Synergy CHC (NASDAQ:SNYR) Stock Price Up 2.3% – Time to Buy?

Synergy CHC Corp. (NASDAQ:SNYR)’s share price rose 2.3% during mid-day trading on Tuesday . The stock traded as high as $0.2749 and last traded at $0.2680. Approximately 1,804,826 shares traded hands during trading, a decline of 74% from the average daily volume of 6,909,641 shares. The stock had previously closed at $0.2620.

Analyst Ratings Changes

SNYR has been the subject of several research reports. Ascendiant Capital Markets lifted their price objective on Synergy CHC from $5.00 to $5.50 and gave the stock a “buy” rating in a research report on Tuesday, April 14th. Weiss Ratings downgraded Synergy CHC from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Friday, April 10th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.25.

Synergy CHC Stock Performance

The company has a fifty day simple moving average of $0.55 and a two-hundred day simple moving average of $1.33. The company has a market capitalization of $4.04 million, a price-to-earnings ratio of -0.19 and a beta of -0.27.

Synergy CHC (NASDAQ:SNYR) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.26). The business had revenue of $5.49 million during the quarter. Synergy CHC had a negative net margin of 60.02% and a negative return on equity of 19.51%. As a group, analysts expect that Synergy CHC Corp. will post 0.13 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SNYR. Geode Capital Management LLC purchased a new stake in shares of Synergy CHC during the 2nd quarter valued at $29,000. DRW Securities LLC purchased a new stake in shares of Synergy CHC during the 4th quarter valued at $36,000. Virtu Financial LLC purchased a new stake in shares of Synergy CHC during the 3rd quarter valued at $38,000. XTX Topco Ltd purchased a new stake in shares of Synergy CHC during the 2nd quarter valued at $57,000. Finally, Warberg Asset Management LLC purchased a new stake in shares of Synergy CHC during the 3rd quarter valued at $82,000.

Synergy CHC Company Profile

Synergy CHC Corp. engages in the marketing and distribution of branded health and wellness products. The company was founded on December 29, 2010 and is headquartered in Westbrook, ME.