Synchrony Financial (NYSE: SYF) Emerges As Guiding Light For Investors

Synchrony Financial (NYSE:SYF) currently has a daily average trading volume of 3.41M but it saw 3034039 shares traded in last market. With a market cap of 19.60B USD, the company’s current market price of $49.58 came rising about 1.16 while comparing to the previous closing price of $49.01. In past 52 weeks, the stock remained buoying in the range of price level as high as $52.67 and as low as $27.30. In the recent trading on the day, stock has struck highest price mark of $48.89 while lowest mark touched by it was $50.265.

Taking a look at 20-day trading activity of Synchrony Financial (SYF) gives us an average price of $48.50, while its current price level is -5.87% below from 52-week high level whereas it is 81.64% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $48.11 while that of 200 days or SMA-200 reads an average of $43.70. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.51% during that period while stretching the period over a month that increases to 3.02%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 54.69 which implies that the stock is in neutral territory.

BofA Securities upgraded its recommendation for the stock as a “Buy” from “Neutral” on August 09, 2024 while assigning a price target of $54. Compass Point issued its recommendations for the stock as it initiated the price target for the stock is $56.

Over the week, SYF’s stock price is moving 2.86% up while it is 0.57% when we observe its performance for the past one month. Year-to-date it is 29.82% up and over the past year, the stock is showing an upside performance of 63.25%.

Currently, Synchrony Financial’s total number of outstanding shares is 406.88M. Company’s return on investment (ROI) stands at 10.11% and return on equity (ROE) at 20.77%. It has a price to earnings ratio (P/E ratio) of 6.88 while having a 8.30 of forward P/E ratio. Stock’s beta reads 1.61. Stock has a price to book (P/B) ratio of 1.37 while price to sale or P/S ratio amounts to 0.98. Its return on asset (ROA) is 2.62% on average.