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Stock Charts AI Power Rank: 3.2
Power Rank trend -> Falling

Last Price: 118.25 - Change: 2.13 - Change %: 1.8343
07/26/2024 16:10:00 EST

Synnex Corporation (SNX)

Industry: Electronics & Computer Distribution

Price Support Resistance

In the past 20 trading days, SNX has been trading in a range between $118.49 and $109.30 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

The AI powered stock chart is in a Red zone currently. We would avoid this stock.

Upside / Downside Potential

Synnex Corporation $SNX entered a Red zone 23 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $113.67, a potential down side of -3.87% from the recent price of 118.25. The stock is trading 12.79% (potential upside) below its 52 week high of $133.38 and 33.22 % (potential downside) above its 52 week low of $88.76 - based on the recent price.

Company Summary

TD SYNNEX Corporation operates as a distributor and solutions aggregator for the information technology (IT) ecosystem The company offers personal computing devices and peripherals, mobile phones and accessories, printers, supplies, and endpoint technology software; and data center technologies, such as hybrid cloud, security, storage, networking, servers, technology software, and converged and hyper-converged infrastructure, as well as computing components. It also provides systems design and rack integration, build-to-order, and configure-to-order assembly; and thermal testing, power-draw testing, burn-in, and quality and logistics support.

SNX Website

News

TD SYNNEX (SNX) Up 0.2% Since Last Earnings Report: Can It Continue?
TD SYNNEX (SNX) reported earnings 30 days ago. What's next for the stock?
Source: Zacks Investment Research
Thu, 25 Jul 2024 12:30:51 -0400
Sentiment: Positive
TD SYNNEX Leaders Recognized as 2024 CRN® Inclusive Channel Leaders
FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX announced that CRN®, a brand of The Channel Company, has named seven TD SYNNEX leaders to the 2024 CRN® Inclusive Channel Leaders list.
Source: Business Wire
Tue, 09 Jul 2024 09:00:00 -0400
Sentiment: Neutral
TD SYNNEX Recognized by Dell Technologies as 2024 Distributor of the Year in Multiple Regions
FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX has been recognized as Dell Technologies' 2024 Distributor of the Year in multiple regions.
Source: Business Wire
Tue, 02 Jul 2024 09:00:00 -0400
Sentiment: Neutral
TD Synnex Corp Q2: Multiple Growth Tailwinds Ahead
I recommend a Buy rating for TD Synnex Corp. due to growth tailwinds in PC demand, AI PCs, and IT complexity from AI adoption. SNX distributes IT hardware and software solutions for the IT ecosystem, working with industry leaders like Apple, AWS, Cisco, and Google. The recent share price drop is likely due to profit taking and miss in guidance.
Source: Seeking Alpha
Fri, 28 Jun 2024 15:03:22 -0400
Sentiment: Positive
TD SYNNEX (SNX) Plunges 10% on Q2 Earnings and Revenue Miss
While an increase in gross-to-net revenue adjustments weighs on TD SYNNEX's (SNX) Q2 revenues, efficient cost management aids profitability.
Source: Zacks Investment Research
Wed, 26 Jun 2024 11:00:34 -0400
Sentiment: Neutral
Instituions Institution %: 83.318
Last QTR Institution change: -1418620

Insiders
Insiders %: 11.141
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 3571076
Insiders Net last QTR: -3571076

Analyst Ratings
Target Price: 113.67
Overall Rating: 4.3333
Strong Buys (5): 6
Buys (4): 4
Holds (3): 2
Sells (2): 0
Strong Sells (1): 0

Technicals
52 Week Hi: 133.3764
52 Week Low: 88.7615
Beta: 1.438
50 Day MA: 122.7644
200 Day MA: 108.9506

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0.175
Qtr Revenue Growth YOY: -0.008
Forward PE: 9.7656
Trailing PE: 16.5849

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