Evaluating the Ups and Downs of TD Synnex Corp’s (SNX) Stock

The stock of TD Synnex Corp (SNX) has seen a 10.42% increase in the past week, with a 10.53% gain in the past month, and a 8.20% flourish in the past quarter. The volatility ratio for the week is 4.26%, and the volatility levels for the past 30 days are at 2.11% for SNX. The simple moving average for the last 20 days is 9.68% for SNX stock, with a simple moving average of 16.38% for the last 200 days.

Is It Worth Investing in TD Synnex Corp (NYSE: SNX) Right Now?

The price-to-earnings ratio for TD Synnex Corp (NYSE: SNX) is above average at 16.91x. The 36-month beta value for SNX is also noteworthy at 1.62. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 3 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”

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The public float for SNX is 61.11M, and at present, short sellers hold a 2.90% of that float. The average trading volume of SNX on April 03, 2024 was 819.61K shares.

SNX) stock’s latest price update

The stock price of TD Synnex Corp (NYSE: SNX) has surged by 3.27 when compared to previous closing price of 112.74, but the company has seen a 10.42% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-27 that TD SYNNEX’s (SNX) first-quarter fiscal 2024 results reflect gains from market recovery, improving IT demand environment, diversification of portfolio and expansion of global line cards.

Analysts’ Opinion of SNX

Many brokerage firms have already submitted their reports for SNX stocks, with JP Morgan repeating the rating for SNX by listing it as a “Neutral.” The predicted price for SNX in the upcoming period, according to JP Morgan is $113 based on the research report published on January 08, 2024 of the current year 2024.

UBS, on the other hand, stated in their research note that they expect to see SNX reach a price target of $105. The rating they have provided for SNX stocks is “Neutral” according to the report published on November 22nd, 2023.

Goldman gave a rating of “Buy” to SNX, setting the target price at $101 in the report published on May 01st of the previous year.

SNX Trading at 12.12% from the 50-Day Moving Average

After a stumble in the market that brought SNX to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.33% of gains for the given period.

Volatility was left at 2.11%, however, over the last 30 days, the volatility rate increased by 4.26%, as shares surge +10.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.33% upper at present.

During the last 5 trading sessions, SNX rose by +10.42%, which changed the moving average for the period of 200-days by +22.30% in comparison to the 20-day moving average, which settled at $106.71. In addition, TD Synnex Corp saw 8.20% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SNX starting from HUME RICHARD T, who sale 10,000 shares at the price of $105.57 back on Mar 04 ’24. After this action, HUME RICHARD T now owns 229,363 shares of TD Synnex Corp, valued at $1,055,703 using the latest closing price.

HUME RICHARD T, the Chief Executive Officer of TD Synnex Corp, sale 10,000 shares at $101.18 during a trade that took place back on Feb 20 ’24, which means that HUME RICHARD T is holding 239,363 shares at $1,011,787 based on the most recent closing price.

Stock Fundamentals for SNX

Current profitability levels for the company are sitting at:

  • 0.02 for the present operating margin
  • 0.07 for the gross margin

The net margin for TD Synnex Corp stands at 0.01. The total capital return value is set at 0.07. Equity return is now at value 7.73, with 2.20 for asset returns.

Based on TD Synnex Corp (SNX), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 7.45. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is -27616.0.

Currently, EBITDA for the company is 1.7 billion with net debt to EBITDA at 2.26. When we switch over and look at the enterprise to sales, we see a ratio of 0.23. The receivables turnover for the company is 5.75for trailing twelve months and the total asset turnover is 2.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.22.

Conclusion

In summary, TD Synnex Corp (SNX) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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