For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of Synovus Financial Corp. (NYSE: SNV) was $46.51 for the day, up 1.35% from the previous closing price of $45.89. In other words, the price has increased by $1.35 from its previous closing price. On the day, 1.35 million shares were traded. SNV stock price reached its highest trading level at $46.81 during the session, while it also had its lowest trading level at $45.57.
Ratios:
Our analysis of SNV’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.47 whereas as Long-Term Debt/Eq ratio is at 0.45.
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, Barclays on June 24, 2024, Upgraded its rating to Overweight and sets its target price to $46 from $39 previously.
On April 19, 2024, Keefe Bruyette Downgraded its rating to Mkt Perform which previously was Outperform and also lowered its target price recommendation from $46 to $38.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 10 ’24 when Samaha Eli sold 172,889 shares for $25.20 per share. The transaction valued at 4,357,321 led to the insider holds 1,293,259 shares of the business.
AKINS D WAYNE JR bought 24,500 shares of SNV for $916,300 on Jun 07 ’24. The EVP, Chief Comm Banking Off. now owns 41,884 shares after completing the transaction at $37.40 per share. On Jun 07 ’24, another insider, AKINS D WAYNE JR, who serves as the EVP, Chief Comm Banking Off. of the company, sold 20,000 shares for $37.38 each. As a result, the insider received 747,600 and left with 17,384 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, SNV now has a Market Capitalization of 6704416256 and an Enterprise Value of 7350788608. As of this moment, Synovus’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.60, and their Forward P/E ratio for the next fiscal year is 10.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.08 while its Price-to-Book (P/B) ratio in mrq is 1.48. Its current Enterprise Value per Revenue stands at 4.357.
Stock Price History:
The Beta on a monthly basis for SNV is 1.43, which has changed by 0.36553144 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, SNV has reached a high of $47.76, while it has fallen to a 52-week low of $24.40. The 50-Day Moving Average of the stock is 17.33%, while the 200-Day Moving Average is calculated to be 29.36%.
Shares Statistics:
SNV traded an average of 1.35M shares per day over the past three months and 2015650 shares per day over the past ten days. A total of 146.71M shares are outstanding, with a floating share count of 145.56M. Insiders hold about 0.60% of the company’s shares, while institutions hold 85.00% stake in the company. Shares short for SNV as of 1719532800 were 6351770 with a Short Ratio of 4.72, compared to 1717113600 on 7176860. Therefore, it implies a Short% of Shares Outstanding of 6351770 and a Short% of Float of 4.8600003.
Dividends & Splits
With its trailing 12-month dividend rate of 1.52, SNV has a forward annual dividend rate of 1.52. Against a Trailing Annual Dividend Yield of 0.033122685The stock’s 5-year Average Dividend Yield is 3.92. The current Payout Ratio is 43.93% for SNV, which recently paid a dividend on 2024-06-20 with an ex-dividend date of 1718841600. Stock splits for the company last occurred on 2014-05-19 when the company split stock in a 1:7 ratio.
