The 36-month beta value for SNCR is at 1.94. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 as “hold,” and 2 as “sell.”
The public float for SNCR is 9.82M, and currently, shorts hold a 1.50% of that float. The average trading volume for SNCR on August 28, 2024 was 52.86K shares.
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SNCR) stock’s latest price update
Synchronoss Technologies Inc (NASDAQ: SNCR) has experienced a rise in its stock price by 7.17 compared to its previous closing price of 12.83. However, the company has seen a gain of 9.13% in its stock price over the last five trading days. zacks.com reported 2024-08-27 that Zacks.com users have recently been watching Synchronoss (SNCR) quite a bit. Thus, it is worth knowing the facts that could determine the stock’s prospects.
SNCR’s Market Performance
Synchronoss Technologies Inc (SNCR) has experienced a 9.13% rise in stock performance for the past week, with a 32.47% rise in the past month, and a 55.02% rise in the past quarter. The volatility ratio for the week is 4.72%, and the volatility levels for the past 30 days are at 7.16% for SNCR. The simple moving average for the past 20 days is 20.87% for SNCR’s stock, with a 73.17% 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 36.56% 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 -1.57% of loss for the given period.
Volatility was left at 7.16%, however, over the last 30 days, the volatility rate increased by 4.72%, as shares surge +38.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +70.81% upper at present.
During the last 5 trading sessions, SNCR rose by +9.13%, which changed the moving average for the period of 200-days by +320.88% in comparison to the 20-day moving average, which settled at $11.57. In addition, Synchronoss Technologies Inc saw 121.42% 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 B. Riley Financial, Inc., who sale 8,437 shares at the price of $12.82 back on Aug 20 ’24. After this action, B. Riley Financial, Inc. now owns 1,040,304 shares of Synchronoss Technologies Inc, valued at $108,199 using the latest closing price.
B. Riley Financial, Inc., the 10% Owner of Synchronoss Technologies Inc, sale 3,699 shares at $12.80 during a trade that took place back on Aug 21 ’24, which means that B. Riley Financial, Inc. is holding 1,036,605 shares at $47,347 based on the most recent closing price.
Stock Fundamentals for SNCR
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.66 for the gross margin
The net margin for Synchronoss Technologies Inc stands at -0.08. The total capital return value is set at 0.05. 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 0.86 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 6.3. The interest coverage ratio of the stock is 1.93.
Currently, EBITDA for the company is 12.12 million with net debt to EBITDA at 5.11. When we switch over and look at the enterprise to sales, we see a ratio of 1.84. The receivables turnover for the company is 9.24for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.78.
Conclusion
In conclusion, Synchronoss Technologies Inc (SNCR) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
