TD Synnex Corp (NYSE:SNX) saw a downside of -4.45% to $97.36 after subtracting -$4.54 on Tuesday. The 5-day average trading volume is 447,460 shares of the company’s common stock. It has gained $103.60 in the past week and touched a new high 1 time within the past 5 days. An average of 463,205 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 378,434.
SNX’s 1-month performance is -2.11% or -$2.28 on its low of $95.58 reached on 09/26/23. The company’s shares have touched a 52-week low of $78.86 and high of $111.57, with the stock’s rally to the 52-week high happening on 01/18/23. YTD, SNX has achieved 2.80% or $2.47 and has reached a new high 8 times. However, the current price is down -12.73% from the 52-week high price.
Insider Transactions
SNX stock investors last saw insider trading activity on Sep 15.Witt Marshall (Chief Financial Officer) most recently sold 1,082 shares at $100.37 per share on Sep 15. This transaction cost the insider $108,600. Chief Executive Officer, HUME RICHARD T, sold 15,000 shares at a price of $103.26 on Sep 01. Then, on Aug 15, Chief Financial Officer Witt Marshall sold 1,082 shares at a price of $98.09 per share. This transaction amounted to $106,133.
Valuation Metrics
SNX stock has a beta of 1.59. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.15 while the price-to-book (PB) in the most recent quarter is 1.10, with the price to cash flow ratio at 13.01.
TD Synnex Corp’s quick ratio for the period ended May 30 was 0.76, with the current ratio over the same period at 1.30. As well, the company’s long term debt to equity for the quarter ending May 30 was 0.46, while the total debt to equity was 0.50. In terms of profitability, the gross margin trailing 12 months is 5.88%. The trailing 12-month EBITDA margin is 2.72% while for the period ending May 30, TD Synnex Corp’s operating margin was 2.14%. The firm’s gross profit as reported stood at $3.9 billion against revenue of $62.34 billion.
Earnings Surprise
For the quarterly period ending May 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -11.89% to $133.09 million, while revenue of $167.02 million was -25.49% off the previous quarter. Analysts expected SNX to announce $2.55 per share in earnings in its latest quarter, but it posted $2.43, representing a -4.70% surprise. EBITDA for the quarter stood at more than $357.84 million. SNX stock balance sheet for the quarter ending May 30 shows that total liabilities totaled 19.71 billion, with total debt at $4.11 billion. Shareholders hold equity totaling $93.75 million.
Let’s look briefly at TD Synnex Corp (SNX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 30.93% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.95%.
The stock’s 5-day moving average is $101.04, reflecting a -4.63% or -$4.72 change from its current price. SNX is currently trading -3.58% above its 20-day SMA, +10.12% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -0.96% and SMA200 by+0.60%.
Stochastic %K and %D was 52.12% and 61.14% and the average true range (ATR) pointed at 2.04. The RSI (14) points at 37.88%, while the 14-day stochastic is at 19.95% with the period’s ATR at 1.89. The stock’s 9-day MACD Oscillator is pointing at -0.71 and -0.11 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for TD Synnex Corp (NYSE: SNX), Goldman launched coverage with a Buy rating. Analysts offering their rating for SNX stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate SNX as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 8 have offered a “buy” rating.
What is SNX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $97.00 and a high of $122.00, with their median price target at $116.50. Looking at these predictions, the average price target given by analysts is for TD Synnex Corp (SNX) stock is $112.50.
