The stock price of Synaptics Inc (NASDAQ: SYNA) has plunged by -6.33 when compared to previous closing price of 91.66, but the company has seen a -4.93% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-09 that Synaptics Incorporated (NASDAQ:SYNA ) Q3 2024 Results Conference Call May 9, 2024 5:00 PM ET Company Participants Munjal Shah – VP, IR Michael Hurlston – President, CEO Matt Padfield – VP- Finance Conference Call Participants Christopher Rolland – Susquehanna Quinn Bolton – Needham & Company Kevin Cassidy – Rosenblatt Securities Krish Sankar – TD Cowen Peter Peng – JP Morgan Operator Good day, and thank you for standing by. Welcome to the Synaptics Inc. Third Quarter Fiscal Year 2024 Financial Results Conference Call.
Is It Worth Investing in Synaptics Inc (NASDAQ: SYNA) Right Now?
The stock has a 36-month beta value of 1.49. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for SYNA is 38.54M, and at present, short sellers hold a 6.02% of that float. On May 10, 2024, the average trading volume of SYNA was 266.93K shares.
SYNA’s Market Performance
SYNA stock saw a decrease of -4.93% in the past week, with a monthly decline of -7.21% and a quarterly a decrease of -23.48%. The volatility ratio for the week is 2.37%, and the volatility levels for the last 30 days are 3.28% for Synaptics Inc (SYNA). The simple moving average for the last 20 days is -1.90% for SYNA stock, with a simple moving average of -11.35% for the last 200 days.
Analysts’ Opinion of SYNA
TD Cowen, on the other hand, stated in their research note that they expect to see SYNA reach a price target of $135, previously predicting the price at $115. The rating they have provided for SYNA stocks is “Outperform” according to the report published on February 09th, 2024.
Craig Hallum gave a rating of “Hold” to SYNA, setting the target price at $105 in the report published on February 09th of the current year.
SYNA Trading at -9.12% from the 50-Day Moving Average
After a stumble in the market that brought SYNA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.26% of loss for the given period.
Volatility was left at 3.28%, however, over the last 30 days, the volatility rate increased by 2.37%, as shares sank -5.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.19% lower at present.
During the last 5 trading sessions, SYNA fell by -4.88%, which changed the moving average for the period of 200-days by -3.83% in comparison to the 20-day moving average, which settled at $87.27. In addition, Synaptics Inc saw -24.74% 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 SYNA starting from Gupta Vikram, who sale 3,616 shares at the price of $105.75 back on Mar 01 ’24. After this action, Gupta Vikram now owns 31,847 shares of Synaptics Inc, valued at $382,375 using the latest closing price.
Butler Dean Warren sale 3,477 shares at $105.83 during a trade that took place back on Nov 20 ’23, which means that Butler Dean Warren is holding 46,107 shares at $367,965 based on the most recent closing price.
Stock Fundamentals for SYNA
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.48 for the gross margin
The net margin for Synaptics Inc stands at -0.08. The total capital return value is set at -0.02. Equity return is now at value -8.30, with -4.04 for asset returns.
Based on Synaptics Inc (SYNA), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.28. The debt to equity ratio resting at 0.84. The interest coverage ratio of the stock is -4.06.
Currently, EBITDA for the company is 189.7 million with net debt to EBITDA at -13.16. When we switch over and look at the enterprise to sales, we see a ratio of 3.46. The receivables turnover for the company is 8.12for trailing twelve months and the total asset turnover is 0.4. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.32.
Conclusion
To sum up, Synaptics Inc (SYNA) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
