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Syndax Pharmaceuticals Inc. (NASDAQ:SNDX) shares, rose in value on Wednesday, 11/24/21, with the stock price down by -1.46% to the previous day’s close as strong demand from buyers drove the stock to $16.83.

Actively observing the price movement in the last trading, the stock closed the session at $17.08, falling within a range of $16.60 and $18.00. The value of beta (5-year monthly) was 1.64. Referring to stock’s 52-week performance, its high was $27.85, and the low was $13.02. On the whole, SNDX has fluctuated by -11.88% over the past month.

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With the market capitalization of Syndax Pharmaceuticals Inc. currently standing at about $835.44 million, investors are eagerly awaiting this quarter’s results, scheduled for Nov 01, 2021 – Nov 05, 2021. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.63, which is expected to increase to -$0.62 for fiscal year -$2.3 and then to about -$2.39 by fiscal year 2022. Data indicates that the EPS growth is expected to be -23.00% in 2022, while the next year’s EPS growth is forecast to be -3.90%.

According to the average forecast, sales growth in current quarter could jump down -42.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $1.41 million, representing a decrease of -7.10% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SNDX’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SNDX currently trading nearly -7.42% and -9.07% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.25, while the 7-day volatility ratio is showing 5.92% which for the 30-day chart, stands at 6.11%. Furthermore, Syndax Pharmaceuticals Inc. (SNDX)’s beta value is 1.44, and its average true range (ATR) is 0.97.

A comparison of Syndax Pharmaceuticals Inc. (SNDX) with its peers suggests the former has fared considerably weaker in the market. SNDX showed an intraday change of -1.46% in last session, and over the past year, it shrunk by -24.19%%. On the other hand, the price of Omeros Corporation (OMER) has risen 1.30% on the day. The stock, however, is off -31.40% from where it was a year ago. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.23%. Meanwhile, the Dow Jones Industrial Slipped by -0.03%.

Data on historical trading for Syndax Pharmaceuticals Inc. (NASDAQ:SNDX) indicates that the trading volumes over the past 10 days have averaged 0.42 million and over the past 3 months, they’ve averaged 536.66K. According to company’s latest data on outstanding shares, there are 51.96 million shares outstanding.

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Nearly 0.30% of Syndax Pharmaceuticals Inc.’s shares belong to company insiders. The data on short interest also indicates that stock shorts accounted for 7.72 million shares as on Jun 14, 2021, resulting in a short ratio of 19.05. According to the data, the short interest in Syndax Pharmaceuticals Inc. (SNDX) stood at 15.99% of shares outstanding as of Jun 14, 2021; the number of short shares registered in May 13, 2021 reached 7.25 million. The stock has fallen by -24.33% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SNDX stock heading into the next quarter.