Synaptics Inc [SYNA] stock is trading at $80.11, down -1.89%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SYNA shares have gain 10.21% over the last week, with a monthly amount glided 9.05%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Synaptics Inc [NASDAQ: SYNA] stock has seen the most recent analyst activity on November 08, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $100 from $90. Previously, KeyBanc Capital Markets downgraded its rating to Sector Weight on October 08, 2024. On August 09, 2024, TD Cowen reiterated its Buy rating and revised its price target to $90 on the stock. TD Cowen reiterated its Buy rating and decreased its price target to $115 on May 10, 2024. TD Cowen reiterated its recommendation of a Outperform and raised its price target to $135 on February 09, 2024. Craig Hallum downgraded its rating to Hold for this stock on February 09, 2024, but kept the price target unchanged to $105. In a note dated December 08, 2023, JP Morgan initiated an Overweight rating and provided a target price of $130 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 $160.83 within the next 12 months. Synaptics Inc [NASDAQ: SYNA] shares were valued at $80.11 at the most recent close of the market. An investor can expect a potential return of 100.76% based on the average SYNA price forecast.
Analyzing the SYNA fundamentals
Synaptics Inc [NASDAQ:SYNA] reported sales of 979.40M for the trailing twelve months, which represents a growth of 8.41%. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at -0.06%, Pretax Profit Margin comes in at -0.12%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.12 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.66.
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 79.08 points at the first support level, and at 78.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 81.67, and for the 2nd resistance point, it is at 83.22.
Ratios To Look Out For
For context, Synaptics Inc’s Current Ratio is 4.49. Also, the Quick Ratio is 4.02, while the Cash Ratio stands at 3.36. Considering the valuation of this stock, the price to sales ratio is 3.28, the price to book ratio is 2.19 and price to earnings (TTM) ratio is 20.28.
Transactions by insiders
Recent insider trading involved Gupta Vikram, that happened on Nov 25 ’24 when 411.0 shares were sold. Officer, VIKRAM GUPTA completed a deal on Nov 25 ’24 to buy 411.0 shares. Meanwhile, Gupta Vikram sold 2731.0 shares on Sep 27 ’24.
