Syndax Pharmaceuticals Inc (NASDAQ: SNDX): Analyst View Points To Future Growth

Syndax Pharmaceuticals Inc (SNDX) concluded trading on Thursday at a closing price of $12.85, with 4.33 million shares of worth about $55.7 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -35.91% during that period and on December 19, 2024 the price saw a loss of about -2.95%. Currently the company’s common shares owned by public are about 85.57M shares, out of which, 81.08M shares are available for trading.

Stock saw a price change of -4.60% in past 5 days and over the past one month there was a price change of -18.52%. Year-to-date (YTD), SNDX shares are showing a performance of -40.54% which decreased to -37.19% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.08 but also hit the highest price of $25.34 during that period. The average intraday trading volume for Syndax Pharmaceuticals Inc shares is 1.59 million. The stock is currently trading -16.52% below its 20-day simple moving average (SMA20), while that difference is down -26.37% for SMA50 and it goes to -35.97% lower than SMA200.

Syndax Pharmaceuticals Inc (NASDAQ: SNDX) currently have 85.57M outstanding shares and institutions hold larger chunk of about 100.30% of that.

The stock has a current market capitalization of $1.10B and its 3Y-monthly beta is at 0.89. It has posted earnings per share of -$3.63 in the same period. It has Quick Ratio of 6.99 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SNDX, volatility over the week remained 5.12% while standing at 5.63% over the month.

Stock’s fiscal year EPS is expected to drop by -21.37% while it is estimated to decrease by -3.82% in next year. EPS is likely to grow at an annualized rate of 23.50% for next 5-years, compared to annual growth of -0.41% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on October 24, 2024 offering a Buy rating for the stock and assigned a target price of $37 to it. Coverage by Jefferies stated Syndax Pharmaceuticals Inc (SNDX) stock as a Buy in their note to investors on June 28, 2024, suggesting a price target of $37 for the stock. On January 31, 2024, Scotiabank Downgrade their recommendations, while on December 22, 2023, Mizuho Initiated their ratings for the stock with a price target of $45. Stock get a Buy rating from BofA Securities on October 25, 2023.

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