Synlogic, Inc. (NASDAQ:SYBX) is one of the best performers on the stock market today. At current price of $2.3, the shares have already added 0.23 points (11.32% higher) from its previous close of $2.07. Should you buy or avoid them? The stock sets an active trading volume day with a reported 3075425 contracts so far this session. SYBX shares had a relatively better volume day versus average trading capacity of 169.36 thousand shares, but with a 25.4 million float and a -3.27% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for SYBX stock indicates that the average analyst price target is $8.81 per share. This means the stock has a potential increase of 283.04% from where the SYBX share price has been trading recently which is between $2.07 and $2.2. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $2. Flipping the other side of the coin, an analyst who is fully bullish set a price target as high as $14.
During the recent trading session for Synlogic, Inc. (NASDAQ:SYBX), the company witnessed their stock rise $0.08 over a week and tumble down $-0.11 from the price 20 days ago. When compared to their established 52-week high of $11.43, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 02/13/19. The recent low of $1.91 stood for a -79.83% since 11/18/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 2.54 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to. At the moment, the median target price for SYBX is set at $9, a figure which is below the recent 1-year high the stock witnessed.
Looking at the current readings for Synlogic, Inc., the two-week RSI stands at 58.14. This figure suggests that SYBX stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current SYBX readings is similarly very revealing as it has a stochastic reading of 54.21% at this stage. This figure means that SYBX share price today is being neutral.
Technical chart claims that Synlogic, Inc. (SYBX) would settle between $2.16/share to $2.24/share level. However, if the stock price goes below the $2.03 mark, then the market for Synlogic, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $1.98 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.01. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Oppenheimer lowered their recommendation on shares of SYBX from Outperform to Perform in their opinion released on August 21. Jefferies, analysts launched coverage of Synlogic, Inc. (NASDAQ:SYBX) stock with a Buy recommendation, according to their flash note issued to investors on April 30. Analysts at Chardan Capital Markets, made their first call for the equity with a Buy recommendation, according to a research note that dated back to December 13.
SYBX equity has an average rating of 1.67, with the figure leaning towards a bullish end. 9 analysts who tracked the company were contacted by Reuters. Amongst them, 1 rated the stock as a hold while the remaining 8 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 7 analysts rated Synlogic, Inc. (NASDAQ:SYBX) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Synlogic, Inc. (SYBX)’s current-quarter revenues are projected to climb by nearly 368.5% to hit $520000, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over -39.3% from $2.52 million to a noteworthy $1.53 million. At the other end of the current quarter income statement, Synlogic, Inc. is expected to see its adjusted earnings surge by roughly 4.3% to hit $-0.45 per share. For the fiscal year, SYBX’s earnings are projected to climb by roughly 9.9% to hit $-1.83 per share.