How Does Synaptics Incorporated (SYNA) Stack Up Right Now?

Synaptics Incorporated (SYNA) is an interesting player in the Technology space, with a focus on Application Software. The stock has been active on the tape, currently trading at $47.17, up from yesterday’s close by 10.83%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Synaptics Incorporated (SYNA) currently trades with a market capitalization of $1.63 Billion. That value represents a market adjusting for revenues that have been falling by -11.30 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $152.7 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.9 on a per share basis this quarter. Perhaps, that suggests something about why 3.08% of the outstanding share supply is held by institutional investors.



Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Synaptics Incorporated recorded a 52-week high of $64.54. It is now trading 17.37% off that level. The stock is trading $44.01 its 50-day moving average by -3.16%. The stock carved out a 52-week low down at $33.73.

In recent action, Synaptics Incorporated (SYNA) has made a move of +3.40% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.04, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 20.51% with $33.92 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of SYNA.

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