Synchronoss Technologies, Inc. (SNCR) Stock: Why It’s Gaining In Value

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Synchronoss Technologies, Inc. (SNCR) is making a move up in the market in today’s trading session. The company, focused in the technology industry, is currently priced at $4.27 after climbing 10.62% so far in today’s session. As it relates to tech stocks, there are quite a few aspects that have the potential to cause price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent trending headlines surrounding SNCR:

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Nov-07-19 01:22PM Edited Transcript of SNCR earnings conference call or presentation 4-Nov-19 10:00pm GMT
Nov-06-19 05:59PM Were Hedge Funds Right About Dumping Synchronoss Technologies (SNCR)?
Nov-04-19 05:25PM Synchronoss (SNCR) Reports Q3 Loss, Lags Revenue Estimates
04:00PM Synchronoss Technologies Announces Third Quarter 2019 Results; Signs New U.S.-based Tier 1 Cloud Customer; And Provides Update on relationship with Sequential Technology International
08:30AM Indosat Ooredoo and Synchronoss partner for unified customer engagement and new digital economy ecosystem

Nonetheless, when making a decision with regard to investing, prospective investors should look at far more than just news, especially in the ever evolving technology industry. Here’s what’s happing when it comes to Synchronoss Technologies, Inc..

Performance Trends That We’ve Seen From SNCR

Although a single session gain, like the gain that we’re seeing from Synchronoss Technologies, Inc. may cause excitement in some investors, a single session gain by itself shouldn’t be the basis of a decision to, or not to, buy a company’s stock. It is always smart to look into trends beyond a single trading day. As it relates to SNCR, here are the returns on investment that we’ve seen:

  • Past 5 Trading Sessions – In the last 7 days, SNCR has seen a price change that amounts to -30.23%.
  • Past 30 Days – The monthly returns from Synchronoss Technologies, Inc. works out to -23.75%.
  • Past 3 Months – Over the past quarter, the company has generated a ROI that comes to -51.48%
  • Bi-Annually – Over the last 6 months, we’ve seen a change that amounts to -33.07% from the company.
  • YTD – Since the open of this year SNCR has generated a ROI of -30.46%.
  • Annually – Lastly, in the last full year, investors have seen a change that works out to -30.34% out of SNCR. In this period of time, the stock has sold at a high of -52.82% and a low of 12.07%.

Rations That Investors Should Think About

Looking at various key ratios having to do with a company generally gives traders a view of how dangerous and/or rewarding a an investment option might be. Below are a few of the most important ratios to think about when digging into SNCR.

Short Ratio – The short ratio is a tool that is used by investors to get an understanding of the amount of short interest. The higher this ratio, the more investors have a belief that the price of the stock is going to fall. In general, strong technology stocks tend to have a lower short ratio. On the other hand, we also tend to see a lot of short squeezes in the space. Nonetheless, when it comes to Synchronoss Technologies, Inc., the stock’s short ratio comes to 12.61.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Basically, they measure If a company is able to pay its debts when they come due based on current assets or quick assets. Because in tech, companies rely heavily on continued investor support as they work to bring new technologies to market, the quick and current ratios can be upsetting. Nonetheless, some better companies in the technology industry come with 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 the share price to the current book value of assets that are owned by the company. as it relates to Synchronoss Technologies, Inc., the book to share value ratio equates to 3.71.

Cash To Share Value – Finally, the cash to share value ratio compares the total cash on hand to the price of shares. As it relates to SNCR, the cash to share value is 1.80.

What Institutions And Insiders Think Of Synchronoss Technologies, Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in SNCR, here’s what we’re seeing:

  • Institutions – Currently, institutions own 48.40% of the company. However, it’s worth mentioning that institutional ownership has moved in the amount of -0.51% over the last 3 months.
  • Insiders – When it comes to insiders, members of the management team and others close to SNCR currently hold 5.20% of Synchronoss Technologies, Inc.. Their ownership of the company has seen a move of 0 over the last quarter.

Analyst Opinions Of Synchronoss Technologies, Inc.

Although it’s not a smart idea to unknowingly follow the thoughts of analysts, it is a good idea to consider their thoughts when validating your own opinions when it comes to making investment decisions in the tech sector. Here are the most recent moves that we’ve seen from analysts as it relates to SNCR.

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Aug-27-19 Initiated Canaccord Genuity Buy $13
Jun-18-19 Initiated ROTH Capital Buy $13
Dec-10-18 Upgrade Stifel Sell → Hold

Financial Results And Expectations

What have ween seen from SNCR in terms of financial results?Here’s what we’ve seen and what’s coming:

  • Analyst Expectations – As it stands, Wall St. analysts expect that Synchronoss Technologies, Inc. will report earnings per diluted share coming to a total of -1.26, with -0.40 to be announced in the next financial report. Although this isn’t associated with earnings, because we’re chatting about Wall Street analysts, SNCR is currently graded as a 2.00 considering a scale that ranges from 1 to 5 on which 1 is the worst possible Wall Street analyst rating and 5 is the best possible rating.
  • 5-Year Sales – In the last 5 years, Synchronoss Technologies, Inc. has generated a change in sales in the amount of -1.40%. Earnings per diluted share in the period have seen a change of -67.40%.
  • Q/Q – In terms of quarter over quarter earnings performance, or Q/Q data as it is commonly explained in the world of humans, SNCR has created a earnings change by 48.80%. SNCR has also experienced movement when it comes to revenue that totals 1.40%.

A Look At Share Counts

Investors tend to like to know the amounts of shares both outstanding and available. With respect to Synchronoss Technologies, Inc., currently there are 43.51M and there is a float of 34.82M. This means that out of the total of 43.51M shares of SNCR currently in existence today, 34.82M are able to be traded in the public space.

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 19.79%.

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