Syneos Health Inc. (NASDAQ:SYNH) went up by 5.63% from its latest closing price compared to the recent 1-year high of $74.25. The company’s stock price has collected 9.49% of gains in the last five trading sessions. Press Release reported on 09/16/20 that Syneos Health Announces Pricing of Secondary Offering of Common Stock
Is It Worth Investing in Syneos Health Inc. (NASDAQ :SYNH) Right Now?
Syneos Health Inc. (NASDAQ:SYNH) scored a price-to-earnings ratio above its average ratio, recording 31.55 x from its present earnings ratio. Plus, the 36-month beta value for SYNH is at 1.75. Opinions of the stock are interesting as 9 analysts out of 15 who provided ratings for Syneos Health Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”
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The average price from analysts is $73.85, which is $17.23 above the current price. SYNH currently public float of 61.49M and currently shorts hold a 9.47% ratio of that float. Today, the average trading volume of SYNH was 664.30K shares.
SYNH’s Market Performance
SYNH stocks went up by 9.49% for the week, with a monthly drop of -9.16% and a quarterly performance of -2.39%, while its annual performance rate touched 9.89%. The volatility ratio for the week stands at 3.38% while the volatility levels for the past 30 days are set at 3.80% for Syneos Health Inc.. The simple moving average for the period of the last 20 days is -0.57% for SYNH stocks with a simple moving average of -2.00% for the last 200 days.
Analysts’ Opinion of SYNH
Many brokerage firms have already submitted their reports for SYNH stocks, with Goldman repeating the rating for SYNH by listing it as a “Buy.” The predicted price for SYNH in the upcoming period, according to Goldman is $75 based on the research report published on October 01st of the current year 2020.
Goldman, on the other hand, stated in their research note that they expect to see SYNH reach a price target of $45, previously predicting the price at $79. The rating they have provided for SYNH stocks is “Neutral” according to the report published on March 30th, 2020.
Citigroup gave a rating of “Buy” to SYNH, setting the target price at $75 in the report published on January 07th of the current year.
SYNH Trading at -6.08% from the 50-Day Moving Average
After a stumble in the market that brought SYNH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.37% of loss for the given period.
Volatility was left at 3.80%, however, over the last 30 days, the volatility rate increased by 3.38%, as shares sank -10.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.27% lower at present.
During the last 5 trading sessions, SYNH rose by +9.49%, which changed the moving average for the period of 200-days by -0.22% in comparison to the 20-day moving average, which settled at $56.13. In addition, Syneos Health Inc. saw -5.58% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at SYNH starting from ADVENT INTERNATIONAL CORP/MA, who sale 3,766,281 shares at the price of $59.26 back on Sep 17. After this action, ADVENT INTERNATIONAL CORP/MA now owns 18,647,036 shares of Syneos Health Inc., valued at $223,189,812 using the latest closing price.
ADVENT INTERNATIONAL CORP/MA, the 10% Owner of Syneos Health Inc., sale 3,766,281 shares at $59.26 during a trade that took place back on Sep 17, which means that ADVENT INTERNATIONAL CORP/MA is holding 18,647,036 shares at $223,189,812 based on the most recent closing price.
Stock Fundamentals for SYNH
Current profitability levels for the company are sitting at:
- +7.30 for the present operating margin
- +16.84 for the gross margin
The net margin for Syneos Health Inc. stands at +2.81. The total capital return value is set at 5.87, while invested capital returns managed to touch 2.29. Equity return is now at value 6.30, with 2.50 for asset returns.
Based on Syneos Health Inc. (SYNH), the company’s capital structure generated 96.37 points at debt to equity in total, while total debt to capital is 49.08. Total debt to assets is 39.17, with long-term debt to equity ratio resting at 92.61. Finally, the long-term debt to capital ratio is 47.16.
Currently, EBITDA for the company is 102.53M with total debt to EBITDA at 4.56. When we switch over and look at the enterprise to sales, we see a ratio of 1.93, with the company’s debt to enterprise value settled at 0.32. The receivables turnover for the company is 3.65 and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.03.