Trade-Ideas: Ansys (ANSS) Is Today's Strong And Under The Radar Stock - TheStreet

Trade-Ideas LLC identified




) as a strong and under the radar candidate. In addition to specific proprietary factors, Trade-Ideas identified Ansys as such a stock due to the following factors:

  • ANSS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $40.2 million.
  • ANSS has traded 81.5671999999999997044142219237983226776123046875 options contracts today.
  • ANSS is making at least a new 3-day high.
  • ANSS has a PE ratio of 35.
  • ANSS is mentioned 1.19 times per day on StockTwits.
  • ANSS has not yet been mentioned on StockTwits today.
  • ANSS is currently in the upper 20% of its 1-year range.
  • ANSS is in the upper 35% of its 20-day range.
  • ANSS is in the upper 45% of its 5-day range.
  • ANSS is currently trading above yesterday's high.

'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others 'discover' how good the stock is performing. By leveraging the social discovery aspect of StockTwits we are highlighting stocks that don't currently receive much attention from retail investors, but we suspect may soon garner more attention.

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More details on ANSS:

ANSYS, Inc. ANSS has a PE ratio of 35. Currently there are 3 analysts that rate Ansys a buy, no analysts rate it a sell, and 5 rate it a hold.

The average volume for Ansys has been 344,600 shares per day over the past 30 days. Ansys has a market cap of $8.5 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 1.16 and a short float of 1.7% with 3.53 days to cover. Shares are up 14.9% year-to-date as of the close of trading on Friday.

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TheStreet Quant Ratings

rates Ansys as a


. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share and expanding profit margins. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 12.1%. Since the same quarter one year prior, revenues slightly increased by 1.3%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • ANSYS INC's earnings per share improvement from the most recent quarter was slightly positive. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, ANSYS INC increased its bottom line by earning $2.71 versus $2.59 in the prior year. This year, the market expects an improvement in earnings ($3.44 versus $2.71).
  • The gross profit margin for ANSYS INC is currently very high, coming in at 81.82%. Regardless of ANSS's high profit margin, it has managed to decrease from the same period last year.
  • The change in net income from the same quarter one year ago has exceeded that of the S&P 500 and greatly outperformed compared to the Software industry average. The net income has decreased by 1.1% when compared to the same quarter one year ago, dropping from $63.04 million to $62.34 million.

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