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In the latest session, TD Synnex Corp (NYSE: SNX) closed at $109.69 down -3.34% from its previous closing price of $113.48. In other words, the price has decreased by -$3.34 from its previous closing price. On the day, 1.68 million shares were traded. SNX stock price reached its highest trading level at $112.83 during the session, while it also had its lowest trading level at $109.19.
Ratios:
For a deeper understanding of TD Synnex Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.29. For the most recent quarter (mrq), Quick Ratio is recorded 0.78 and its Current Ratio is at 1.26. In the meantime, Its Debt-to-Equity ratio is 0.58 whereas as Long-Term Debt/Eq ratio is at 0.47.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, UBS on April 16, 2024, Upgraded its rating to Buy and sets its target price to $145 from $115 previously.
On January 08, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also upped its target price recommendation from $112 to $113.
On November 22, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $105.UBS initiated its Neutral rating on November 22, 2023, with a $105 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 27 ’24 when POLK DENNIS sold 20,000 shares for $115.66 per share. The transaction valued at 2,313,101 led to the insider holds 134,706 shares of the business.
HUME RICHARD T sold 10,000 shares of SNX for $1,301,573 on Jun 03 ’24. The Chief Executive Officer now owns 209,363 shares after completing the transaction at $130.16 per share. On May 01 ’24, another insider, HUME RICHARD T, who serves as the Chief Executive Officer of the company, sold 10,000 shares for $115.79 each. As a result, the insider received 1,157,920 and left with 219,363 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SNX now has a Market Capitalization of 9374073856 and an Enterprise Value of 12796120064. As of this moment, TD’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.37, and their Forward P/E ratio for the next fiscal year is 8.46. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.17 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 0.227 whereas that against EBITDA is 7.53.
Stock Price History:
Over the past 52 weeks, SNX has reached a high of $133.85, while it has fallen to a 52-week low of $89.73. The 50-Day Moving Average of the stock is -11.51%, while the 200-Day Moving Average is calculated to be 1.72%.
Shares Statistics:
For the past three months, SNX has traded an average of 864.83K shares per day and 1398470 over the past ten days. A total of 88.67M shares are outstanding, with a floating share count of 76.04M. Insiders hold about 11.02% of the company’s shares, while institutions hold 81.31% stake in the company. Shares short for SNX as of 1718323200 were 1982348 with a Short Ratio of 2.29, compared to 1715731200 on 2042646. Therefore, it implies a Short% of Shares Outstanding of 1982348 and a Short% of Float of 3.47.
Dividends & Splits
According to the company, the forward annual dividend rate for SNX is 1.50, from 1.55 in the trailing year. Against a Trailing Annual Dividend Yield of 0.013658794The stock’s 5-year Average Dividend Yield is 1.06.
