How Will the Market React to Synopsys, Inc. (SNPS) Stock Getting a Bullish Rating

Overall market sentiment has been high on Synopsys, Inc. (SNPS) stock lately. SNPS receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Synopsys, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SNPS!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With SNPS Stock Today?

Synopsys, Inc. (SNPS) stock is down -0.06% while the S&P 500 is higher by 1.74% as of 1:51 PM on Monday, May 23. SNPS is down -$0.20 from the previous closing price of $306.72 on volume of 475,512 shares. Over the past year the S&P 500 is down -5.42% while SNPS is higher by 23.31%. SNPS earned $6.42 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 47.72.

More About Synopsys, Inc.

Synopsys is a provider of electronic design automation (EDA) software, intellectual property (IP), and software integrity (SI) products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. The firm's growing SI business allows customers to continuously manage and test the code base for security and quality. Synopsys' comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house chip design. The resulting expansion in EDA customers alongside secular digitalization of various end markets benefits EDA vendors like Synopsys. Click Here to get the full Stock Report for Synopsys, Inc. stock.