Last Week, TD SYNNEX Corporation (SNX) Recorded A Gain Of $50.68


As of Wednesday close, TD SYNNEX Corporation’s (NYSE:SNX) stock was up $1.02, moving up 1.00 percent to $102.79. The average number of shares traded per day over the past five days has been 184,160 shares. 5 times new highs have been achieved over the past 5 days, with a $2.43 gain in that time frame. In the last twenty days, the average volume was 244,495, while in the previous 50 days, it was 309,266.

Since last month, SNX stock rose 14.64%. Shares of the company fell to $85.70 on 10/24/22, the lowest level in the past month. A 52-week high of $119.30 was reached on 01/05/22 after having rallying from a 52-week low of $78.86. Since the beginning of this year, SNX’s stock price has dropped by -10.12% or -$11.57, and marked a new high 3 times. However, the stock has declined by -13.84% since its 52-week high.

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SNX stock investors should be aware that TD SYNNEX Corporation (SNX) stock had its last reported insider trading activity 9 days ago on Nov 15. Witt Marshall, the Chief Financial Officer of the company, disposed of 609 shares for $102.10 on Nov 15. It resulted in a $62,179 divestment by the insider. Zammit Patrick sold 5,000 shares at an average price of $96.00 on Nov 10. The insider now owns 101,463 shares following the transaction. On Nov 01, Executive Chair POLK DENNIS sold 8,000 shares at $91.47 apiece. The transaction was valued at $731,794.

Valuation Metrics

Right now, TD SYNNEX Corporation (SNX) has a P/E ratio of about 18.00. The stock’s beta is 1.58. Besides these, the trailing price-to-sales (P/S) ratio of 0.16, the price-to-book (PB) ratio of 1.26.

The latest dividend of $0.30 per share was paid out, remained unchanged from last year’s $0.30. On Tuesday January 11 2022, a $0.10 dividend increase was announced.

Financial Health

In the three months ended August 30, TD SYNNEX Corporation’s quick ratio stood at 0.60, while its current ratio was 1.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending August 30 was 0.50, and the total debt-to-equity ratio was 0.53. On the profitability front, the trailing twelve-month gross margin is 6.10% percent. In the year ended August 30, operating margins totaled 1.50%. Based on annual data, SNX earned $1.89 billion in gross profit and brought in $31.61 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.60%. Return on equity (ROE) for the past 12 months was 6.90%.

In TD SYNNEX Corporation’s quarter-end financial report for August 30, it reported total debt of $3.88 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SNX’s revenue rose 66.09% to $15.27 billion during the quarter, while net income inched up to $15.36 billion. While analysts expected TD SYNNEX Corporation to report $2.73 quarterly earnings, the actual figure was $2.74 per share, beating the consensus estimate by 0.40%. During the quarter, the company generated $343.05 million in EBITDA. The liabilities of TD SYNNEX Corporation were 21.32 billion at the end of its most recent quarter ended August 30, and its total debt was $4.13 billion. The value of shareholders’ equity is $95.55 million.

Technical Picture

This quick technical analysis looks at TD SYNNEX Corporation’s (SNX) price momentum. With a historical volatility rate of 20.06%, the RSI 9-day stood at 72.26% on 23 November.

With respect to its five-day moving average, the current TD SYNNEX Corporation price is up by +2.42% percent or $2.43. At present, SNX shares trade +14.26% above its 20-day simple moving average and +13.06% percent above its 100-day simple moving average. However, the stock is currently trading approximately +11.80% above its SMA50 and -2.28% below its SMA200.

Stochastic coefficient K was 88.79% and Stochastic coefficient D was 85.08%, while ATR was 2.34. Given the Stochastic reading of 94.64% for the 14-day period, the RSI (14) reading has been calculated as 68.83%. As of today, the MACD Oscillator reading stands at 0.81, while the 14-day reading stands at 3.41.

Analyst Ratings

RBC Capital Mkts launched its rating on TD SYNNEX Corporation (NYSE: SNX) to a Sector perform in a note to investors on October 04, 2022. TD SYNNEX Corporation (SNX) has been rated Overweight by analysts. According to 0 brokerage firms, SNX is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate TD SYNNEX Corporation stock as buy, with 7 recommending it as overweight.

With a median target price of $120.00, the current consensus forecast for the stock is $95.00 – $150.00. Based on these forecasts, analysts predict TD SYNNEX Corporation (SNX) will achieve an average price target of $120.44.


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