Synnex Stock Today
| SNX Stock | USD 111.70 1.45 1.28% |
Performance7 of 100
| Odds Of DistressLess than 1
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Synnex is trading at 111.70 as of the 16th of April 2024; that is -1.28 percent decrease since the beginning of the trading day. The stock's open price was 113.15. Synnex has a very small chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Synnex are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of March 2024 and ending today, the 16th of April 2024. Click here to learn more.
Business Domain Technology Hardware & Equipment | IPO Date 25th of November 2003 | Category Technology | Classification Information Technology |
TD SYNNEX Corporation provides business process services in the United States and internationally. TD SYNNEX Corporation was incorporated in 1980 and is headquartered in Fremont, California. Synnex Corp operates under Electronics Computer Distribution classification in the United States and is traded on New York Stock Exchange. The company has 85.4 M outstanding shares of which 1.61 M shares are at this time shorted by investors with about 1.84 days to cover. More on Synnex
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Moving against Synnex Stock
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Follow Valuation Options Odds of Bankruptcy
Financial Report 25th of June 2024
Synnex Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Synnex's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Synnex or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Richard Hume | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Wholesale (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Name | STEIN MART | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Electronic Equipment, Instruments & Components, Electronics & Computer Distribution, Information Technology, NYSE Composite, SP Midcap 400, WSE WIG INDEX, Warsaw WIG80 Index, WIG Dividend, Wholesale, Information Technology, Electronic Equipment, Instruments & Components, Electronics & Computer Distribution, Technology, Computing (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Synnex report their recommendations after researching Synnex's financial statements, talking to executives and customers, or listening in on Synnex's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Synnex. The Synnex consensus assessment is calculated by taking the average forecast from all of the analysts covering Synnex. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key measurements obtained from Synnex's financial statements, Synnex is performing exceptionally good at this time. It has a great probability to report excellent financial results in May. Financial strength of Synnex is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Synnex's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Synnex's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. Synnex's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Synnex's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest. Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Synnex's financial leverage. It provides some insight into what part of Synnex's total assets is financed by creditors.
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Synnex (SNX) is traded on New York Stock Exchange in USA. It is located in 44201 Nobel Drive, Fremont, CA, United States, 94538 and employs 23,000 people. Synnex is listed under Electronic Equipment, Instruments & Components category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 9.54 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Synnex's market, we take the total number of its shares issued and multiply it by Synnex's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Synnex runs under Electronic Equipment, Instruments & Components sector within Information Technology industry. The entity has 85.4 M outstanding shares of which 1.61 M shares are at this time shorted by investors with about 1.84 days to cover.
Synnex has about 522.6 M in cash with 1.41 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.74.
Check Synnex Probability Of Bankruptcy
Ownership AllocationSynnex maintains a total of 85.4 Million outstanding shares. Over half of Synnex's outstanding shares are owned by institutional holders. These institutional holders are typically referred to as corporate investors that take positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Synnex. Please watch out for any change in the institutional holdings of Synnex as this could mean something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Synnex Ownership Details
Synnex Stock Price Odds Analysis
Based on a normal probability distribution, the odds of Synnex jumping above the current price in 90 days from now is about 11.49%. The Synnex probability density function shows the probability of Synnex stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Synnex has a beta of 0.779. This usually implies as returns on the market go up, Synnex average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Synnex will be expected to be much smaller as well. Additionally, synnex has an alpha of 0.0567, implying that it can generate a 0.0567 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Synnex to move above the current price in 90 days from now is about 11.49 (This Synnex probability density function shows the probability of Synnex Stock to fall within a particular range of prices over 90 days) .
Synnex Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Synnex that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Synnex's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Synnex's value.| Instituion | Recorded On | Shares | |
| Nordea Investment Mgmt Bank Demark A/s | 2023-12-31 | 1.1 M | |
| Jpmorgan Chase & Co | 2023-12-31 | 1.1 M | |
| Geode Capital Management, Llc | 2023-12-31 | 806.5 K | |
| Causeway Capital Management Llc | 2023-12-31 | 798.4 K | |
| Lsv Asset Management | 2023-12-31 | 741.5 K | |
| Norges Bank | 2023-12-31 | 738.8 K | |
| Principal Financial Group Inc | 2023-12-31 | 733.2 K | |
| Macquarie Group Ltd | 2023-12-31 | 664.1 K | |
| Amvescap Plc. | 2023-12-31 | 586.4 K | |
| Apollo Management Holdings, L.p. | 2023-12-31 | 28.4 M | |
| Fmr Inc | 2023-12-31 | 6.6 M |
Synnex Historical Income Statement
Synnex Income Statement is one of the three primary financial statements used for reporting Synnex's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Synnex revenue and expense. Synnex Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Synnex's Income Before Tax is fairly stable compared to the past year. Net Income is likely to rise to about 757 M in 2024, despite the fact that Total Other Income Expense Net is likely to grow to (246.7 M). View More FundamentalsSynnex Stock Against Markets
Picking the right benchmark for Synnex stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Synnex stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Synnex is critical whether you are bullish or bearish towards Synnex at a given time. Please also check how Synnex's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Synnex without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Synnex Corporate Directors
Synnex corporate directors refer to members of a Synnex board of directors. The board of directors generally takes responsibility for the Synnex's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Synnex's board members must vote for the resolution. The Synnex board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Merline Saintil | Independent Director | Profile | |
| Laurie Hodrick | Independent Director | Profile | |
| Gregory Quesnel | Independent Director | Profile | |
| Thomas Wurster | Independent Director | Profile |
How to buy Synnex Stock?
Before investing in Synnex, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Synnex. To buy Synnex stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Synnex. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Synnex stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Synnex stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Synnex stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Synnex, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Synnex Stock please use our How to Invest in Synnex guide.
Already Invested in Synnex?
The danger of trading Synnex is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Synnex is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Synnex. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Synnex is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Synnex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Synnex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Synnex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Synnex Stock: Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Synnex. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Synnex Stock please use our How to Invest in Synnex guide.You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for Synnex Stock analysis
When running Synnex's price analysis, check to measure Synnex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Synnex is operating at the current time. Most of Synnex's value examination focuses on studying past and present price action to predict the probability of Synnex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synnex's price. Additionally, you may evaluate how the addition of Synnex to your portfolios can decrease your overall portfolio volatility.
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Is Synnex's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Synnex. If investors know Synnex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Synnex listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.104 | Dividend Share 1.5 | Earnings Share 6.88 | Revenue Per Share 619.975 | Quarterly Revenue Growth (0.08) |
The market value of Synnex is measured differently than its book value, which is the value of Synnex that is recorded on the company's balance sheet. Investors also form their own opinion of Synnex's value that differs from its market value or its book value, called intrinsic value, which is Synnex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Synnex's market value can be influenced by many factors that don't directly affect Synnex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Synnex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Synnex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Synnex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.