Synaptics Inc (NASDAQ: SYNA) has a price-to-earnings ratio that is above its average at 18.86x. The stock has a 36-month beta value of 1.43. 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 39.35M, and at present, short sellers hold a 7.57% of that float. On November 15, 2024, the average trading volume of SYNA was 347.55K shares.
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SYNA) stock’s latest price update
Synaptics Inc (NASDAQ: SYNA)’s stock price has plunge by -1.01relation to previous closing price of 75.24. Nevertheless, the company has seen a -7.95% plunge in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-14 that SAN JOSE, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) — Synaptics® Incorporated (Nasdaq: SYNA) today announced the pricing of its offering of $400.0 million aggregate principal amount of 0.75% convertible senior notes due 2031 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The issuance and sale of the notes are scheduled to settle on November 19, 2024, subject to customary closing conditions. Synaptics also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $50.0 million aggregate principal amount of notes.
SYNA’s Market Performance
Synaptics Inc (SYNA) has seen a -7.95% fall in stock performance for the week, with a 2.45% gain in the past month and a -3.88% plunge in the past quarter. The volatility ratio for the week is 5.73%, and the volatility levels for the past 30 days are at 4.08% for SYNA. The simple moving average for the past 20 days is 1.65% for SYNA’s stock, with a -14.32% simple moving average for the past 200 days.
Analysts’ Opinion of SYNA
Many brokerage firms have already submitted their reports for SYNA stocks, with TD Cowen repeating the rating for SYNA by listing it as a “Buy.” The predicted price for SYNA in the upcoming period, according to TD Cowen is $100 based on the research report published on November 08, 2024 of the current year 2024.
TD Cowen gave a rating of “Buy” to SYNA, setting the target price at $90 in the report published on August 09th of the current year.
SYNA Trading at 0.81% 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 -38.63% of loss for the given period.
Volatility was left at 4.08%, however, over the last 30 days, the volatility rate increased by 5.73%, as shares surge +4.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.66% upper at present.
During the last 5 trading sessions, SYNA fell by -8.56%, which changed the moving average for the period of 200-days by -30.71% in comparison to the 20-day moving average, which settled at $73.25. In addition, Synaptics Inc saw -34.71% 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 2,731 shares at the price of $80.00 back on Sep 27 ’24. After this action, Gupta Vikram now owns 43,245 shares of Synaptics Inc, valued at $218,480 using the latest closing price.
VIKRAM GUPTA, the Officer of Synaptics Inc, proposed sale 2,731 shares at $80.00 during a trade that took place back on Sep 27 ’24, which means that VIKRAM GUPTA is holding shares at $218,480 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
- 0.46 for the gross margin
The net margin for Synaptics Inc stands at 0.16. The total capital return value is set at -1.33. Equity return is now at value 11.84, with 5.92 for asset returns.
Based on Synaptics Inc (SYNA), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 0.66. The interest coverage ratio of the stock is -0.91.
Currently, EBITDA for the company is 49.9 million with net debt to EBITDA at 5.08. When we switch over and look at the enterprise to sales, we see a ratio of 3.21. The receivables turnover for the company is 7.21for trailing twelve months and the total asset turnover is 3.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.49.
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.
