The stock of Synchronoss Technologies Inc (SNCR) has seen a -11.55% decrease in the past week, with a -17.99% drop in the past month, and a -17.65% decrease in the past quarter. The volatility ratio for the week is 8.15%, and the volatility levels for the past 30 days are at 6.31% for SNCR. The simple moving average for the past 20 days is -10.92% for SNCR’s stock, with a -1.86% simple moving average for the past 200 days.
Is It Worth Investing in Synchronoss Technologies Inc (NASDAQ: SNCR) Right Now?
Moreover, the 36-month beta value for SNCR is 2.02. Analysts have varying 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 9.87M and currently, short sellers hold a 1.10% of that float. On November 14, 2024, SNCR’s average trading volume was 116.72K shares.
SNCR) stock’s latest price update
Synchronoss Technologies Inc (NASDAQ: SNCR)’s stock price has gone decline by -11.47 in comparison to its previous close of 11.07, however, the company has experienced a -11.55% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-11-13 that Synchronoss Technologies, Inc.’s Q3 2024 results showed flat revenues and operating profitability, but market concerns over bottom-line changes led to a 10% stock drop. The company trades at a high P/E of 18.2x and EV/NOPAT of 13.5x, which seems unjustified given its leverage and competitive environment. Key risks include renegotiation of the AT&T contract, which could impact margins, and high debt costs affecting net income.
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 -20.42% 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 -36.60% of loss for the given period.
Volatility was left at 6.31%, however, over the last 30 days, the volatility rate increased by 8.15%, as shares sank -19.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.37% lower at present.
During the last 5 trading sessions, SNCR fell by -11.55%, which changed the moving average for the period of 200-days by +16.53% in comparison to the 20-day moving average, which settled at $11.00. In addition, Synchronoss Technologies Inc saw 57.81% 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 Bernstein Martin Francis, who sale 7,792 shares at the price of $13.66 back on Sep 11 ’24. After this action, Bernstein Martin Francis now owns 55,664 shares of Synchronoss Technologies Inc, valued at $106,453 using the latest closing price.
Bernstein Martin Francis, the Director of Synchronoss Technologies Inc, sale 6,036 shares at $14.14 during a trade that took place back on Sep 13 ’24, which means that Bernstein Martin Francis is holding 48,498 shares at $85,349 based on the most recent closing price.
Stock Fundamentals for SNCR
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.69 for the gross margin
The net margin for Synchronoss Technologies Inc stands at -0.1. The total capital return value is set at 0.07. 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 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 5.28. The interest coverage ratio of the stock is 4.31.
Currently, EBITDA for the company is 1.48 million with net debt to EBITDA at 11.97. When we switch over and look at the enterprise to sales, we see a ratio of 1.56. The receivables turnover for the company is 8.87for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.78.
Conclusion
To wrap up, the performance of Synchronoss Technologies Inc (SNCR) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
