Synaptics Inc (NASDAQ: SYNA) has reported a loss for its first fiscal quarter (ending September 30) of $-0.58 versus a loss $-1.43 for the same period a year ago — a decline of -59%. For the latest four quarters through September 30, E.P.S. were $4.00 versus $-1.21 for the same period a year ago — a decline of -431%.
Recent Price Action
Synaptics Inc (NASDAQ: SYNA) stock enjoyed a large increase of 3.4% on 11/7/24. The stock closed at $74.64. Moreover, above average trading volume at 120% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 2.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, SYNA is expected to continue to be a Value Builder.
Synaptics has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Synaptics has a neutral Appreciation Score of 53 but a poor Power Rating of 22, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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