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Synopsys, Inc.: Rising -3.28% from 52-Week Low, Can the Stock Stay Afloat?

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In terms of market performance, Synopsys, Inc. had a somewhat regular. The highest value for the stock in the past year was $629.38 on 02/22/24, while the lowest value was $418.51 on 08/18/23.

52-week price history of SNPS Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Synopsys, Inc.’s current trading price is -3.28% away from its 52-week high, while its distance from the 52-week low is 45.46%. The stock’s price range for this period has remained between $418.51 and $629.38. The Technology sector company’s shares managed to surpass a trading volume of around 0.55 million for the day, which was noticeably lower compared to the shares’ average daily volume of 0.86 million over the last three months.

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Financial Performance and Market Capitalization

Synopsys, Inc. (SNPS) has experienced a quarterly rise of 8.47% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 93.27B and boasts a workforce of 20300 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 571.49, with a change in price of +50.91. Similarly, Synopsys, Inc. recorded 925,979 in trading volume during the last 100 days, posting a change of +9.13%.

SNPS Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for SNPS stands at 0.09. Similarly, the long-term debt-to-equity ratio is also 0.08.

SNPS Stock Stochastic Average

As of today, the raw stochastic average of Synopsys, Inc. over the past 50 days is 85.75%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 61.67%. Additionally, the Stochastic %K and %D values for the company were 76.24% and 82.20%, respectively, over the past 20 days.

SNPS Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The index has shown a price gain of 18.22% this year. Over the last six months, there has been a weaker performance of 21.29%. The price of SNPS fallen by 5.65% during the last 30 days period. For the last 5-days stocks have improved 0.29%.

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