Synovus Financial Corp. (NYSE: SNV)’s stock price has dropped by -5.18 in relation to previous closing price of 39.19. Nevertheless, the company has seen a loss of -2.21% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-10 that Synovus (SNV) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is It Worth Investing in Synovus Financial Corp. (NYSE: SNV) Right Now?
The price-to-earnings ratio for Synovus Financial Corp. (NYSE: SNV) is above average at 10.74x, Company’s 36-month beta value is 1.42.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 13 as “hold,” and 1 as “sell.”
The public float for SNV is 145.29M, and currently, short sellers hold a 4.24% ratio of that floaft. The average trading volume of SNV on April 11, 2024 was 1.45M shares.
SNV’s Market Performance
SNV stock saw a decrease of -2.21% in the past week, with a monthly decline of -5.95% and a quarterly a decrease of 1.17%. The volatility ratio for the week is 2.62%, and the volatility levels for the last 30 days are 2.39% for Synovus Financial Corp. (SNV). The simple moving average for the past 20 days is -3.90% for SNV’s stock, with a 11.97% simple moving average for the past 200 days.
Analysts’ Opinion of SNV
Many brokerage firms have already submitted their reports for SNV stocks, with Barclays repeating the rating for SNV by listing it as a “Equal Weight.” The predicted price for SNV in the upcoming period, according to Barclays is $42 based on the research report published on March 08, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see SNV reach a price target of $42. The rating they have provided for SNV stocks is “Buy” according to the report published on January 08th, 2024.
Evercore ISI gave a rating of “In-line” to SNV, setting the target price at $40 in the report published on January 03rd of the current year.
SNV Trading at -1.95% from the 50-Day Moving Average
After a stumble in the market that brought SNV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.19% of loss for the given period.
Volatility was left at 2.39%, however, over the last 30 days, the volatility rate increased by 2.62%, as shares sank -5.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.19% lower at present.
During the last 5 trading sessions, SNV fell by -2.21%, which changed the moving average for the period of 200-days by +27.96% in comparison to the 20-day moving average, which settled at $38.57. In addition, Synovus Financial Corp. saw -1.30% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SNV starting from Hurley Jill K, who sale 4,808 shares at the price of $37.29 back on Feb 28 ’24. After this action, Hurley Jill K now owns 5,137 shares of Synovus Financial Corp., valued at $179,298 using the latest closing price.
Bentsen Tim E, the Director of Synovus Financial Corp., sale 4,671 shares at $38.62 during a trade that took place back on Jan 24 ’24, which means that Bentsen Tim E is holding 33,144 shares at $180,394 based on the most recent closing price.
Stock Fundamentals for SNV
Current profitability levels for the company are sitting at:
- 0.42 for the present operating margin
- 0.88 for the gross margin
The net margin for Synovus Financial Corp. stands at 0.27. The total capital return value is set at 0.01. Equity return is now at value 11.33, with 0.91 for asset returns.
Based on Synovus Financial Corp. (SNV), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.65. The debt to equity ratio resting at 0.38. The interest coverage ratio of the stock is 0.94.
Currently, EBITDA for the company is 2.69 billion with net debt to EBITDA at -0.14. When we switch over and look at the enterprise to sales, we see a ratio of 2.53. The receivables turnover for the company is 4.07for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.24.
Conclusion
In a nutshell, Synovus Financial Corp. (SNV) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
