56/share EPS, while the average EPS was predicted by analysts to be reported at 3.41/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.15. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SNPS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Synopsys, Inc go to 15.10%.
Synopsys, Inc [SNPS]: Institutional Ownership
There are presently around $93.64%, or 94.04%% of SNPS stock, in the hands of institutional investors. The top three institutional holders of SNPS stocks are: VANGUARD GROUP INC with ownership of 14.14 million shares, which is approximately 9.2404%. BLACKROCK INC., holding 12.83 million shares of the stock with an approximate value of $$7.64 billion in SNPS stocks shares; and BLACKROCK INC., currently with $$4.4 billion in SNPS stock with ownership which is approximately 4.8344%.
