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 -10.42% away from its 52-week high, while its distance from the 52-week low is 35.34%. The stock’s price range over this period has fluctuated between $217.77 and $328.99. The company, operating within the financial sector, had a trading volume of approximately 1.14 million for the day, which was noticeably lower than the average daily share volume of 1.58 million over the last 3 months.
In terms of market performance, Cadence Design Systems, Inc. had a fairly even. The highest value for the stock in the past year was $328.99 on 06/20/24, and the lowest value was recorded at $217.77 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 -2.02% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 80.29B 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 301.69, with a change in price of -12.50. Similarly, Cadence Design Systems, Inc. recorded 1,478,681 in trading volume during the last 100 days, posting a change of -4.09%.
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 28.12%.This indicates a increase from the raw stochastic average of the past 20 days, which was 2.29%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 26.39% and 37.33%, respectively.
CDNS 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. This year’s metric has recorded a Price increase of 8.21%. However, over the past six months, we’ve seen a weaker performance of 6.18%. The price of CDNS leaped by -5.57% over the last 30 days. And in the last five days, it has fallen by -7.84%.