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Synopsys Inc (SNPS) Stock: What Does the Chart Say Friday?

Friday, September 29, 2023 03:17 PM | InvestorsObserver Analysts

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Synopsys Inc (SNPS) Stock: What Does the Chart Say Friday?

The market has been high on Synopsys Inc (SNPS) stock recently. SNPS gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

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

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With SNPS Stock Today?

Synopsys Inc (SNPS) stock is higher by 0.16% while the S&P 500 has fallen -0.17% as of 3:03 PM on Friday, Sep 29. SNPS has risen $0.72 from the previous closing price of $460.71 on volume of 649,322 shares. Over the past year the S&P 500 has risen 15.42% while SNPS has risen 47.35%. SNPS earned $6.67 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 69.22. To screen for more stocks like Synopsys Inc click here.

More About Synopsys Inc

Synopsys is a provider of electronic design automation software, intellectual property, and software integrity 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.

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