Synopsys, Inc (SNPS) concluded trading on Thursday at a closing price of $515.29, with 5.08 million shares of worth about $2.62 billion changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.20% during that period and on December 05, 2024 the price saw a loss of about -12.37%. Currently the company’s common shares owned by public are about 153.61M shares, out of which, 152.24M shares are available for trading.
Stock saw a price change of -5.92% in past 5 days and over the past one month there was a price change of -1.28%. Year-to-date (YTD), SNPS shares are showing a performance of 0.07% which decreased to -3.81% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $457.52 but also hit the highest price of $629.38 during that period. The average intraday trading volume for Synopsys, Inc shares is 968.69K. The stock is currently trading -6.78% below its 20-day simple moving average (SMA20), while that difference is down -2.63% for SMA50 and it goes to -6.21% lower than SMA200.
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Synopsys, Inc (NASDAQ: SNPS) currently have 153.61M outstanding shares and institutions hold larger chunk of about 88.35% of that.
The stock has a current market capitalization of $79.16B and its 3Y-monthly beta is at 1.09. PE ratio of stock for trailing 12 months is 53.48, while it has posted earnings per share of $9.64 in the same period. Its PEG reads 3.54 and has Quick Ratio of 1.87 while making debt-to-equity ratio of 0.09. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SNPS, volatility over the week remained 3.82% while standing at 2.96% over the month.
Stock’s fiscal year EPS is expected to rise by 12.69% while it is estimated to increase by 16.15% in next year. EPS is likely to shrink at an annualized rate of 15.10% for next 5-years, compared to annual growth of 22.96% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on November 22, 2024 offering an Equal weight rating for the stock and assigned a target price of $570 to it. Coverage by Loop Capital stated Synopsys, Inc (SNPS) stock as a Buy in their note to investors on November 12, 2024, suggesting a price target of $675 for the stock. On October 22, 2024, Mizuho Initiated their recommendations, while on October 15, 2024, Berenberg Initiated their ratings for the stock with a price target of $660. Stock get an Overweight rating from Piper Sandler on April 04, 2024.
