Synchronoss Technologies, Inc. (SNCR) Stock: A Technology Stock That’s Seeing Gains

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Synchronoss Technologies, Inc. (SNCR) is headed up in the market today. The stock, focused in the technology industry, is presently trading at $6.91 after gaining 5.66% so far today. In terms of technology companies, there are quite a few factors that have the ability to cause price movement in the market. News is one of the most common reasons for movement. Here are the most recent trending headlines associated with SNCR:

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Jun-06-19 04:58PM Why Synchronoss Technologies Stock Popped Today
May-30-19 04:10PM Synchronoss Technologies to host Investor Day in NYC
May-24-19 04:30PM Synchronoss Technologies, Inc. Reports Inducement Grants to Employees Under Nasdaq Listing Rule 5635(c)(4)
May-21-19 09:29PM Edited Transcript of SNCR earnings conference call or presentation 9-May-19 9:00pm GMT
May-16-19 09:00AM Synchronoss Technologies to Present at the Needham Emerging Technology Conference

Nonetheless, when making a decision to invest, investors should look into much more than news, especially in the ever evolving tech sector. Here’s what’s happening with Synchronoss Technologies, Inc..

The Performance That We’ve Seen From SNCR

While a move up on a single session, like the gain that we’re seeing from Synchronoss Technologies, Inc. might cause excitement in some investors, a single session gain alone shouldn’t be the basis of a decision to, or not to, buy a company’s stock. It’s generally smart to dig into trends beyond a single session. As it relates to SNCR, below are the movements that we’ve seen:

  • Past 5 Sessions – Throughout the past seven days, SNCR has generated a change in price in the amount of 11.45%.
  • Past 30 Days – The performance from Synchronoss Technologies, Inc. throughout the last month has been 8.31%.
  • Past 3 Months – In the past three months, the company has produced a return on investment that comes to 3.29%
  • Past Six Months – Throughout the last 6 months, we’ve seen a performance that equates to 13.46% from the stock.
  • Year To Date – Since the the first trading session of this year SNCR has generated a ROI of 12.54%.
  • Annually – Lastly, throughout the past full year, we’ve seen movement that comes to 15.36% out of SNCR. Throughout this period of time, the stock has sold at a high price of -18.61% and a low of 77.18%.

Ratios Worth Watching

Looking at a few ratios associated with a company generally gives traders a look of how risky and/or rewarding a an investment option may be. Below are some of the key ratios to look at when digging into SNCR.

Short Ratio – The short ratio is a measure of short interest. As the short ratio goes higher, it shows that more investors have a belief that the price of the stock is going to tumble. In general, strong technology stocks tend to carry a lower short ratio. On the other hand, we also tend to see quite a few short squeezes in the sector. Nonetheless, in regard to Synchronoss Technologies, Inc., the stock’s short ratio comes to 4.08.

Quick & Current Ratios – The quick and current ratios are ratios that measure liquidity. Essentially, they measure If a company is able to cover its debts as they mature using quick assets or current assets. In the technology space, several companies are reliant on continued investor support as they work to bring new technologies to market, the current and quick ratios can seem bad. However, several good picks in the technology sector do have strong current and quick ratios. As it relates to SNCR, the quick and current ratios work out to 1.20 and 1.20 respectively.  

Book To Share Value – The book to share value compares the value of assets owned by the company to the share price. as it relates to Synchronoss Technologies, Inc., that ratio equates to 4.20.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the price of the company’s stock. As it relates to SNCR, the cash to share value is 2.45.

Investors Tend To Follow The Big Money

One thing that I have learned in my brief time alive, or somewhat alive has been that smart investors tend to follow big money players. So, investors that want to keep their investments relatively safe will keep their eyes on moves made by institutions and insiders. With that said, what does the big money picture look like when it comes to SNCR? Here’s the information:

  • Institutional Investors – As it stands now, institutions own 46.90% of Synchronoss Technologies, Inc.. Nonetheless, it is worth noting that the ownership held by institutions has moved in the amount of 5.41% over the last quarter.
  • Investors On The Inside – with regard to insiders, those close to the company currently hold 2.30% of Synchronoss Technologies, Inc.. Insider ownership of the company has seen a change of 0 throughout the last 3 months.

Analyst Opinions With Regard To Synchronoss Technologies, Inc.

While it’s never a good idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a smart idea to consider their thoughts when validating your own before making investment decisions in the tech space. Here are the recent moves that we’ve seen from analysts with regard to SNCR.

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Dec-10-18 Upgrade Stifel Sell → Hold

Earnings

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-1.42. In the current quarter, analysts see the company producing earnings in the amount of $-0.52. Over the last 5 years, SNCR has generated revenue in the amount of $-1.40% with earnings coming in at -67.40%. On a quarter over quarter basis, earnings have seen movement of 27.90% and revenue has seen movement of 5.30%.

Looking At Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 44.27M shares of Synchronoss Technologies, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, SNCR has a float of 37.33M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to SNCR, the short percent of the float is 3.77%.

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