Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Cadence Design Systems, Inc.’s current trading price is -14.04% away from its 52-week high, while its distance from the 52-week low is 29.21%. The stock’s price range over this period has fluctuated between $217.77 and $327.36. The company, operating within the financial sector, had a trading volume of approximately 0.66 million for the day, which was noticeably lower than the average daily share volume of 1.5 million over the last 3 months.
Cadence Design Systems, Inc.’s market performance has been stable in recent times. The company’s stock hit a 1-year high of $327.36 on 03/21/24 and a low of $217.77 for the same time frame on 08/18/23.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Cadence Design Systems, Inc. (CDNS) has experienced a quarterly decline of -10.74% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 76.57B and boasts a workforce of 11200 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 295.81, with a change in price of +19.65. Similarly, Cadence Design Systems, Inc. recorded 1,523,249 in trading volume during the last 100 days, posting a change of +7.50%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for CDNS stands at 0.18. Similarly, the long-term debt-to-equity ratio is also 0.08.
CDNS Stock Stochastic Average
Today’s raw stochastic average for Cadence Design Systems, Inc. over the last 50 days is 19.61%.This indicates a increase from the raw stochastic average of the past 20 days, which was 9.83%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 44.67% and 62.80%, respectively.
CDNS Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The metric has seen a significant gain of 3.31% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 2.24%. Over the past 30 days, the price of CDNS has fallen by 2.49%. And in the last five days, it has fallen by -4.52%.
