AI Trading NASDAQ Tue, 28 Mar
Today, our highlighted asset is SYNA: Synaptics Incorporated. According to our AI strategy, investing between 2020-06-08 – 2023-02-02 could have potentially achieved a return of 399.62%. On average, each trade yielded 39.96% over 59.0 days in the long position, with a total of 10.0 positions taken.
The trading idea indicates that this stock is a STRONGBUY with a price target of 110.53299999999999 since 2023-03-27. This forecast is generated from a model with an overall accuracy of 0.65 when predicting an upward trend within the following two weeks.
Synaptics Incorporated is a leading developer of human interface solutions. The company designs, develops, manufactures, and markets human interface solutions that enable people to interact with a variety of electronic devices. Synaptics’ products include touchpads, touchscreens, and biometric authentication solutions that are used in computers, smartphones, tablets, and other consumer electronic devices. The company’s products are used by leading computer and consumer electronics manufacturers around the world. Synaptics also provides software solutions that enable OEMs to develop customized user interface solutions for their products. The company has operations in San Jose, California, and Taipei, Taiwan.
Synaptics Incorporated (SYNA) is a provider of human interface solutions that enable people to interact with a wide variety of mobile computing, communications, entertainment, and other electronic devices. The company’s shares have been trading on the NASDAQ since 1993.
The stock has seen a significant rise in its share price over the past year, as the company’s products have become increasingly popular with consumers. Since the beginning of 2019, the stock has risen from around $40 per share to a high of $112.15 in February 2020. This growth can be attributed to the success of Synaptics’ new products, such as its fingerprint scanners, touchpads, and other human-machine interface solutions.
Looking ahead, the company is well-positioned for growth, as it continues to develop new products that meet the needs of a rapidly changing technological landscape. With its products being used in a wide range of devices, from smartphones to automobiles, Synaptics is likely to remain a leader in the human-machine interface market. As the company continues to invest in research and development and launch new products, its share price could continue to rise. Therefore, investors should consider buying the stock for its potential long-term growth prospects.
Synaptics Incorporated is a leading provider of human interface solutions. The company designs, develops and markets solutions that enable people to interact more intuitively and efficiently with a variety of electronic devices. Since its founding in 1986, Synaptics has been at the forefront of innovation, leading the development of human interface solutions for a variety of devices, including smartphones, tablets, notebooks, automotive systems, wearables and digital home products.
In terms of financial performance, Synaptics has reported positive revenue growth in each of the past three years. In 2019, the company reported total revenue of $1.75 billion, up 4.6% from the prior year. Net income also rose to $108.6 million, up 7.7% from the prior year. Looking at the company’s balance sheet, Synaptics’s total assets have grown from $1.02 billion in 2017 to $1.31 billion in 2019 and total liabilities have grown from $845 million in 2017 to $1.07 billion in 2019.
Overall, Synaptics Incorporated has been performing well financially and has been able to maintain a strong balance sheet. The company’s revenue and net income have been increasing in each of the
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The Third Perspective Team