Synchrony Financial (NYSE: SYF) – Time For Strategy Change?

Synchrony Financial (NYSE:SYF) currently has a daily average trading volume of 3.50M but it saw 5320899 shares traded in last market. With a market cap of 25.36B USD, the company’s current market price of $65.13 came rising about 0.02 while comparing to the previous closing price of $65.12. In past 52 weeks, the stock remained buoying in the range of price level as high as $67.76 and as low as $28.84. In the recent trading on the day, stock has struck highest price mark of $64.9701 while lowest mark touched by it was $67.19.

Taking a look at 20-day trading activity of Synchrony Financial (SYF) gives us an average price of $58.65, while its current price level is -3.88% below from 52-week high level whereas it is 125.83% 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 $53.35 while that of 200 days or SMA-200 reads an average of $46.49. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.81% during that period while stretching the period over a month that decreases to 2.67%. 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 69.94 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 -3.53% down while it is 22.22% when we observe its performance for the past one month. Year-to-date it is 70.54% up and over the past year, the stock is showing an upside performance of 121.08%.

Currently, Synchrony Financial’s total number of outstanding shares is 406.88M. Company’s return on investment (ROI) stands at 9.87% and return on equity (ROE) at 21.28%. It has a price to earnings ratio (P/E ratio) of 8.50 while having a 10.25 of forward P/E ratio. Stock’s beta reads 1.62. Stock has a price to book (P/B) ratio of 1.72 while price to sale or P/S ratio amounts to 1.23. Its return on asset (ROA) is 2.73% on average.