Ansys Inc (NASDAQ:ANSS) price on Friday, February 28, rose 0.87% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $333.25.
A look at the stock’s price movement, the close in the last trading session was $330.37. The PE ratio in trailing twelve months stood at 50.93. Turning to its 52-week performance, $363.03 and $289.82 were the 52-week high and 52-week low respectively. Overall, ANSS moved -3.77% over the past month.
Ansys Inc’s market cap currently stands at around $29.21 billion, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 516.52M for the company’s revenue for the quarter, with a low and high estimate of 495.9M and 556.9M respectively. The average forecast suggests up to a 10.70% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.79B, representing a 9.56% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ANSS is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 3 recommend ANSS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ANSS’s current price about -1.82% and -2.46% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.98, while 7-day volatility ratio is 1.82% and 1.69% in the 30-day chart. Further, Ansys Inc (ANSS) has a beta value of 1.11, and an average true range (ATR) of 6.17. Analysts have given the company’s stock an average 52-week price target of $360, forecast between a low of $315 and high of $425. Looking at the price targets, the low is 5.48% off current price level while to achieve the yearly target high, price needs to move -27.53%. Nonetheless, investors will most likely welcome a -8.03% jump to $360 which is the analysts’ median price.
If we refocus on Ansys Inc (NASDAQ:ANSS), historical trading data shows that trading volumes averaged 491.75K over the past 3 months. The company’s latest data on shares outstanding shows there are 87.54 million shares.
The 0.36% of Ansys Inc’s shares are in the hands of company insiders while institutional holders own 91.55% of the company’s shares. Current price change has pushed the stock -1.21% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ANSS stock continues to rise going into the next quarter.
