Cadence Design Systems, Inc. saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $327.36 on 03/21/24, while the lowest price for the same duration was marked at $194.01 on 04/25/23.
52-week price history of CDNS Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Cadence Design Systems, Inc.’s current trading price is -12.66% away from its 52-week high, while its distance from the 52-week low is 47.36%. The stock’s price range during this period has spanned from $194.01 to $327.36. In the Technology sector, the Cadence Design Systems, Inc.’s shares surpassed a trading volume of approximately 2.7 million for the day, which was noticeably higher compared to the average daily volume of 9.1.46 million over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
Cadence Design Systems, Inc. (CDNS) has experienced a quarterly rise of 2.47% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 77.94B and boasts a workforce of 11200 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 290.72, with a change in price of +15.55. Similarly, Cadence Design Systems, Inc. recorded 1,476,184 in trading volume during the last 100 days, posting a change of +5.75%.
Examining CDNS’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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
Today, Cadence Design Systems, Inc.’s raw stochastic average for the past 50 days stands at 7.37%, indicating a rise from the raw stochastic average of the last 20 days, which was 7.37%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 7.16% and 9.93% respectively.
CDNS Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. The index has shown a price gain of 4.97% this year. Over the last six months, there has been a weaker performance of 14.35%. The price of CDNS leaped by -8.32% during the last 30 days period. For the last 5-days stocks have slided -7.80%.
