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Syndax Pharmaceuticals Inc (NASDAQ: SNDX) closed the day trading at $18.26 down -2.98% from the previous closing price of $18.82. In other words, the price has decreased by -$2.98 from its previous closing price. On the day, 0.55 million shares were traded. SNDX stock price reached its highest trading level at $18.78 during the session, while it also had its lowest trading level at $18.04.
Ratios:
For a better understanding of SNDX, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 10.50 and its Current Ratio is at 10.50. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
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, Jefferies on June 28, 2024, initiated with a Buy rating and assigned the stock a target price of $37.
On January 31, 2024, Scotiabank Downgraded its rating to Sector Perform which previously was Sector Outperform and also lowered its target price recommendation from $36 to $23.
On December 22, 2023, Mizuho started tracking the stock assigning a Buy rating and target price of $45.Mizuho initiated its Buy rating on December 22, 2023, with a $45 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 14 ’24 when Goldan Keith A. bought 1,250 shares for $20.03 per share. The transaction valued at 25,037 led to the insider holds 52,623 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SNDX now has a Market Capitalization of 1553860224 and an Enterprise Value of 1122722560. For the stock, the TTM Price-to-Sale (P/S) ratio is 443.98 while its Price-to-Book (P/B) ratio in mrq is 3.57. Its current Enterprise Value per Revenue stands at 320.778 whereas that against EBITDA is -3.899.
Stock Price History:
The Beta on a monthly basis for SNDX is 0.92, which has changed by 0.48774707 over the last 52 weeks, in comparison to a change of 0.3069358 over the same period for the S&P500. Over the past 52 weeks, SNDX has reached a high of $25.34, while it has fallen to a 52-week low of $11.22. The 50-Day Moving Average of the stock is -7.64%, while the 200-Day Moving Average is calculated to be -13.98%.
Shares Statistics:
Over the past 3-months, SNDX traded about 1.03M shares per day on average, while over the past 10 days, SNDX traded about 984900 shares per day. A total of 84.83M shares are outstanding, with a floating share count of 79.45M. Insiders hold about 6.64% of the company’s shares, while institutions hold 97.03% stake in the company. Shares short for SNDX as of 1726185600 were 9670762 with a Short Ratio of 9.39, compared to 1723680000 on 9434441. Therefore, it implies a Short% of Shares Outstanding of 9670762 and a Short% of Float of 11.459999999999999.
