TD Synnex Corp (NYSE: SNX)’s stock price has increased by 1.70 compared to its previous closing price of 113.02. However, the company has seen a 0.02% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-04 that Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
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 16.68x, Company’s 36-month beta value is 1.61.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for SNX is 72.56M, and currently, short sellers hold a 2.22% ratio of that floaft. The average trading volume of SNX on April 18, 2024 was 1.02M shares.
SNX’s Market Performance
SNX stock saw an increase of 0.02% in the past week, with a monthly gain of 11.92% and a quarterly increase of 10.84%. The volatility ratio for the week is 2.23%, and the volatility levels for the last 30 days are 2.41% for TD Synnex Corp (SNX). The simple moving average for the past 20 days is 2.27% for SNX’s stock, with a 13.63% simple moving average for the past 200 days.
Analysts’ Opinion of SNX
Many brokerage firms have already submitted their reports for SNX stocks, with UBS repeating the rating for SNX by listing it as a “Buy.” The predicted price for SNX in the upcoming period, according to UBS is $145 based on the research report published on April 16, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see SNX reach a price target of $113, previously predicting the price at $112. The rating they have provided for SNX stocks is “Neutral” according to the report published on January 08th, 2024.
UBS gave a rating of “Neutral” to SNX, setting the target price at $105 in the report published on November 22nd of the previous year.
SNX Trading at 7.97% 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 unable to rebound, for now settling with -4.11% of loss for the given period.
Volatility was left at 2.41%, however, over the last 30 days, the volatility rate increased by 2.23%, as shares surge +11.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.80% upper at present.
During the last 5 trading sessions, SNX rose by +0.02%, which changed the moving average for the period of 200-days by +22.28% in comparison to the 20-day moving average, which settled at $112.98. In addition, TD Synnex Corp saw 6.81% 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 POLK DENNIS, who sale 20,000 shares at the price of $118.10 back on Apr 08 ’24. After this action, POLK DENNIS now owns 134,706 shares of TD Synnex Corp, valued at $2,361,936 using the latest closing price.
HUME RICHARD T, the Chief Executive Officer of TD Synnex Corp, sale 10,000 shares at $105.57 during a trade that took place back on Mar 04 ’24, which means that HUME RICHARD T is holding 229,363 shares at $1,055,703 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 7.72, 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 0.47. The debt to equity ratio resting at 0.49. The interest coverage ratio of the stock is 5.97.
Currently, EBITDA for the company is 1.7 billion with net debt to EBITDA at 2.27. 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 a nutshell, TD Synnex Corp (SNX) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
