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 $122.11, up 2.62% from the previous day, and has increased 23.79% in one year. It has overperformed other stocks in the Electronics & Computer Distribution industry by 0.01 percentage points. Td Synnex stock is currently +25.98% from its 52-week low of $96.93, and -8.77% from its 52-week high of $133.85.
As of Dec 2, 2024, there are 85.09M shares of SNX outstanding. The market value of SNX is $10.39B. In the past 24 hours, 503,574 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.
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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 Due Diligence 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 15.76x, relative to Electronics & Computer Distribution industry P/E ratio of 13.71x
- SNX may be undervalued based on its P/B ratio of 1.27x, relative to Electronics & Computer Distribution industry P/B ratio of 1.37x
- SNX may be undervalued based on its PEG ratio of 0.38x
You can do additional valuation analysis on SNX's stock here.
SNX Financial Overview
Pros:
- SNX's operating cash flow of $866.45M allows it to safely service it's debt of $4.05B.
- There are more short-term assets than short-term liabilities on the SNX balance sheet.
- SNX profit margin has gone up from 1.1% to 1.2% in the past year.
- There are more short-term assets than long-term liabilities on the SNX balance sheet.
Cons:
- SNX earnings of $1.16B is not sufficient to cover its interest payments.
- Total SNX debt is higher than 5 years ago, relative to shareholder equity.
- SNX has a relatively high debt to equity ratio of 2.58.
Do Wall Street analysts think it's a good time to buy SNX stock
Out of 7 Equities analysts who give ratings on SNX, the consensus analyst rating on SNX is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent SNX Analyst Recommendations
David Vogt, a top 22% analyst from UBS maintains SNX with a strong buy rating and raises their SNX price target from $145.00 to $150.00, on Jun 26, 2024.
Joseph Cardoso, a top 38% analyst from JP Morgan maintains SNX with a hold rating and lowers their SNX price target from $126.00 to $123.00, on Jun 26, 2024.
You can dive deeper into what analysts are forecasting on the Td Synnex stock forecast page.
SNX Technical Indicators
SNX Growth Metrics
Last year, SNX earnings were $681.83M. In the past 5 year, SNX's earnings have grown by -2.77% per year. This was slower than the Electronics & Computer Distribution industry average of 7.58%.
Last year, SNX revenue was $57.02B. Over the last 5 year, SNX's revenue has increased by 20.2% per year. This was faster than the Electronics & Computer Distribution industry average of 7.08%.
You can analyze SNX's earnings and revenue performance here.
Who is buying/selling SNX?
Over the past 12 months, executives and large shareholders at SNX have sold more shares than they have bought.
Simon Leung, Chief Business Officer of SNX, was the latest SNX insider to sell. They sold $769,689.33 worth of SNX stock on Nov 6, 2024.
Learn more about who owns SNX shares here.
Does SNX provide a stable income stream?
Td Synnex pays a dividend of 1.31%, compared to the Electronics & Computer Distribution industry's average dividend yield of 2.4%. If you owned $1,000 worth of SNX stock, you would have received $13.10 last year.
Td Synnex dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more info about Td Synnex dividend yield and history here.
SNX Social Trading Data
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your SNX buy order
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a specific dollar amount limit, place a limit order.
Click the Open Trade button and your broker will execute your order.
If you need more assistance investing in stocks on eToro, click the helpful video below:
Step 6: Get key alerts regarding your investment in SNX
Now that you own some shares in SNX, you'll want to stay up-to-date on your stock purchase.
Put SNX on a watchlist to monitor your SNX stock.
SNX Feed
How to Buy Stock in Td Synnex
To reiterate, here are the 6 steps to buy 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 need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep track of your new investment in Td Synnex, get started below.
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