TD SYNNEX (SNX)

Financial Performance

TD SYNNEX has demonstrated a positive financial performance with a revenue of $14.7B in the last quarter, marking an increase of 5.3% from the previous quarter and 1.9% YoY growth. Their gross profit was $961M, up by 10.9% from the previous quarter but down by -5.6% YoY, which might need to be looked at closely for future profitability concerns. The operating income profit stood at $302.9M, showing a marginal increase of 0.5% QoQ and a healthy rise of 5.6% YoY.

The EBITDA ratio is at 0.03 which indicates that they're generating profits from their operations.

Stock Price

The stock price currently stands at $134.01 and has risen by an impressive 8.7% in the last month and a substantial growth of 30.6% YoY indicating strong market confidence in TD SYNNEX's prospects.

The RSI value is currently high at overbought level (76), suggesting it may face some short-term pullback; however, with its solid fundamentals this could also indicate strength in trend continuation as well.

Alternative Data Signals

In terms of alternative data signals, TD SYNNEX's web traffic is increasing gradually with an estimated monthly visitor count of around 812175 visitors per month, representing a moderate MoM growth rate of .3%, and significant YoY growth rate of about 30%. This suggests increased interest or engagement with the company online.

The number job openings have also increased significantly both MoM (18%) and YoY (12%), suggesting a healthy business expansion. The positive business outlook reported by 65% of TD SYNNEX's employees is also an encouraging sign.

Furthermore, the company has seen substantial growth in its social media followers across all platforms over the last 90 days, which can be a good indicator of brand strength and consumer interest.

Conclusion

In conclusion, TD SYNNEX's stock performance appears to be strong with solid financial performance and positive alternative data signals. However, investors should keep an eye on the RSI levels as they are currently quite high indicating that it may face some short-term pullback. Overall, the analysis leans towards bullish sentiment for TD SYNNEX's stock.

Note: This AI Stock Analysis is based on data as of January 14. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of TD SYNNEX (SNX), currently trading at $137.4, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.