Reversal for Synthesis Energy Systems Inc. (NASDAQ:SYMX)?


Synthesis Energy Systems Inc. (NASDAQ:SYMX)’s sales surged 0.94% in the recent quarter to 22,000%, yielding EPS of $(0.03).

The firm generated $(1.99M) in net cash from operations in the previous quarter, bringing its balance at the close of the quarter to 6.96M%. Net change in cash balance from the preceding period was $(2.32M).

Let us look into the charts of the stock:

The Barchart Technical Opinion rating is a 100% Sell and ranks in the Top 1% of all short term signal directions. Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend. The market is approaching oversold territory. Be watchful of a trend reversal.

With that, Synthesis Energy Systems Inc. reported $35.22M in total assets at the close of the quarter. It recorded debt of -%, which was down/up growing from the previous period.

In the existing quarter, analysts are predicting EPS of $ from Synthesis Energy Systems Inc.. That compares with EPS of $(0.03) in the last quarter.

Coming to earnings, the firm recorded EPS of $-0.23 in the last financial year, while EPS for the current year is anticipated to grow 46.90% over the prior year.

EPS metric is impacted by profits a firm generates in a certain period and the number of due shares in it has in that given period. For the previous quarter where EPS was EPS $(0.03), shares outstanding were 87.18M. In that quarter, Synthesis Energy Systems Inc. incurred $29,000 in cost of sales, resulting in gross profit of $(7,000) from the sales of 22,000% it generated in the quarter.

Who owns Synthesis Energy Systems Inc.? first, of the firm?s outstanding shares, 72.80M are free float. The firm?s shares sold short are 2.11%, implying a short ratio of 5.54.

As for the title, insiders own 18.86% of the firm, with that ownership moderately being a result of 0.00% insider transactions in the previous couple of months. Institutional shareholder ownership in the stock is 27.60%, stemming from 2.96% institutional transactions in the last few months.

SES’s President and CEO to Discuss Agreement on Conference Call Webcast Today at 4:15 p.m. ET

Synthesis Energy Systems, Inc. (SES) (NASDAQ:SYMX), a global leader in clean and efficient production of low cost synthesis gas for high value energy and chemical markets, announced today that it has entered into a definitive Technology License Agreement with Australian Future Energy Pty Ltd (AFE) for a large-scale project to be located in Australia. Based on the terms of the agreement, SES will receive fees based on the licensed capacity for the project, and for the Process Design Package (PDP), totaling $27 million.