Synchronoss Technologies Inc. (NASDAQ:SNCR) finished Friday with an addition of $0.05 to close at $0.62, an upside of 8.44 percent. An average of 544,540 shares of common stock have been traded in the last five days. There was a gain of $0.0581 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 426,445 shares traded, while the 50-day average volume stands at 362,048.
SNCR stock has decreased by -33.54% in the last month. The company shares reached their 1-month lowest point of $0.5100 on 12/27/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $0.51 and a high of $2.63 in 52 weeks. It has reached a new high 1 time so far this year and lost -74.67% or -$1.8219 in price. In spite of this, the price is down -76.50% from the 52-week high.
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SNCR stock investors should be aware that Synchronoss Technologies Inc. (SNCR) stock had its last reported insider trading activity 149 days ago on Aug 04. In this transaction, the insider spent $939. Chief Executive Officer, Miller Jeffrey George, disposed of 17,008 shares at a price of $1.43 on Mar 09. The insider now owns more than $24,236 worth of shares. Prior to that, Chief Executive Officer Miller Jeffrey George went on to Sale 2,688 shares at $2.02 each on Feb 03. An amount of $5,435 was transacted.
Synchronoss Technologies Inc. (SNCR) stock’s beta is 1.32. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.20, the price-to-book (PB) ratio at 0.81, and the price-to-cash flow ratio at 5.74.
The quick ratio of Synchronoss Technologies Inc. for the three months ended June 29 was 1.40, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.05 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $171.56 million compared to revenue of $280.62 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Synchronoss Technologies Inc.’s return on assets was -0.90%.
For the three-month period that ended June 29, Synchronoss Technologies Inc. had $134.2 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$1.28 million in the quarter, while revenues of $5.33 million were shrunk -667.97%. The analyst consensus anticipated Synchronoss Technologies Inc.’s latest quarter earnings to come in at $0.03 per share, but it turned out to be $0.1, a 233.30% surprise. For the quarter, EBITDA amounted to $9.38 million. Shareholders own equity worth $90.87 million.
From a technical analysis perspective, let’s take a brief look at Synchronoss Technologies Inc. (SNCR) price momentum. RSI 9-day as of the close on 30 December was 42.51%, suggesting the stock is Neutral, with historical volatility in this time frame at 80.06%.
As of today, SNCR’s price is $0.5895 +10.37% or $0.0581 from its 5-day moving average. SNCR is currently trading -31.32% lower than its 20-day SMA and -62.54% lower than its 100-day SMA. However, the stock’s current price level is -40.57% below the SMA50 and -62.54% below the SMA200.
The stochastic %K and %D were 30.82% and 25.84%, respectively, and the average true range (ATR) was 0.0732. With the 14-day stochastic at 49.14% and the average true range at 0.0717, the RSI (14) stands at 37.26%. The stock has reached 0.0003 on the 9-day MACD Oscillator while the 14-day reading was at -0.0257.
ROTH Capital downgraded Synchronoss Technologies Inc. (NASDAQ: SNCR) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Synchronoss Technologies Inc. (SNCR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SNCR, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is SNCR’s price target for the next 12 months?
Analysts predict a range of price targets between $1.00 and $4.60, with a median target of $3.25. Taking a look at these predictions, the average price target given by analysts for Synchronoss Technologies Inc. (SNCR) stock is $3.03.