During the last session, Syndax Pharmaceuticals Inc (NASDAQ:SNDX)’s traded shares were 1.01 million, with the beta value of the company hitting 0.88. At the end of the trading day, the stock’s price was $15.14, reflecting an intraday loss of -5.11% or -$0.81. The 52-week high for the SNDX share is $25.34, that puts it down -67.37 from that peak though still a striking 1.12% gain since the share price plummeted to a 52-week low of $14.97. The company’s market capitalization is $1.29B, and the average intraday trading volume over the past 10 days was 3.0 million shares, and the average trade volume was 1.28 million shares over the past three months.
Syndax Pharmaceuticals Inc (SNDX) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.20. SNDX has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.11.
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Syndax Pharmaceuticals Inc (NASDAQ:SNDX) trade information
Syndax Pharmaceuticals Inc (SNDX) registered a -5.11% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -5.11% in intraday trading to $15.14, hitting a weekly high. The stock’s 5-day price performance is -9.86%, and it has moved by -18.37% in 30 days. Based on these gigs, the overall price performance for the year is -1.27%. The short interest in Syndax Pharmaceuticals Inc (NASDAQ:SNDX) is 10.66 million shares and it means that shorts have 14.84 day(s) to cover.
The consensus price target of analysts on Wall Street is $35.5, which implies an increase of 57.35% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $18 and $41 respectively. As a result, SNDX is trading at a discount of -170.81% off the target high and -18.89% off the low.
Syndax Pharmaceuticals Inc (SNDX) estimates and forecasts
Statistics show that Syndax Pharmaceuticals Inc has underperformed its competitors in share price, compared to the industry in which it operates. Syndax Pharmaceuticals Inc (SNDX) shares have gone down -24.74% during the last six months, with a year-to-date growth rate less than the industry average at -23.83% against 18.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 111.18% this quarter and then drop -33.24% in the quarter after that.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 115.23M as predicted by 12 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 16.14M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -0.41%. While earnings are projected to return -21.36% in 2024, the next five years will return 23.50% per annum.
SNDX Dividends
Syndax Pharmaceuticals Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Syndax Pharmaceuticals Inc (NASDAQ:SNDX)’s Major holders
Syndax Pharmaceuticals Inc insiders own 0.81% of total outstanding shares while institutional holders control 106.61%, with the float percentage being 107.49%. BLACKROCK INC. is the largest shareholder of the company, while 296.0 institutions own stock in it. As of 2024-06-30, the company held over 7.91 million shares (or 9.2788% of all shares), a total value of $162.33 million in shares.
The next largest institutional holding, with 7.34 million shares, is of WELLINGTON MANAGEMENT GROUP LLP’s that is approximately 8.6125% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $150.67 million.
Also, the Mutual Funds coming in first place with the largest holdings of Syndax Pharmaceuticals Inc (SNDX) shares are Vanguard Specialized-Health Care Fund and Vanguard Total Stock Market Index Fund. Data provided on Jul 31, 2024 indicates that Vanguard Specialized-Health Care Fund owns about 4.25 shares. This amounts to just over 4.98 percent of the company’s overall shares, with a $64.8 million market value. The same data shows that the other fund manager holds slightly less at 2.59, or about 3.04% of the stock, which is worth about $39.55 million.
