Synopsys Inc. (NASDAQ:SNPS) shares fell to a low of $234.555 before closing at $237.07. Intraday shares traded counted 1.23 million, which was -25.59% lower than its 30-day average trading volume of 982.01K. SNPS’s previous close was $244.81 while the outstanding shares total 152.50M. The firm has a beta of 1.04, a 12-month trailing P/E ratio of 51.32, and a growth ratio of 4.46. The stock’s Relative Strength Index (RSI) is 37.52, with weekly volatility at 2.52% and ATR at 6.58. The SNPS stock’s 52-week price range has touched low of $147.98 and a $300.91 high. The stock traded lower over the last trading session, losing -3.16% on 05/04/21.
Investors have identified the Software – Infrastructure company Synopsys Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $36.92 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Synopsys Inc. (SNPS) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For SNPS, the company has in raw cash 1.02 billion on their books with 97.42 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 2.4 billion total, with 2.17 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 4.72 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SNPS sounds very interesting.
Is the stock of SNPS attractive?
In related news, Chairman of the Board & Co-CEO, DE GEUS AART sold 28,311 shares of the company’s stock in a transaction that recorded on Mar 26. The sale was performed at an average price of 241.42, for a total value of 6,834,921. As the sale deal closes, the GC & Corporate Secretary, RUNKEL JOHN F JR now sold 4,236 shares of the company’s stock, valued at 1,008,168. Also, Chairman of the Board & Co-CEO, DE GEUS AART sold 34,581 shares of the company’s stock in a deal that was recorded on Mar 03. The shares were price at an average price of 242.35 per share, with a total market value of 8,380,858. Following this completion of acquisition, the Chairman of the Board & Co-CEO, DE GEUS AART now holds 124,115 shares of the company’s stock, valued at 30,969,336. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.40%.
9 out of 13 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on Synopsys Inc.. 0 analysts has assigned a Sell rating on the SNPS stock. The 12-month mean consensus price target for the company’s shares has been set at $311.77.