Synnex Story

<div class='circular--portrait' style='background:#FF0000;color: #F8F8FF;font-size:4em;'>SC</div>
SNX -- USA Stock  

USD 121.26  0.14  0.12%

My story will break down Synnex Corp. Why are we still confident in our hopes for a recovery. On the 21st of March the company is traded for 103.20. Synnex Corp has historical hype elasticity of 0.6. The average price elasticity to hype of competition is about -0.21. The entity is estimated to increase in value after the next headline, with the price going to jump to 103.8. The average volatility of media hype impact on Synnex Corp stock price is about 143.75%. The price jump on the next news is projected to be 0.58%, whereas the daily expected return is at this time at 0.42%. The volatility of related hype on Synnex Corp is about 420.73% with expected price after next announcement by competition of 102.99 Considering the 30-day investment horizon the next estimated press release will be in about 8 days.
Published over three weeks ago
View all stories for Synnex Corp | View All Stories
Is Synnex Corp (NYSE:SNX) gaining more confidence from investors?
Macroaxis provides recommendation on Synnex Corp to complement and cross-verify current analyst consensus on Synnex Corp. Our trade recommendation engine determines the firm's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon.
The successful prediction of Synnex Corp stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Synnex Corp, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Synnex Corp based on Synnex Corp hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Synnex Corp's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Synnex Corp's related companies.

Use Technical Analysis to project Synnex expected Price

Synnex Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Synnex Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Synnex Corp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

How Synnex utilizes its cash?

To perform a cash flow analysis of Synnex Corp, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Synnex Corp is receiving and how much cash it distributes out in a given period. The Synnex Corp cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Synnex Corp Net Cash Flow from Operations is fairly stable at the moment as compared to the past year. Synnex Corp reported Net Cash Flow from Operations of 1.65 Billion in 2020

Synnex Corp exotic insider transaction detected

Legal trades by Synnex Corp insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Synnex insider trading alert for general transaction of common stock by Kevin Murai, the corporate stakeholder, on 14th of April 2021. This event was filed by Synnex Corp with SEC on 2021-04-14. Statement of changes in beneficial ownership - SEC Form 4. Kevin Murai currently serves as ceo and president director and chairman of executive committee of Synnex Corp [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Breaking it down a bit more

The entity reported the last year's revenue of 24.68 B. Total Income to common stockholders was 523.28 M with profit before taxes, overhead, and interest of 2.92 B.
 2020 2021 (projected)
Consolidated Income211.5 M228.2 M
Direct Expenses19.65 B16.15 B

Cost of Revenue Breakdown

Synnex Corp Cost of Revenue yearly trend continues to be fairly stable with very little volatility. Cost of Revenue will likely drop to about 9.3 B in 2021. Cost of Revenue usually refers to the aggregate cost of goods produced and sold and services rendered during the reporting period. Synnex Corp Cost of Revenue is fairly stable at the moment as compared to the past year. Synnex Corp reported Cost of Revenue of 11.5 Billion in 2020
2010
2011
2012
2013
2014
2015
2020
2021
20103.06 Billion
20119.63 Billion
201210.19 Billion
201312.74 Billion
201412.15 Billion
201512.78 Billion
202011.5 Billion
20219.3 Billion

Synnex Corp is projected to stay under $105 in April

Potential upside is down to 4.3. It may suggest a possible volatility slide. Synnex Corp has relatively low volatility with skewness of 0.52 and kurtosis of 0.3. However, we advise all investors to independently investigate Synnex Corp to ensure all accessible information is consistent with the expectations about its upside potential and future expected returns. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Synnex Corp's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Synnex Corp's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

While some firms under the information technology services industry are still a bit expensive, Synnex Corp may offer a potential longer-term growth to investors. On the whole, as of the 21st of March 2021, we see that Synnex Corp follows the market closely. The company is undervalued with low probability of bankruptcy within the next 24 months. Our present 30 days buy-hold-sell recommendation on the company is Strong Buy.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Synnex Corp. Please refer to our Terms of Use for any information regarding our disclosure principles.

Would you like to provide feedback on the content of this article?

You can get in touch with us directly or send us a quick note via email to editors@macroaxis.com