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The Rejuvenation of Syndax Pharmaceuticals Inc. (NASDAQ:SNDX)

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Syndax Pharmaceuticals Inc. (SNDX) shares are trading at lower $17.28 and the avg recommendation for the stock is Strong Buy, while the current analyst price target stands at $23.00.

To add more color to this target, the company’s high over the last year is $21.97 and the low is $5.35. Over the last 52 weeks, SNDX is up 163.01% while the S&P 500 is up 14.78%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, SNDX reported a profit of $16.99 million. Syndax Pharmaceuticals Inc. also saw revenues increase to $0.38 million. In addition, SNDX has free cash flow of -$37.33 million as of 06-2020. The company’s EBITDA came in at -$16.67 million which compares well with its peers.

SNDX Return on Equity (ROE) is -91.10%, and its Return on Assets is -57.60%. All told, it is clear that, SNDX needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SNDX has a short ratio of 14.01 and outstanding shares of 40.61M.

Company Outlook

SNDX has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.53 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.83. Syndax Pharmaceuticals Inc. SNDX also noted assets of $192.63 million at the end of the last quarter. Investors should also keep an eye on sector updates as SNDX has historically followed its peers on positive news.

All told, Syndax Pharmaceuticals Inc. SNDX has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SNDX represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Syndax Pharmaceuticals Inc. SNDX is now commanding a market cap of 630.20M and a float of 35.56M. SNDX is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SNDX stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in SNDX, either long or short, and we have not been compensated for this article.

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