Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
In the latest session, Synchronoss Technologies Inc (NASDAQ: SNCR) closed at $8.78 down -1.35% from its previous closing price of $8.90. In other words, the price has decreased by -$1.35 from its previous closing price. On the day, 53937.0 shares were traded. SNCR stock price reached its highest trading level at $8.89 during the session, while it also had its lowest trading level at $8.6131.
Ratios:
For a deeper understanding of Synchronoss Technologies Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.95. For the most recent quarter (mrq), Quick Ratio is recorded 1.88 and its Current Ratio is at 1.88. In the meantime, Its Debt-to-Equity ratio is 5.99 whereas as Long-Term Debt/Eq ratio is at 5.75.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, ROTH MKM on November 25, 2024, Upgraded its rating to Buy and sets its target price to $13 from $11 previously.
On August 10, 2021, ROTH Capital Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $9 to $3.
On June 30, 2021, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $5.25.B. Riley Securities initiated its Buy rating on June 30, 2021, with a $5.25 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 11 ’24 when Bernstein Martin Francis sold 7,792 shares for $13.66 per share. The transaction valued at 106,453 led to the insider holds 55,664 shares of the business.
Bernstein Martin Francis sold 6,036 shares of SNCR for $85,349 on Sep 13 ’24. The Director now owns 48,498 shares after completing the transaction at $14.14 per share. On Sep 12 ’24, another insider, Bernstein Martin Francis, who serves as the Director of the company, sold 1,130 shares for $13.80 each. As a result, the insider received 15,594 and left with 54,534 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SNCR now has a Market Capitalization of 95169048 and an Enterprise Value of 303645856. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.56 while its Price-to-Book (P/B) ratio in mrq is 2.70. Its current Enterprise Value per Revenue stands at 1.812 whereas that against EBITDA is 38.959.
Stock Price History:
Over the past 52 weeks, SNCR has reached a high of $15.46, while it has fallen to a 52-week low of $5.18. The 50-Day Moving Average of the stock is -10.81%, while the 200-Day Moving Average is calculated to be -13.08%.
Shares Statistics:
For the past three months, SNCR has traded an average of 75.85K shares per day and 56950 over the past ten days. A total of 10.84M shares are outstanding, with a floating share count of 9.89M. Insiders hold about 8.73% of the company’s shares, while institutions hold 47.71% stake in the company. Shares short for SNCR as of 1730332800 were 108125 with a Short Ratio of 1.48, compared to 1727654400 on 156111. Therefore, it implies a Short% of Shares Outstanding of 108125 and a Short% of Float of 1.43.
