Why Synaptics Incorporated (NASDAQ:SYNA) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $64.910 on Synaptics Incorporated (NASDAQ:SYNA) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $5.260 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Synaptics Incorporated (NASDAQ:SYNA) stands at 29.196.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Synaptics Incorporated, the PEG ratio for coming 3-5 years is 0.800.

Technical Analysis

The technical analysis highlights that Synaptics Incorporated current is trading $3.395 points away or +6.483% from its 50-day moving average of $52.370. Further it is trading $-12.995 or -18.899% away its 200-day moving average of $68.760.

The 52-week high of Synaptics Incorporated (NASDAQ:SYNA) was $94.480 while lowest point recorded in 52-week was $47.090. It implies if stock price makes a movement of over $-38.715, it will record a new 52-week high. In the case of +18.422% drop, it will touch a new 52-week low.

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