TD Synnex Corp (NYSE: SNX) has a price-to-earnings ratio of 16.53x that is above its average ratio. Additionally, the 36-month beta value for SNX is 1.48. 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.”
The public float for SNX is 75.90M and currently, short sellers hold a 2.23% ratio of that float. The average trading volume of SNX on September 26, 2024 was 693.60K shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
SNX) stock’s latest price update
The stock price of TD Synnex Corp (NYSE: SNX) has jumped by 0.57 compared to previous close of 117.29. Despite this, the company has seen a fall of -0.73% in its stock price over the last five trading days. zacks.com reported 2024-09-26 that Although the revenue and EPS for TD SYNNEX (SNX) give a sense of how its business performed in the quarter ended August 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
SNX’s Market Performance
SNX’s stock has fallen by -0.73% in the past week, with a monthly drop of -3.58% and a quarterly rise of 2.09%. The volatility ratio for the week is 1.40% while the volatility levels for the last 30 days are 1.95% for TD Synnex Corp The simple moving average for the past 20 days is 2.01% for SNX’s stock, with a 4.09% simple moving average for the past 200 days.
Analysts’ Opinion of SNX
Many brokerage firms have already submitted their reports for SNX stocks, with RBC Capital Mkts repeating the rating for SNX by listing it as a “Outperform.” The predicted price for SNX in the upcoming period, according to RBC Capital Mkts is $140 based on the research report published on July 15, 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 $145, previously predicting the price at $115. The rating they have provided for SNX stocks is “Buy” according to the report published on April 16th, 2024.
JP Morgan gave a rating of “Neutral” to SNX, setting the target price at $113 in the report published on January 08th of the current year.
SNX Trading at 1.66% 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 -11.87% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 1.40%, as shares sank -2.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.30% upper at present.
During the last 5 trading sessions, SNX rose by +0.35%, which changed the moving average for the period of 200-days by +18.57% in comparison to the 20-day moving average, which settled at $115.48. In addition, TD Synnex Corp saw 9.62% 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 Saintil Merline, who sale 117 shares at the price of $115.16 back on Sep 04 ’24. After this action, Saintil Merline now owns 5,865 shares of TD Synnex Corp, valued at $13,474 using the latest closing price.
Witt Marshall, the Chief Financial Officer of TD Synnex Corp, sale 11,441 shares at $110.14 during a trade that took place back on Aug 07 ’24, which means that Witt Marshall is holding 45,115 shares at $1,260,068 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 0.09. Equity return is now at value 7.85, with 2.29 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 0.12. The debt to equity ratio resting at 0.5. The interest coverage ratio of the stock is 202.7.
Currently, EBITDA for the company is 1.7 billion with net debt to EBITDA at 2.24. 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 5.68for trailing twelve months and the total asset turnover is 1.95. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.26.
Conclusion
In conclusion, TD Synnex Corp (SNX) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
