With 0.54 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.64 million shares. The 52-week range on SYNA shows that it touched its highest point at $109.00 and its lowest point at $67.16 during that stretch. It currently has a 1-year price target of $97.14. Beta for the stock currently stands at 1.54.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SYNA was down-trending over the past week, with a drop of -3.25%, but this was down by -17.78% over a month. Three-month performance dropped to -4.07% while six-month performance fell -11.30%. The stock lost -33.42% in the past year, while it has lost -8.63% so far this year. A look at the trailing 12-month EPS for SYNA yields 4.22 with Next year EPS estimates of 4.44. For the next quarter, that number is 0.86. This implies an EPS growth rate of 58.12% for this year and 24.84% for next year.
Float and Shares Shorts:
At present, 39.18 million SYNA shares are outstanding with a float of 38.35 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SYNA since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.19761 being high and $2.14789 being low. For SYNA, this leads to a yearly average estimate of $2.17772. Based on analyst estimates, the high estimate for the next quarter is $1.07 and the low estimate is $0.92. The average estimate for the next quarter is thus $0.96.
