Recent exceptional negative changes in investment behavior have affected Synaptics Inc (NASDAQ: SYNA): its longer term price trend turned down, and negative upside/downside volume developed.
Synaptics Inc (NASDAQ: SYNA) suffers from meaningful negative changes in fundamentals: 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
Reflecting future returns on capital that are 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 C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Synaptics has a slightly negative Appreciation Score of 35 but a slightly positive Power Rating of 63, with the Neutral Value Trend Rating the result.
Recent Price Action
On 4/18/24, Synaptics Inc (NASDAQ: SYNA) stock declined modestly by -2.0%, closing at $81.69. Moreover, trading volume in this decline was above average at 132% of normal. Relative to the market the stock has been strong over the last nine months but has declined -10.8% during the last week.
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