Synchronoss Technologies Inc (NASDAQ:SNCR) traded at $14.81 at close of the session on current trade day and made an upward move of 4.08% on its previous day’s price.
Looking at the stock we see that its previous close was $14.23 and the beta (5Y monthly) reads 1.921 with the day’s price range being $14.25 – $15.451. In terms of its 52-week price range, SNCR has a high of $14.48 and a low of $2.70. The company’s stock has gained about 47.22% over that past 30 days.
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Synchronoss Technologies Inc has a market cap of $160.24 million and is expected to release its quarterly earnings report in October.
On the other hand, looking at the outlook for the SNCR stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Synchronoss Technologies Inc (SNCR) stock as a Hold, while 0 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 24.05% off its SMA20 and 42.11% from its 50-day simple moving average. The RSI (14) is pointing at 79.77 while the volatility over the past week is 6.86% and jumps to 7.10% over the past one month. The beta value is 1.93, while the average true range (ATR) is currently pointing at 0.77.
Coming back to Synchronoss Technologies Inc (NASDAQ:SNCR), we note that the average 3-month trading volume was 59.83K, while that of the preceding 10-day period stands at 0.14 million. Current shares outstanding are 10.31 million.
The insiders hold 9.21% of the company’s shares while institutions hold 44.90%. The data shows that short shares as of 2024-08-15, stood at 0.15 million at a short ratio of 2.33. This represents a 195.00 short interest in shares outstanding on 2024-08-15. Shares short rose in August from the previous month at 0.13 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 138.49% up in year-to-date price movement.
