Synovus Financial Corp (NYSE:SNV) shares, rose in value on Friday, January 03, with the stock price up by 2.16% to the previous day’s close as strong demand from buyers drove the stock to $51.94.
Actively observing the price movement in the last trading, the stock closed the session at $50.84, falling within a range of $50.062 and $51.96. The value of beta (5-year monthly) was 1.392 whereas the PE ratio was 23.52 over 12-month period. Referring to stock’s 52-week performance, its high was $59.92, and the low was $33.44. On the whole, SNV has fluctuated by -7.25% over the past month.
With the market capitalization of Synovus Financial Corp currently standing at about $7.36 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.52, with its dividend yield at 2.93%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.97B, with a low estimate of 559.3M and a high estimate of 569.2M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 564.08M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SNV’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.71, with the price of SNV currently trading nearly -1.57% and -3.31% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.94, while the 7-day volatility ratio is showing 2.66% which for the 30-day chart, stands at 2.83%. Furthermore, Synovus Financial Corp (SNV)’s beta value is 1.41, and its average true range (ATR) is 1.52.
A comparison of Synovus Financial Corp (SNV) with its peers suggests the former has fared considerably weaker in the market. SNV showed an intraday change of 2.16% in last session, and over the past year, it grew by 44.88%%.
Data on historical trading for Synovus Financial Corp (NYSE:SNV) indicates that the trading volumes over the past 10 days have averaged 1.22 and over the past 3 months, they’ve averaged 1.39 million. According to company’s latest data on outstanding shares, there are 142.00 million shares outstanding.
Nearly 0.61% of Synovus Financial Corp’s shares belong to company insiders and institutional investors own 85.97% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.94 million shares as on 2024-12-13, resulting in a short ratio of 2.55. According to the data, the short interest in Synovus Financial Corp (SNV) stood at 234.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 3.51 million. The stock has risen by 1.39% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SNV stock heading into the next quarter.
