In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Synaptics Inc (NASDAQ: SYNA) closed at $79.80 down -1.53% from its previous closing price of $81.04. In other words, the price has decreased by $-1.53 from its previous closing price. On the day, 0.59 million shares were traded. SYNA stock price reached its highest trading level at $81.76 during the session, while it also had its lowest trading level at $79.47.
Ratios:
For a deeper understanding of Synaptics Inc’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 3.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.98. For the most recent quarter (mrq), Quick Ratio is recorded 4.04 and its Current Ratio is at 4.53. In the meantime, Its Debt-to-Equity ratio is 0.84 whereas as Long-Term Debt/Eq ratio is at 0.83.
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 this company, TD Cowen on February 09, 2024, Reiterated its Outperform rating but revised its target price to $135 from $115 previously.
On February 09, 2024, Craig Hallum Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $105.
On December 08, 2023, JP Morgan started tracking the stock assigning a Overweight rating and target price of $130.JP Morgan initiated its Overweight rating on December 08, 2023, with a $130 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 Mar 01 ’24 when Gupta Vikram sold 3,616 shares for $105.75 per share. The transaction valued at 382,375 led to the insider holds 31,847 shares of the business.
Butler Dean Warren sold 3,477 shares of SYNA for $367,965 on Nov 20 ’23. The insider now owns 46,107 shares after completing the transaction at $105.83 per share. On Nov 20 ’23, another insider, McFarland John, who serves as the insider of the company, sold 884 shares for $105.83 each. As a result, the insider received 93,557 and left with 15,183 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, SYNA now has a Market Capitalization of 3136427520 and an Enterprise Value of 3360164608. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.05 while its Price-to-Book (P/B) ratio in mrq is 2.57. Its current Enterprise Value per Revenue stands at 3.267 whereas that against EBITDA is 38.184.
Stock Price History:
Over the past 52 weeks, SYNA has reached a high of $121.37, while it has fallen to a 52-week low of $67.73. The 50-Day Moving Average of the stock is -19.90%, while the 200-Day Moving Average is calculated to be -17.66%.
Shares Statistics:
For the past three months, SYNA has traded an average of 268.69K shares per day and 303420 over the past ten days. A total of 38.57M shares are outstanding, with a floating share count of 38.54M. Insiders hold about 1.95% of the company’s shares, while institutions hold 94.14% stake in the company. Shares short for SYNA as of 1711584000 were 2290999 with a Short Ratio of 8.53, compared to 1709164800 on 2077496. Therefore, it implies a Short% of Shares Outstanding of 2290999 and a Short% of Float of 9.13.
Earnings Estimates
The stock of Synaptics Inc (SYNA) is currently being evaluated by Snap-On Incorporated analysts who are actively contributing to its market rating.The consensus estimate for the next quarter is $79.80, with high estimates of $0.06 and low estimates of $7.93.
