On Friday, Synovus Financial Corp. (NYSE: SNV) opened higher 2.98% from the last session, before settling in for the closing price of $33.90. Price fluctuations for SNV have ranged from $24.40 to $40.92 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 14.42%. Company’s average yearly earnings per share was noted -8.11% at the time writing. With a float of $145.34 million, this company’s outstanding shares have now reached $146.71 million.
The extent of productivity of a business whose workforce counts for 4879 workers is very important to gauge.
Synovus Financial Corp. (SNV) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Banks – Regional industry is another important factor to consider. The insider ownership of Synovus Financial Corp. is 0.76%, while institutional ownership is 84.47%. The most recent insider transaction that took place on Feb 28 ’24, was worth 179,298. In this transaction Chief Accounting Officer of this company sold 4,808 shares at a rate of $37.29, taking the stock ownership to the 5,137 shares. Before that another transaction happened on Jan 24 ’24, when Company’s Director sold 4,671 for $38.62, making the entire transaction worth $180,394. This insider now owns 33,144 shares in total.
Synovus Financial Corp. (SNV) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 268.80 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -8.11% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -1.40% during the next five years compared to -0.04% drop over the previous five years of trading.
Synovus Financial Corp. (NYSE: SNV) Trading Performance Indicators
Check out the current performance indicators for Synovus Financial Corp. (SNV). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.47. Likewise, its price to free cash flow for the trailing twelve months is 5.65.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.92, a number that is poised to hit 0.93 in the next quarter and is forecasted to reach 4.37 in one year’s time.
Technical Analysis of Synovus Financial Corp. (SNV)
The latest stats from [Synovus Financial Corp., SNV] show that its last 5-days average volume of 2.58 million was superior to 1.51 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 16.78%. Additionally, its Average True Range was 1.22.
During the past 100 days, Synovus Financial Corp.’s (SNV) raw stochastic average was set at 48.10%, which indicates a significant increase from 24.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.47% in the past 14 days, which was higher than the 36.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $37.80, while its 200-day Moving Average is $33.44. Now, the first resistance to watch is $35.60. This is followed by the second major resistance level at $36.28. The third major resistance level sits at $37.36. If the price goes on to break the first support level at $33.83, it is likely to go to the next support level at $32.75. The third support level lies at $32.07 if the price breaches the second support level.
Synovus Financial Corp. (NYSE: SNV) Key Stats
There are currently 146,417K shares outstanding in the company with a market cap of 5.11 billion. Presently, the company’s annual sales total 3,454 M according to its annual income of 543,710 K. Last quarter, the company’s sales amounted to 839,770 K and its income totaled 70,340 K.
