Zacks: Sysorex Global Holding Corp. (NASDAQ:SYRX) Given $1.57 Average Target Price by Brokerages

Shares of Sysorex Global Holding Corp. (NASDAQ:SYRX) have been given a consensus broker rating score of 2.00 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company.

Analysts have set a 12-month consensus price objective of $1.57 for the company and are forecasting that the company will post ($0.07) EPS for the current quarter, according to Zacks. Zacks has also given Sysorex Global Holding Corp. an industry rank of 169 out of 265 based on the ratings given to related companies.

Separately, B. Riley reaffirmed a “buy” rating and issued a $2.50 price objective on shares of Sysorex Global Holding Corp. in a research note on Sunday, August 14th.

Sysorex Global Holding Corp. (NASDAQ:SYRX) opened at 0.305 on Wednesday. The company has a 50 day moving average price of $0.39 and a 200 day moving average price of $0.47. Sysorex Global Holding Corp. has a 12 month low of $0.27 and a 12 month high of $1.07. The firm’s market capitalization is $8.23 million.

Sysorex Global Holding Corp. (NASDAQ:SYRX) last released its quarterly earnings data on Thursday, August 11th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.08) by $0.03. The business earned $13.30 million during the quarter, compared to analyst estimates of $16.90 million. Sysorex Global Holding Corp. had a negative net margin of 24.93% and a negative return on equity of 59.20%. Analysts anticipate that Sysorex Global Holding Corp. will post ($0.44) earnings per share for the current fiscal year.

Sysorex Global Holding Corp. Company Profile

Sysorex Global, formerly Sysorex Global Holdings Corp., provides data analytics and location-based solutions and services to commercial and government customers across the world. The Company operates through four segments: Mobile, IoT & Big Data Products, which includes its AirPatrol product line, on-premise big data appliance product and future Sysorex owned products; Storage and Computing, which includes third-party hardware, software and related maintenance/warranty products and services that Sysorex resells; SaaS Revenues, which provides Software-as-a-Services or Internet-based hosted services, and Professional Services, which offers general information technology (IT) services.

5 Day Chart for NASDAQ:SYRX

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