Synaptics Inc [SYNA] stock is trading at $78.66, up 8.80%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SYNA shares have gain 2.30% over the last week, with a monthly amount drifted -2.60%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Synaptics Inc [NASDAQ: SYNA] stock has seen the most recent analyst activity on August 09, 2024, when TD Cowen reiterated its Buy rating and also revised its price target to $90 from $115. Previously, TD Cowen reaffirmed its Buy rating on May 10, 2024, and dropped its price target to $115. On February 09, 2024, TD Cowen reiterated its Outperform rating and revised its price target to $135 on the stock. Craig Hallum downgraded its rating to a Hold but stick to its price target of $105 on February 09, 2024. JP Morgan initiated its recommendation with a Overweight and recommended $130 as its price target on December 08, 2023. Oppenheimer downgraded its rating to Perform for this stock on February 03, 2023. In a note dated May 06, 2022, Summit Insights downgraded an Hold rating on this stock.
Synaptics Inc [SYNA] stock has fluctuated between $67.83 and $121.37 over the past year. Currently, Wall Street analysts expect the stock to reach $174 within the next 12 months. Synaptics Inc [NASDAQ: SYNA] shares were valued at $78.66 at the most recent close of the market. An investor can expect a potential return of 121.21% based on the average SYNA price forecast.
Analyzing the SYNA fundamentals
Synaptics Inc [NASDAQ:SYNA] reported sales of 959.40M for the trailing twelve months, which represents a growth of 8.84%. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.1 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.67.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 74.83 points at the first support level, and at 70.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 80.80, and for the 2nd resistance point, it is at 82.93.
Ratios To Look Out For
For context, Synaptics Inc’s Current Ratio is 4.19. As well, the Quick Ratio is 3.78, while the Cash Ratio is 3.03. Considering the valuation of this stock, the price to sales ratio is 3.27, the price to book ratio is 2.12 and price to earnings (TTM) ratio is 25.40.
Transactions by insiders
Recent insider trading involved Gupta Vikram, that happened on Aug 28 ’24 when 1008.0 shares were sold. Officer, VIKRAM GUPTA completed a deal on Aug 28 ’24 to buy 1008.0 shares. Meanwhile, Gupta Vikram sold 1870.0 shares on Aug 23 ’24.
