Synergy CHC (NASDAQ:SNYR) Stock Price Down 2.1% – What’s Next?
by Tristan Rich · The Markets DailySynergy CHC Corp. (NASDAQ:SNYR – Get Free Report)’s share price traded down 2.1% during mid-day trading on Friday . The stock traded as low as $1.86 and last traded at $1.86. 14,264 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 18,601 shares. The stock had previously closed at $1.90.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of Synergy CHC from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Roth Mkm lowered their price objective on Synergy CHC from $10.00 to $7.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Synergy CHC in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $7.00.
Synergy CHC Trading Down 2.1%
The firm has a market capitalization of $20.93 million, a price-to-earnings ratio of 6.41 and a beta of 3.48. The firm has a fifty day moving average price of $1.91 and a 200 day moving average price of $2.46.
Synergy CHC (NASDAQ:SNYR – Get Free Report) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $8.01 million for the quarter. Synergy CHC had a negative return on equity of 19.51% and a net margin of 7.77%. As a group, equities analysts predict that Synergy CHC Corp. will post 0.36 EPS for the current fiscal year.
Hedge Funds Weigh In On Synergy CHC
Several large investors have recently bought and sold shares of the business. Geode Capital Management LLC acquired a new stake in shares of Synergy CHC during the second quarter worth about $29,000. XTX Topco Ltd acquired a new stake in Synergy CHC during the 2nd quarter worth approximately $57,000. Sanders Morris Harris LLC raised its holdings in Synergy CHC by 5.0% during the 3rd quarter. Sanders Morris Harris LLC now owns 391,702 shares of the company’s stock worth $956,000 after buying an additional 18,701 shares during the period. Warberg Asset Management LLC bought a new position in Synergy CHC in the third quarter valued at approximately $82,000. Finally, Heartland Advisors Inc. acquired a new position in shares of Synergy CHC in the third quarter valued at approximately $1,342,000.
About Synergy CHC
Synergy CHC Corp. engages in the marketing and distribution of branded health and wellness products. The company was founded on December 29, 2010 and is headquartered in Westbrook, ME.