How to Buy Td Synnex Stock
Td Synnex Corp
Td Synnex is a electronic & computer distribution company located in California, United States, which is part of the Technology sector, and is traded under the ticker SNX on the NYSE exchange.
Td Synnex stock last closed at $115.94, up 0.93% from the previous day, and has increased 30.75% in one year. It has underperformed other stocks in the Electronics & Computer Distribution industry by 0.04 percentage points. Td Synnex stock is currently +34.35% from its 52-week low of $86.30, and -3.28% from its 52-week high of $119.87.
As of Apr 23, 2024, there are 87.66M shares of SNX outstanding. The market value of SNX is $10.16B. In the past 24 hours, 487,875 SNX shares were traded.
How to Buy Td Synnex Stock
Not sure how to invest in Td Synnex stock? Here's how.
- Figure out where to buy Td Synnex stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you choose where to buy Td Synnex stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Choose your payment method and add your information.
- Analyze Td Synnex stock: The Td Synnex ticker symbol is SNX. Is Td Synnex stock a good investment? Should you buy shares of SNX? How do SNX's underlying business fundamentals look? Do top analysts think Td Synnex is a good buy? Why has SNX's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if SNX is a good stock to buy).
- Place your SNX buy order: Decide if you will purchase SNX shares at the current market price or use a limit order to buy SNX stock at a given price.
- Get key alerts regarding your investment in SNX: Create a watchlist to get the latest news on your position in Td Synnex shares.
Step 1: Figure out where to buy Td Synnex stock
You will need a brokerage account in order to access the NYSE market and buy SNX shares.
Our recommended brokerage: eToro
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Get $10 towards your share purchase by opening an account with eToro now.
Open eToro AccountStep 2: Open your brokerage account
Now that you've chosen the best brokerage, you'll need to fill out some personal information so you are able to buy SNX stock today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to create a new brokerage account.
- Send your data by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've finished signing up on app for investing, you need to deposit funds:
Check out the tutorial below if you need help depositing funds into your brokerage account.
Step 4: Analyze Td Synnex stock
Once you have chosen the best place to buy Td Synnex stock, it's very important to evaluate their stock before you invest, so you actually comprehend the risk as well as the upside.
Td Synnex shares at a glance
Td Synnex Zen Score
WallStreetZen was built to help everyday investors do more accurate fundamental analysis.
You can view all of the due diligence checks on SNX's stock page.
Is SNX stock undervalued or overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge SNX's true value.
Using relative valuations ratios:
- SNX may be overvalued based on its P/E ratio of 16.83x, relative to Electronics & Computer Distribution industry P/E ratio of 13.15x
- SNX may be undervalued based on its P/B ratio of 1.25x, relative to Electronics & Computer Distribution industry P/B ratio of 1.34x
You can do more valuation analysis on SNX's stock here.
A quick look at SNX Financials
Pros:
- SNX's operating cash flow of $1.89B allows it to safely service it's debt of $4.01B.
- There are more short-term assets than short-term liabilities on the SNX balance sheet.
- There are more short-term assets than long-term liabilities on the SNX balance sheet.
Cons:
- SNX earnings of $1.08B is not sufficient to cover its interest payments.
- SNX profit margin of X% has stayed the same in the past year.
- SNX has a relatively high debt to equity ratio of 2.43.
- Total SNX debt is higher than 5 years ago, relative to shareholder equity.
Do analysts think it's a good time to buy SNX stock
Out of 5 sell side analysts who give recommendations on SNX, the consensus analyst rating on Td Synnex is a Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest SNX Analyst Recommendations
Shreya Gheewala, an analyst from CFRA maintains SNX with a hold rating and raises their SNX price target from $110.00 to $113.00, on Mar 26, 2024.
You can dive deeper into what analysts are saying on the Td Synnex stock forecast page.
Metrics for Advanced SNX Traders
How is SNX performing as a company?
Last year, SNX earnings were $632.02M. During the past 5 year, SNX's earnings have gone up by -3.68% per year. This was slower than the Electronics & Computer Distribution industry average of 14.61%.
Last year, SNX revenue was $56.41B. In the last five year, SNX's revenue has grown by 22.41% per year. This was faster than the Electronics & Computer Distribution industry average of 10.18%.
You can research SNX's earnings and revenue performance here.
Latest Insiders Trades at SNX
Over the last 12 months, insiders at SNX have sold more shares than they have bought.
Dennis Polk, Head of Hyve Solutions of SNX, was the latest SNX insider to sell. They sold $1,366,018.50 worth of SNX shares on Apr 8, 2024.
Get more info about who owns SNX shares here.
Can I rely on SNX as an income stream?
Td Synnex pays a dividend of 1.29%, compared to the Electronics & Computer Distribution industry's average dividend yield of 2.34%. If you owned $1,000 worth of SNX stock, you would have been paid $12.94 in the past year.
Td Synnex dividend payments have consistently grown over the past decade but have not remained stable.
Get more analysis about Td Synnex dividend yield and history here.
What others are saying about SNX
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your SNX buy order
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the best for newer investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific dollar amount, place a limit order.
Hit the Open Trade button and your broker will execute your order.
If you need more assistance buying stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your investment in SNX
Now that you own some SNX stock, you'll want to stay up-to-date on your new shares.
Make a watchlist to track the most important metrics related to your SNX stock.
SNX Feed
How to Buy Stock in Td Synnex
To reiterate, here are the 6 steps for buying Td Synnex stock:
- Figure out where to buy Td Synnex stock
- Open your brokerage account
- Fund your brokerage account
- Analyze Td Synnex stock
- Place your SNX buy order
- Get key alerts regarding your investment in SNX
If you require a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep tabs on your new investment in Td Synnex, create your watchlist below.
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