In the past week, SNV stock has gone up by 3.04%, with a monthly gain of 18.83% and a quarterly surge of 13.69%. The volatility ratio for the week is 2.48%, and the volatility levels for the last 30 days are 2.59% for Synovus Financial Corp. The simple moving average for the past 20 days is 6.87% for SNV’s stock, with a 23.99% simple moving average for the past 200 days.
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 22.84x, Company’s 36-month beta value is 1.41.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.”
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The public float for SNV is 143.10M, and currently, short sellers hold a 3.44% ratio of that floaft. The average trading volume of SNV on October 31, 2024 was 1.36M shares.
SNV) stock’s latest price update
Synovus Financial Corp. (NYSE: SNV)’s stock price has increased by 1.34 compared to its previous closing price of 49.82. However, the company has seen a 3.04% increase in its stock price over the last five trading sessions. businesswire.com reported 2024-10-29 that COLUMBUS, Ga.–(BUSINESS WIRE)–Synovus Financial Corp. announced pricing of its previous underwritten public offering of $500 million of fixed rate/floating rate senior notes.
Analysts’ Opinion of SNV
Many brokerage firms have already submitted their reports for SNV stocks, with Citigroup repeating the rating for SNV by listing it as a “Buy.” The predicted price for SNV in the upcoming period, according to Citigroup is $53 based on the research report published on October 10, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see SNV reach a price target of $46, previously predicting the price at $48. The rating they have provided for SNV stocks is “Equal Weight” according to the report published on October 01st, 2024.
Raymond James gave a rating of “Outperform” to SNV, setting the target price at $49 in the report published on September 17th of the current year.
SNV Trading at 10.95% 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 -2.32% of loss for the given period.
Volatility was left at 2.59%, however, over the last 30 days, the volatility rate increased by 2.48%, as shares surge +18.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.91% upper at present.
During the last 5 trading sessions, SNV rose by +3.04%, which changed the moving average for the period of 200-days by +42.43% in comparison to the 20-day moving average, which settled at $47.25. In addition, Synovus Financial Corp. saw 34.10% 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 SNV starting from Dierdorff Thomas T, who purchase 1,841 shares at the price of $48.86 back on Oct 22 ’24. After this action, Dierdorff Thomas T now owns 14,833 shares of Synovus Financial Corp., valued at $89,951 using the latest closing price.
Dierdorff Thomas T, the EVP, Corp. & Inv. Banking of Synovus Financial Corp., sale 1,841 shares at $48.80 during a trade that took place back on Oct 22 ’24, which means that Dierdorff Thomas T is holding 12,992 shares at $89,841 based on the most recent closing price.
Stock Fundamentals for SNV
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.92 for the gross margin
The net margin for Synovus Financial Corp. stands at 0.12. The total capital return value is set at 0.02. Equity return is now at value 7.33, with 0.61 for asset returns.
Based on Synovus Financial Corp. (SNV), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 0.39. The interest coverage ratio of the stock is 0.7.
Currently, EBITDA for the company is 2.69 billion with net debt to EBITDA at 6.28. When we switch over and look at the enterprise to sales, we see a ratio of 3.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.07.
Conclusion
In a nutshell, Synovus Financial Corp. (SNV) 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.
