Synchronoss Technologies Inc. (SNCR): Interesting things to know About SNCR


Synchronoss Technologies Inc. (NASDAQ:SNCR) changes shares on Tuesday trading session, with a change of 2.61% or $0.08 shares. The trading starts at $3.09 and closed at $3.07 throughout the day. The trading session low price was $3.07 and day high was $3.175 on Tuesday, August 04. After the session, the Technology sector daily volume shifted to 0.42 million while its average volume is 647.72K. In other hand, the SNCR market cap reached to $148.81M.

On May 14, 2018, BRIEF-Synchronoss Common Stock To Be Suspended From Trading On Nasdaq. According to the news reported on Reuters, * SYNCHRONOSS COMMON STOCK TO BE SUSPENDED FROM TRADING ON NASDAQ

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -7.89% and down -7.35% for month. Its quarterly performance was 7.14% above, while its half year performance is down -41.12%. SNCR yearly performance stood at negative -61.63% and fall -33.68% for year-to-date. Current recommendation for Synchronoss Technologies Inc. is 2.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. SNCR EPS (TTM) for 12-month is -2.96. EPS for this year is 48.40%, while for the next year its value is -0.32. Its EPS Q/Q reached 56.70%. It has an EPS of -41.40% down for past five years and for the next five years will be up 10.00%.

Let’s take a look on the analyst recommendations on SNCR for the current month and previous month. For the current month, 3 of 4 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $6.50 – $10.00. Average target price for SNCR was reached at $8.13.

Elk Creek Partners, LLC, Blackrock Inc. and Vanguard Group, Inc. (The) are the top three holders in Synchronoss Technologies Inc. (SNCR) stock. On Mar 30, 2020, Elk Creek Partners, LLC has 3.75 million shares which valued 11.43 million. On Mar 30, 2020, Blackrock Inc. owned 2.81 million shares which valued at 8.56 million. On Mar 30, 2020, Vanguard Group, Inc. (The) has a total of 2.25 million shares which valued at 6.85 million. In the end, Vanguard Group, Inc. (The) have 5.26% shares outstanding of Synchronoss Technologies Inc. (SNCR) on Mar 30, 2020. The insider ownership moved to 5.40% and institutional holding shifted to 46.30%.

The company posted an EPS (TTM) of -2.96. According to the most recent quarter report on (Jun 2020), 4 analysts estimated an average EPS of -0.21, while -0.28 EPS posted a year ago period. Analyst Estimated EPS for SNCR published in the report was -$0.28 – -$0.11 during the same period. Comparing with last year, the average estimated EPS was -0.28 which is lower than 0.06 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for SNCR fall -23.56% for period of 200 days. SMA for 50 days was -4.18% which is showing red signal, while SMA-20 was -7.31%. The moving average value for Synchronoss Technologies Inc. (SNCR) is 6.34M and 15.71% for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in SNCR stock. On Aug 03, Miller Jeffrey George, Chief Commercial Officer, sold 2,292 trading shares at the cost of $3.23, which valued at 7403.0. On Jul 07, CLARK DAVID D, Chief Financial Officer, sold 17,942 shares at the cost of $3.30, with total shares of 232,526. On Jun 18, CLARK DAVID D, Chief Financial Officer, sold 6,747 shares at the cost of 3.12. After this transaction, CLARK DAVID D total shares reached to 250,468 which valued at 21051.0.