Synaptics Incorporated (SYNA) Stock: Seeing Gains In Today’s Session

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Synaptics Incorporated (SYNA) is making a move up in the market in today’s trading session. The company, one that is focused on the technology industry, is currently priced at $59.01 after climbing 9.99% so far in today’s session. As it relates to technology companies, there are quite a few factors that have the ability to generate price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the recent trending headlines relating to SYNA:

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Nov-08-19 09:15AM Fewer Tariffs Bring Higher Stocks
Nov-07-19 03:25PM Synaptics (SYNA) Q1 Earnings and Revenues Top Estimates
01:50PM Synaptics Reports Results for First Quarter Fiscal 2020
Nov-01-19 04:01PM Synaptics Announces Inducement Grants for Dean Butler under Nasdaq Listing Rule 5635(c)(4)
Oct-31-19 10:34AM Earnings Preview: Synaptics (SYNA) Q1 Earnings Expected to Decline

However, any time investors are making an investing decision, prospective investors should take a look at much more than just news, especially in the ever evolving tech space. Here’s what’s going on with Synaptics Incorporated.

Trends That We’ve Seen From SYNA

While a gain in a single session, like the move that we’re seeing from Synaptics Incorporated may lead to excitement in some investors, a single session gain by itself shouldn’t be the basis of a decision to, or not to, invest in a company. It’s generally a good idea to look into trends just a single session. When it comes to SYNA, here are the trends that investors have experienced:

  • Past 5 Sessions – Throughout the past 7 days, SYNA has produced a price change in the amount of 31.02%.
  • Monthly – The ROI from Synaptics Incorporated in the past month works out to 46.10%.
  • Past Three Months – Throughout the past three months, the company has generated a return on investment that comes to 80.35%
  • Bi-Annually – Throughout the past 6 months, we’ve seen a change of 82.13% from the stock.
  • This Year So Far – Since the the first trading session of this year SYNA has produced a ROI of 58.59%.
  • Annually – Finally, throughout the past full year, investors have seen performance that works out to 63.55% from SYNA. In this period of time, the stock has sold at a high of 9.54% and a low price of 124.03%.

Ratios Worth Paying Attention To

Digging into various ratios associated with a stock can provide investors an understanding of how dangerous and/or rewarding a pick might be. Here are some of the important ratios to think about when digging into SYNA.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors believe that the value of the stock is headed for declines. Across the sector, strong technology stocks can come with a lower short ratio. On the other hand, we also tend to see quite a few short squeezes in the industry. Nonetheless, in relation to Synaptics Incorporated, it’s short ratio amounts to 8.82.

Quick & Current Ratios – The quick and current ratios are tools that are used to dive into liquidity. Essentially, they measure If a company is able to cover its debts when they come due based on current assets or quick assets. In the technology sector, several companies are reliant on the continuation of investor support as they work to bring new technologies to market, the current and quick ratios can look upsetting. However, quite a few better companies in the tech industry do have positive quick and current ratios. In terms of SYNA, the quick and current ratios total up to 2.30 and 2.90 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the current book value of assets that are owned by the company. In this case, that ratio comes in at 19.16.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the price of the company’s stock. As it relates to SYNA, the cash to share value ratio is 9.56.

Moves From Big Money Players

An interesting fact I have come to understand in my short time on Earth has been that smart money tends to follow the moves made by big money. So, investors that want to keep the risk down will keep an eye on investments made by institutions as well as those on the inside. With that said, where is the big money in regard to SYNA? Here’s the data:

Institutions own 100.00% of the company. Institutional interest has moved by -1.97% over the past three months. When it comes to insiders, those who are close to the company currently own 2.20% percent of SYNA shares. Institutions have seen ownership changes of an accumulative -2.79% over the last three months.

How Analysts Feel About Synaptics Incorporated

While it’s rarely a good idea to unknowingly follow the opinions of analysts, it is a good idea to consider their thoughts to validate your own when it comes to making investment decisions in the tech space. Below you’ll find the most recent moves that we have seen from analysts as it relates to SYNA.

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Nov-08-19 Reiterated Craig Hallum Hold $28 → $40
Aug-09-19 Upgrade Dougherty & Company Neutral → Buy $40
Aug-09-19 Downgrade JP Morgan Neutral → Underweight $35 → $25
Aug-09-19 Downgrade Craig Hallum Buy → Hold $39 → $28
May-10-19 Reiterated Needham Buy $45 → $42

What We’ve Seen In earnings results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $4.20. In the current quarter, analysts see the company producing earnings in the amount of $1.45. Over the last 5 years, SYNA has generated revenue in the amount of $9.20% with earnings coming in at -20.40%. On a quarter over quarter basis, earnings have seen movement of -644.00% and revenue has seen movement of -24.00%.

What You Need To Know About Share Counts

Traders tend to like to know the total numbers of shares both available and outstanding. When it comes to Synaptics Incorporated, currently there are 34.30M with a float of 31.81M. This means that out of the total of 34.30M shares of SYNA in existence today, 31.81M are able to be traded by the public.

I also find it important to follow the short float. Think about it, if a large portion of the float available for trading is sold short, the overall feeling among traders is that the equity is headed for a dive. When it comes to SYNA, the percentage of the float that is currently being sold short is 16.56%. Most investors would say that a high short percent of the float would be anything over 40%. Through my work, I’ve calculated that any short ratio over 26% is generally a risky play.

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