SNEX Stock Summary and Trading Ideas (Stonex Group | NASDAQ:SNEX)

StoneX Group Inc is a Global brokerage and financial services firm. Its service offerings are execution, OTC / Market-Making, advisory services, Global payment solutions, market intelligence, Physical Trading and clearing services. The firm operates in four segments: Commercial, Institutional, Self-Directed/Retail, and Payments. Its customers include governmental and nongovernmental organizations, commercial banks, brokers, institutional investors, and investment banks. The company operates in the United States, South America, Europe, the Middle East and Asia, and other countries, out of which the majority of revenue is generated from the Middle East and Asia Region.

Stonex Group trades on the NASDAQ stock market under the symbol SNEX.

As of December 11, 2024, SNEX stock price climbed to $102.85 with 118,377 million shares trading.

SNEX has a beta of 0.97, meaning it tends to be less sensitive to market movements. SNEX has a correlation of 0.21 to the broad based SPY ETF.

SNEX has a market cap of $3.28 billion. This is considered a Mid Cap stock.

Last quarter Stonex Group reported $920 million in Revenue and $2.42 earnings per share. This beat revenue expectation by $457 million and exceeded earnings estimates by $.37.

In the last 3 years, SNEX traded as high as $106.77 and as low as $37.25.

The top ETF exchange traded funds that SNEX belongs to (by Net Assets): IJR, IWM, VTI, AVUV, VXF.

SNEX has outperformed the market in the last year with a return of +60.3%, while the SPY ETF gained +33.5%. In the last 3 month period, SNEX beat the market returning +32.8%, while SPY returned +11.0%. However, in the most recent 2 weeks SNEX has underperformed the stock market by returning -1.5%, while SPY returned +1.1%.

SNEX support price is $100.46 and resistance is $103.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SNEX shares will trade within this expected range on the day.