ANSYS Inc. (NASDAQ:ANSS) saw an upside of 0.86% to close Friday at $292.59 after adding $2.5 on the day. The 5-day average trading volume is 511,320 shares of the company’s common stock. It has gained $305.14 in the past week and touched a new high 1 time within the past 5 days. An average of 514,535 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 483,360.
ANSS’s 1-month performance is -14.07% or -$56.39 on its low of $287.20 reached on 08/18/23. The company’s shares have touched a 52-week low of $194.23 and high of $351.23, with the stock’s rally to the 52-week high happening on 07/19/23. YTD, ANSS has achieved 21.11% or $51.00 and has reached a new high 29 times. However, the current price is down -16.69% from the 52-week high price.
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Insider Transactions
ANSS stock investors last saw insider trading activity on Aug 14.Dorchak Glenda (Director) most recently sold 200 shares at $298.99 per share on Aug 14. This transaction cost the insider $59,798. President and CEO, Gopal Ajei, sold 11,087 shares at a price of $350.19 on Jul 19. Then, on Jul 18, President and CEO Gopal Ajei sold 13,262 shares at a price of $350.04 per share. This transaction amounted to $4,642,230.
Valuation Metrics
ANSS stock has a beta of 1.26. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 11.59 while the price-to-book (PB) in the most recent quarter is 5.16, with the price to cash flow ratio at 42.07.
ANSYS Inc.’s quick ratio for the period ended June 29 was 2.20, with the current ratio over the same period at 2.20. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.15, while the total debt to equity was 0.15. In terms of profitability, the gross margin trailing 12 months is 88.10%. The trailing 12-month EBITDA margin is 35.84% while for the period ending June 29, ANSYS Inc.’s operating margin was 27.90%. The firm’s gross profit as reported stood at $1.81 billion against revenue of $2.07 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -42.1% to $69.53 million, while revenue of $100.62 million was -44.71% off the previous quarter. Analysts expected ANSS to announce $1.49 per share in earnings in its latest quarter, but it posted $1.6, representing a 7.40% surprise. EBITDA for the quarter stood at more than $134.0 million. ANSS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.69 billion, with total debt at $882.26 million. Shareholders hold equity totaling $86.79 million.
Let’s look briefly at ANSYS Inc. (ANSS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 27.83% to suggest the stock is trending oversold, with historical volatility in this time period at 19.62%.
The stock’s 5-day moving average is $295.77, reflecting a -2.86% or -$8.62 change from its current price. ANSS is currently trading -14.39% above its 20-day SMA, -7.68% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -6.48% and SMA200 by+32.30%.
Stochastic %K and %D was 5.37% and 6.08% and the average true range (ATR) pointed at 7.81. The RSI (14) points at 31.21%, while the 14-day stochastic is at 10.35% with the period’s ATR at 7.94. The stock’s 9-day MACD Oscillator is pointing at -4.56 and -11.07 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for ANSYS Inc. (NASDAQ: ANSS), Robert W. Baird upgraded it to an Outperform rating. They previously had a Neutral rating on the stock. Analysts offering their rating for ANSS stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate ANSS as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 7 have offered a “buy” rating.
What is ANSS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $300.00 and a high of $400.00, with their median price target at $330.00. Looking at these predictions, the average price target given by analysts is for ANSYS Inc. (ANSS) stock is $336.75.
