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Cadence Design Systems Inc (CDNS) is down -3.75% in a Week, Should You Sell?

Friday, January 14, 2022 01:52 PM | InvestorsObserver Analysts
Cadence Design Systems Inc (CDNS) is down -3.75% in a Week, Should You Sell?

Cadence Design Systems Inc (CDNS) is around the top of the Software - Application industry according to InvestorsObserver. CDNS received an overall rating of 60, which means that it scores higher than 60 percent of all stocks. Cadence Design Systems Inc also achieved a score of 98 in the Software - Application industry, putting it above 98 percent of Software - Application stocks. Software - Application is ranked 130 out of the 148 industries.

Overall Score - 60
CDNS has an Overall Score of 60. Find out what this means to you and get the rest of the rankings on CDNS!

What do These Ratings Mean?

Analyzing stocks can be hard. There are tons of numbers and ratios, and it can be hard to remember what they all mean and what counts as “good” for a given value. InvestorsObserver ranks stocks on eight different metrics. We percentile rank most of our scores to make it easy for investors to understand. A score of 60 means the stock is more attractive than 60 percent of stocks. This ranking system incorporates numerous factors used by analysts to compare stocks in greater detail. This allows you to find the best stocks available in any industry with relative ease. These percentile-ranked scores using both fundamental and technical analysis give investors an easy way to view the attractiveness of specific stocks. Stocks with the highest scores have the best evaluations by analysts working on Wall Street.

What's Happening With Cadence Design Systems Inc Stock Today?

Cadence Design Systems Inc (CDNS) stock is trading at $159.80 as of 1:49 PM on Friday, Jan 14, a loss of -$3.36, or -2.06% from the previous closing price of $163.16. The stock has traded between $159.41 and $163.97 so far today. Volume today is below average. So far 693,908 shares have traded compared to average volume of 1,488,612 shares. Click Here to get the full Stock Report for Cadence Design Systems Inc stock.

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