Analyst Revises Synaptics Incorporated (NASDAQ:SYNA) Stock Target


Synaptics Incorporated (NASDAQ:SYNA) mean price target is revealed at $63.59 by Thomson Reuters. The group followed the stock recommendations given by experts in the First Call poll. Also, it is possible that the firm may list per share earnings of $1.35 in the coming quarter and $5.18 for the ongoing fiscal. The market cap of Synaptics Incorporated was $2.03B after the equity closed at $57.87 in last trading day.

What The Valuation Says?

The price/earnings ratio is listed in the group of ratios that are used for stock valuation. Commonly entitled as P/E ratio, it aids investors know where the firm positions in the market. It is a consequent when share’s latest price is divided by per-share earnings. Synaptics Incorporated (NASDAQ:SYNA) has a P/E ratio of 30.47. Investors can ascertain how the stock is doing in the industry by assessing Price-to-Earnings Growth ratio.

In common, a high P/E proposes that investors are predicting higher earnings surge in the future compared to firms with a lower P/E ratio. A low P/E can direct either that a firm may currently be underrated or that the firm is doing extremely well comparative to its past trends. When a firm has no earnings or is recording losses, in both circumstances P/E will be stated as “N/A.” Though it is likely to compute a negative P/E, it is not the common convention.

Synaptics Incorporated (NASDAQ:SYNA) PEG ratio sits at 0.87. A low PEG ratio presents an investment opportunity to the resourceful traders and investors. The stocks with a reading in between 0 and 1 are undervalued equities. A reading of 1 and 2 denotes fairly priced stocks.

Technical Perspective

The technical study of Synaptics Incorporated visibly elucidates that the 50-day MA of Synaptics Incorporated is $55.97, and stock is trading $2.23 points away or +3.98% from 50-day moving average of $55.97. It is trading $-7.34 or -11.19% away 200-day moving average of $65.54. Synaptics Incorporated (NASDAQ:SYNA) 52-week high is $94.48 and the 52-week low is $47.09. This represents that if the equity moves $-36.28 points upside on the chart, it will hit a 52-week high. On the other hand, if it plunges +23.59%, then the share price can log a new 52-week low.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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