Recent exceptional negative changes in investment behavior have affected Synaptics Inc (NASDAQ: SYNA): the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
Recent notable negative changes in fundamentals have affected Synaptics Inc (NASDAQ: SYNA): significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
SYNA’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Synaptics has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Synaptics has a slightly negative Appreciation Score of 33 but a good Power Rating of 75, and the Neutral Value Trend Rating results.
Recent Price Action
Synaptics Inc (NASDAQ: SYNA) stock closed at $96.08 on 3/26/24 after a modest decline of -1.2%. However, this decline was accompanied by unusually low trading volume at 51% of normal. The stock has declined -2.0% during the last week but has been exceptionally strong relative to the market over the last nine months.
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