With 0.9 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.03 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $568.405 whereas the lowest price it dropped to was $556.345. The 52-week range on SNPS shows that it touched its highest point at $629.38 and its lowest point at $457.52 during that stretch. It currently has a 1-year price target of $646.00. Beta for the stock currently stands at 1.08.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SNPS was up-trending over the past week, with a rise of 8.51%, but this was up by 14.10% over a month. Three-month performance surged to 7.45% while six-month performance fell -3.80%. The stock gained 4.44% in the past year, while it has gained 9.74% so far this year. A look at the trailing 12-month EPS for SNPS yields 9.64 with Next year EPS estimates of 14.90. For the next quarter, that number is 3.30. This implies an EPS growth rate of 17.25% for this year and 13.59% for next year. EPS is expected to grow by 15.10% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 22.96%.
Float and Shares Shorts:
At present, 153.61 million SNPS shares are outstanding with a float of 152.91 million shares on hand for trading. On 2024-10-31, short shares totaled 2.61 million, which was 170.00000000000003 higher than short shares on 1727654400. In addition to Dr. Aart J. de Geus Ph.D. as the firm’s Co-Founder & Executive Chairman, Mr. Sassine Ghazi serves as its CEO, President & Director.
Institutional Ownership:
Through their ownership of 0.9393 of SNPS’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-07-31, SNPS reported revenue of $1525749000.0 and operating income of $360211000.0. The EBITDA in the recently reported quarter was $459681000.0 and diluted EPS was $2.613542.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SNPS since 13 analysts follow the stock currently. There are 13 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SNPS analysts setting a high price target of 694.0 and a low target of 490.0, the average target price over the next 12 months is 631.43475. Based on these targets, SNPS could surge 22.82% to reach the target high and fall by -13.29% to reach the target low. Reaching the average price target will result in a growth of 11.74% from current levels.
Analysts have provided yearly estimates in a range of $13.22 being high and $13 being low. For SNPS, this leads to a yearly average estimate of $13.12. The surprise factor in the prior quarter was $2.95. Based on analyst estimates, the high estimate for the next quarter is $3.85 and the low estimate is $3.36. The average estimate for the next quarter is thus $3.53.
