SYNNEX Corporation (NYSE:SNX) Relative Strength Index (RSI) is 57.52, with weekly volatility at 2.43% and ATR at 2.66. The SNX stock’s 52-week price range has touched low of $26.08 and a $91.62 high. Intraday shares traded counted 0.22 million, which was 55.27% higher than its 30-day average trading volume of 491.60K. Its shares traded lower over the last trading session, losing -0.96% on 02/16/21. The shares fell to a low of $88.81 before closing at $89.14. SNX’s previous close was $90.00 while the outstanding shares total 51.05M. The firm has a beta of 1.63, a 12-month trailing P/E ratio of 8.74, and a growth ratio of 0.95.
Investors have identified the Information Technology Services company SYNNEX Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $4.58 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
SYNNEX Corporation (SNX) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For SNX, the company has in raw cash 1.56 billion on their books with 158.72 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 8.77 billion total, with 5.63 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 8.13 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SNX sounds very interesting.
Is the stock of SNX attractive?
In related news, Director, STEFFENSEN DWIGHT sold 500 shares of the company’s stock in a transaction that recorded on Jan 21. The sale was performed at an average price of 89.99, for a total value of 44,995. As the sale deal closes, the President, N.A. Distribution, LAROCQUE PETER now sold 2,259 shares of the company’s stock, valued at 200,870. Also, President, N.A. Distribution, LAROCQUE PETER sold 3,417 shares of the company’s stock in a deal that was recorded on Jan 15. The shares were price at an average price of 86.74 per share, with a total market value of 296,406. Following this completion of acquisition, the Director, MURAI KEVIN M now holds 4,600 shares of the company’s stock, valued at 685,204. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.70%.
5 out of 7 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on SYNNEX Corporation. 0 analysts has assigned a Sell rating on the SNX stock. The 12-month mean consensus price target for the company’s shares has been set at $101.00.