A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Cadence Design Systems, Inc.’s current trading price is -6.68% away from its 52-week high, while its distance from the 52-week low is 54.30%. The stock’s price range for this time frame has been between $194.01 and $320.78. The trading volume of the company’s shares in the Technology reached around 0.8 million for the day, which was evidently lower than the average daily volume of 1.51 million over the last three months.
In terms of market performance, Cadence Design Systems, Inc. had a somewhat regular. The highest value for the stock in the past year was $320.78 on 03/04/24, while the lowest value was $194.01 on 04/25/23.
How Financial Performance Impacts Market Capitalization
Cadence Design Systems, Inc. (CDNS) has experienced a quarterly rise of 8.24% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 81.50B and boasts a workforce of 11200 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 277.83, with a change in price of +60.82. Similarly, Cadence Design Systems, Inc. recorded 1,482,581 in trading volume during the last 100 days, posting a change of +25.49%.
How CDNS’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for CDNS stands at 0.24. Similarly, the long-term debt-to-equity ratio is also 0.12.
CDNS Stock Stochastic Average
The raw stochastic average for Cadence Design Systems, Inc. over the last 50 days is presently at 69.03%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 40.77%. Further, the company’s Stochastic %K and %D values for the last 20 days were 53.29% and 60.43%, respectively.
CDNS Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. The metric has seen a significant gain of 9.91% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 23.28%. Over the past 30 days, the price of CDNS has leaped by -0.46%. And in the last five days, it has fallen by -2.99%.
