Synaptics Inc (NASDAQ: SYNA) suffers from important negative changes in fundamentals: the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, and significant quarterly sales deceleration occurred.
Recent notable negative changes in investment behavior have affected Synaptics Inc (NASDAQ: SYNA): the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
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). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Synaptics has a neutral Power Rating of 42 and a slightly negative Appreciation Score of 37, producing the Negative Value Trend Rating.
Recent Price Action
Synaptics Inc (NASDAQ: SYNA) stock declined by -3.0% on 5/10/24. The shares closed at $88.94. Moreover, this decline was accompanied by exceptionally high trading volume at 300% of normal. The stock has performed in line with the market over the last nine months and has declined -0.8% during the last week.
Be the first to comment