TD Synnex Corp (NYSE: SNX) is 12.15% higher on its value in year-to-date trading and has touched a low of $89.73 and a high of $133.85 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SNX stock was last observed hovering at around $122.28 in the last trading session, with the day’s loss setting it -1.6%.
Currently trading at $120.68, the stock is 4.06% and 3.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.62 million and changing -1.31% at the moment leaves the stock 8.05% off its SMA200. SNX registered 18.51% gain for a year compared to 6-month gain of 16.15%.
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The stock witnessed a 1.27% loss in the last 1 month and extending the period to 3 months gives it a -7.23%, and is 1.07% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.64% over the week and 1.87% over the month.
TD Synnex Corp (SNX) has around 23000 employees, a market worth around $10.31B and $56.29B in sales. Current P/E ratio is 16.91 and Fwd P/E is 9.25. Profit margin for the company is 1.13%. Distance from 52-week low is 34.49% and -9.84% from its 52-week high. The company has generated returns on investments over the last 12 months (5.45%).
The EPS is expected to grow by 4.45% this year
643.0 institutions hold shares in TD Synnex Corp (SNX), with institutional investors hold 99.61% of the company’s shares. The shares outstanding are 88.67M, and float is at 75.88M with Short Float at 2.56%. Institutions hold 88.52% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 8.03 million shares valued at $926.49 million. The investor’s holdings represent 9.3952 of the SNX Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 7.64 million shares valued at $881.35 million to account for 8.9375 of the shares outstanding. The other top investors are FMR LLC which holds 6.27 million shares representing 7.3385 and valued at over $723.67 million, while BRAVE WARRIOR ADVISORS, LLC holds 3.8876 of the shares totaling 3.32 million with a market value of $383.36 million.
TD Synnex Corp (SNX) Insider Activity
The most recent transaction is an insider sale by Witt Marshall, the company’s Chief Financial Officer. SEC filings show that Witt Marshall sold 11,441 shares of the company’s common stock on Aug 07 ’24 at a price of $110.14 per share for a total of $1.26 million. Following the sale, the insider now owns 45115.0 shares.
Still, SEC filings show that on Jul 31 ’24, Saintil Merline (Director) disposed off 117 shares at an average price of $118.95 for $13917.0. The insider now directly holds 5,982 shares of TD Synnex Corp (SNX).
