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How to buy Synopsys (SNPS) stocks in Canada

Learn how to easily invest in Synopsys stocks.

Synopsys
NASDAQ: SNPS-USD
About 30 minutes ago

$595.44

+$22.31 (+3.89%)

Synopsys is a software - infrastructure business based in the US. Synopsys shares (SNPS.US) are listed on the NASDAQ and all prices are listed in US dollars. Its last market close was $573.13 – an increase of 0.28% over the previous day. Synopsys employs 20,300 staff and has a trailing 12-month revenue of around $6.1 billion.

How to buy shares in Synopsys

  1. Open a brokerage account. Choose from our top broker picks or compare brokers in depth. Then, complete an application.
  2. Fund your account. Add money to your account via bank transfer, debit card or credit card.
  3. Search the platform by ticker symbol. SNPS in this case.
  4. Choose an order type. Place a market order or limit order with your preferred number of shares or dollar amount.
  5. Submit the order. It's that simple.
The whole process can take as little as 15 minutes. You'll need a smartphone or computer, an internet connection, your passport or driving licence and a means of payment.

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Is it a good time to buy Synopsys stock?

Review technicals and fundamentals to help you determine if now's a good time for you to invest.

Technical analysis

View Synopsys's price performance, share price volatility, historical data and technicals.

Use our graph to track the performance of SNPS stock over time.

Share price volatility

Over the last 12 months, Synopsys's shares have ranged in value from as little as $390.2 up to $629.38. A popular way to gauge a stock's volatility is its "beta".

SNPS.US volatility(beta: 1.07)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Synopsys's is 1.069. This would suggest that Synopsys's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Historical closes compared with the last close of $573.13

1 week (2024-05-15)0.68%
1 month (2024-04-22)8.65%
3 months (2024-02-22)-0.44%
6 months (2023-11-21)5.93%
1 year (2023-05-22)45.80%
2 years (2022-05-22)86.70%
3 years (2021-05-20)136.83%
5 years (2019-05-22)389.81%

The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.

Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.

Is Synopsys under- or over-valued?

Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Synopsys P/E ratio, PEG ratio and EBITDA.

Synopsys's current stock price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 63x. In other words, Synopsys's stocks trade at around 63x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Synopsys's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.5963. Higher PEG ratios such as this can be interpreted as meaning the shares offer worse value given the current rate of growth.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Synopsys's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.

Synopsys's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $1.6 billion ($2.2 billion CAD).

The EBITDA is a measure of Synopsys's overall financial performance and is widely used to measure a its profitability.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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