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How to buy Synalloy Corporation stock | $8.71

Own Synalloy Corporation stock in just a few minutes.

Fact checked

Synalloy Corporation is a steel business based in the US. Synalloy Corporation shares (SYNL) are listed on the NASDAQ and all prices are listed in US Dollars. Synalloy Corporation employs 606 staff and has a trailing 12-month revenue of around USD$268 million.

How to buy shares in Synalloy Corporation

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Synalloy Corporation. Find the stock by name or ticker symbol: SYNL. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Synalloy Corporation reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$8.71, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Synalloy Corporation, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Synalloy Corporation. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Synalloy Corporation share price

Use our graph to track the performance of SYNL stocks over time.

Synalloy Corporation shares at a glance

Information last updated 2021-01-12.
Latest market closeUSD$8.71
52-week rangeUSD$3.88 - USD$14.25
50-day moving average USD$7.0591
200-day moving average USD$6.3788
Wall St. target priceUSD$11
PE ratio 26.8219
Dividend yield USD$0.25 (1.87%)
Earnings per share (TTM) USD$0.494

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Synalloy Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Synalloy Corporation price performance over time

Historical closes compared with the close of $8.71 from 2021-01-11

1 week (2021-01-06) 5.58%
1 month (2020-12-13) N/A
3 months (2020-10-13) 112.44%
6 months (2020-07-13) 17.39%
1 year (2020-01-13) -32.95%
2 years (2019-01-13) N/A
3 years (2018-01-13) N/A
5 years (2016-01-13) 32.57%

Is Synalloy Corporation under- or over-valued?

Valuing Synalloy Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Synalloy Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Synalloy Corporation's P/E ratio

Synalloy Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 27x. In other words, Synalloy Corporation shares trade at around 27x recent earnings.

That's comparable to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29).

Synalloy Corporation's EBITDA

Synalloy Corporation's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$5.4 million.

The EBITDA is a measure of a Synalloy Corporation's overall financial performance and is widely used to measure a its profitability.

Synalloy Corporation financials

Revenue TTM USD$268 million
Gross profit TTM USD$30.8 million
Return on assets TTM -1.34%
Return on equity TTM -20.05%
Profit margin -7.3%
Book value $9.682
Market capitalisation USD$79.3 million

TTM: trailing 12 months

Shorting Synalloy Corporation shares

There are currently 62,901 Synalloy Corporation shares held short by investors – that's known as Synalloy Corporation's "short interest". This figure is 17.1% down from 75,891 last month.

There are a few different ways that this level of interest in shorting Synalloy Corporation shares can be evaluated.

Synalloy Corporation's "short interest ratio" (SIR)

Synalloy Corporation's "short interest ratio" (SIR) is the quantity of Synalloy Corporation shares currently shorted divided by the average quantity of Synalloy Corporation shares traded daily (recently around 57182.727272727). Synalloy Corporation's SIR currently stands at 1.1. In other words for every 100,000 Synalloy Corporation shares traded daily on the market, roughly 1100 shares are currently held short.

However Synalloy Corporation's short interest can also be evaluated against the total number of Synalloy Corporation shares, or, against the total number of tradable Synalloy Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Synalloy Corporation's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Synalloy Corporation shares in existence, roughly 10 shares are currently held short) or 0.0108% of the tradable shares (for every 100,000 tradable Synalloy Corporation shares, roughly 11 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Synalloy Corporation.

Find out more about how you can short Synalloy Corporation stock.

Synalloy Corporation share dividends

We're not expecting Synalloy Corporation to pay a dividend over the next 12 months.

Have Synalloy Corporation's shares ever split?

Synalloy Corporation's shares were split on a 3:2 basis on 13 June 1995. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Synalloy Corporation shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for Synalloy Corporation shares which in turn could have impacted Synalloy Corporation's share price.

Synalloy Corporation share price volatility

Over the last 12 months, Synalloy Corporation's shares have ranged in value from as little as $3.88 up to $14.25. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Synalloy Corporation's is 0.4832. This would suggest that Synalloy Corporation's shares are less volatile than average (for this exchange).

Synalloy Corporation overview

Synalloy Corporation manufactures and sells metals and specialty chemicals in the United States and internationally. The company's Metals segment offers stainless steel, galvanized, and other alloy pipes and tubes under the BRISMET trade name; liquid storage solutions and separation equipment; and ornamental stainless steel tubes under the ASTI trade name, as well as distributes seamless carbon pipes and tubes. It serves oil and gas, chemical, petrochemical, pulp and paper, mining, power generation, water and waste water treatment, liquid natural gas, brewery, food processing, petroleum, pharmaceutical, automotive and commercial transportation, appliance, architectural, and other heavy industries. The company's Specialty Chemicals segment produces lubricants, surfactants, defoamers, reaction intermediaries, and sulfated fats and oils for the chemical, paper, metals, mining, agricultural, fiber, paint, textile, automotive, petroleum, cosmetics, mattress, furniture, janitorial, and other industries. It also provides chemical tolling manufacturing resources to chemical companies; and contracts with other chemical companies to manufacture pre-defined products. The company was formerly known as Blackman Uhler Industries, Inc. and changed its name to Synalloy Corporation in July 1967. Synalloy Corporation was founded in 1945 and is headquartered in Richmond, Virginia.

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