$1.03M in average volume shows that TD Synnex Corp (SNX) is heading in the right direction

TD Synnex Corp (NYSE: SNX) kicked off on Tuesday, down -9.57% from the previous trading day, before settling in for the closing price of $129.34. Over the past 52 weeks, SNX has traded in a range of $87.68-$133.85.

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Technology Sector giant saw their annual sales surged by 30.41% over the last five years. While this was happening, its average annual earnings per share was recorded 5.25%. With a float of $77.55 million, this company’s outstanding shares have now reached $88.67 million.

The firm has a total of 23000 workers. Let’s measure their productivity.

TD Synnex Corp (SNX) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Electronics & Computer Distribution Industry. The insider ownership of TD Synnex Corp is 11.02%, while institutional ownership is 79.91%. The most recent insider transaction that took place on Jun 03 ’24, was worth 1,301,573. In this transaction Chief Executive Officer of this company sold 10,000 shares at a rate of $130.16, taking the stock ownership to the 209,363 shares. Before that another transaction happened on May 01 ’24, when Company’s Chief Executive Officer sold 10,000 for $115.79, making the entire transaction worth $1,157,920. This insider now owns 219,363 shares in total.

TD Synnex Corp (SNX) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 5.25% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.30% during the next five years compared to -1.35% drop over the previous five years of trading.

TD Synnex Corp (NYSE: SNX) Trading Performance Indicators

Take a look at TD Synnex Corp’s (SNX) current performance indicators. Last quarter, stock had a quick ratio of 0.78. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.18. Likewise, its price to free cash flow for the trailing twelve months is 5.85.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.14, a number that is poised to hit 2.83 in the next quarter and is forecasted to reach 13.02 in one year’s time.

Technical Analysis of TD Synnex Corp (SNX)

Analysing the last 5-days average volume posted by the [TD Synnex Corp, SNX], we can find that recorded value of 1.59 million was better than the volume posted last year of 0.89 million. As of the previous 9 days, the stock’s Stochastic %D was 21.15%. Additionally, its Average True Range was 2.90.

During the past 100 days, TD Synnex Corp’s (SNX) raw stochastic average was set at 51.95%, which indicates a significant increase from 1.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.04% in the past 14 days, which was higher than the 25.39% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $123.85, while its 200-day Moving Average is $107.40. Now, the first resistance to watch is $121.50. This is followed by the second major resistance level at $126.05. The third major resistance level sits at $128.48. If the price goes on to break the first support level at $114.52, it is likely to go to the next support level at $112.09. Should the price break the second support level, the third support level stands at $107.54.

TD Synnex Corp (NYSE: SNX) Key Stats

The company with the Market Capitalisation of 10.19 billion has total of 89,100K Shares Outstanding. Its annual sales at the moment are 57,555 M in contrast with the sum of 626,910 K annual income. Company’s last quarter sales were recorded 13,975 M and last quarter income was 172,130 K.