Synchronoss Technologies Inc (NASDAQ: SNCR) has experienced a rise in its stock price by 14.87 compared to its previous closing price of 9.75. However, the company has seen a gain of 11.33% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-07 that Synchronoss Technologies, Inc. showed a positive second quarter with improved margins and revenue growth. The company restructured debt, reducing interest expenses and improving its financial position. Synchronoss Technologies’ valuation remains rational but not attractive due to high leverage and uncertain revenue growth prospects.
Is It Worth Investing in Synchronoss Technologies Inc (NASDAQ: SNCR) Right Now?
Company’s 36-month beta value is 1.90.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 2 as “sell.”
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The public float for SNCR is 9.80M, and currently, short sellers hold a 1.33% ratio of that floaft. The average trading volume of SNCR on August 09, 2024 was 41.90K shares.
SNCR’s Market Performance
SNCR’s stock has seen a 11.33% increase for the week, with a 22.40% rise in the past month and a 24.44% gain in the past quarter. The volatility ratio for the week is 11.51%, and the volatility levels for the past 30 days are at 7.85% for Synchronoss Technologies Inc The simple moving average for the past 20 days is 12.76% for SNCR’s stock, with a 51.09% simple moving average for the past 200 days.
Analysts’ Opinion of SNCR
Many brokerage firms have already submitted their reports for SNCR stocks, with ROTH Capital repeating the rating for SNCR by listing it as a “Neutral.” The predicted price for SNCR in the upcoming period, according to ROTH Capital is $3 based on the research report published on August 10, 2021 of the previous year 2021.
B. Riley Securities, on the other hand, stated in their research note that they expect to see SNCR reach a price target of $5.25. The rating they have provided for SNCR stocks is “Buy” according to the report published on June 30th, 2021.
Ladenburg Thalmann gave a rating of “Buy” to SNCR, setting the target price at $8 in the report published on August 25th of the previous year.
SNCR Trading at 21.29% from the 50-Day Moving Average
After a stumble in the market that brought SNCR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.82% of loss for the given period.
Volatility was left at 7.85%, however, over the last 30 days, the volatility rate increased by 11.51%, as shares surge +22.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.27% upper at present.
During the last 5 trading sessions, SNCR rose by +11.33%, which changed the moving average for the period of 200-days by +165.00% in comparison to the 20-day moving average, which settled at $10.03. In addition, Synchronoss Technologies Inc saw 80.35% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SNCR starting from Waldis Stephen G, who sale 2,416 shares at the price of $6.43 back on Apr 30 ’24. After this action, Waldis Stephen G now owns 107,649 shares of Synchronoss Technologies Inc, valued at $15,542 using the latest closing price.
Harris Laurie, the Director of Synchronoss Technologies Inc, sale 4,809 shares at $6.45 during a trade that took place back on Apr 29 ’24, which means that Harris Laurie is holding 42,319 shares at $31,018 based on the most recent closing price.
Stock Fundamentals for SNCR
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.66 for the gross margin
The net margin for Synchronoss Technologies Inc stands at -0.11. The total capital return value is set at 0.01. Equity return is now at value -13.98, with -3.09 for asset returns.
Based on Synchronoss Technologies Inc (SNCR), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 1.73. The interest coverage ratio of the stock is 0.12.
Currently, EBITDA for the company is 12.12 million with net debt to EBITDA at 5.02. When we switch over and look at the enterprise to sales, we see a ratio of 1.34. The receivables turnover for the company is 8.88for trailing twelve months and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.03.
Conclusion
In a nutshell, Synchronoss Technologies Inc (SNCR) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
