Synchrony Financial (NYSE:SYF) shares, rose in value, with the stock price down by -3.40% to the previous day’s close as strong demand from buyers drove the stock to $41.78.
Actively observing the price movement in the last trading, the stock closed the session at $43.25. The value of beta (5-year monthly) was 1.61 whereas the PE ratio was 8.07 over 12-month period. Referring to stock’s 52-week performance, its high was $43.83, and the low was $26.59. On the whole, SYF has fluctuated by 6.23% over the past month.
With the market capitalization of Synchrony Financial currently standing at about $17.00 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 17, 2024 – Apr 22, 2024. The company’s Forward Dividend Ratio is 0.98, with its dividend yield at 2.35%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.52, which is expected to increase to $1.98 for fiscal year $5.57 and then to about $6.13 by fiscal year 2025. Data indicates that the EPS growth is expected to be 7.30% in 2025, while the next year’s EPS growth is forecast to be 10.10%.
Analysts have estimated the company’s revenue for the quarter at $4.46 billion, with a low estimate of $4.38 billion and a high estimate of $4.55 billion. According to the average forecast, sales growth in current quarter could jump up 10.40%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $18.13 billion, representing an increase of 6.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that SYF’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% 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 0, with the price of SYF currently trading nearly 1.61% and 6.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.59, while the 7-day volatility ratio is showing 2.35% which for the 30-day chart, stands at 2.08%. Furthermore, Synchrony Financial (SYF)’s beta value is 1.61, and its average true range (ATR) is 0.92.
A comparison of Synchrony Financial (SYF) with its peers suggests the former has fared considerably weaker in the market. SYF showed an intraday change of -3.40% in last session, and over the past year, it grew by 44.57%%.
Data on historical trading for Synchrony Financial (NYSE:SYF) indicates that the trading volumes over the past 10 days have averaged 4.77 million and over the past 3 months, they’ve averaged 4.35 million. According to company’s latest data on outstanding shares, there are 406.88 million shares outstanding.
Nearly 0.76% of Synchrony Financial’s shares belong to company insiders and institutional investors own 98.94% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 12.46 million shares as on Feb 29, 2024, resulting in a short ratio of 3.03. According to the data, the short interest in Synchrony Financial (SYF) stood at 3.06% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 11.98 million. The stock has risen by 9.40% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SYF stock heading into the next quarter.
