Stock To Watch: Synchronoss Technologies, Inc. (NASDAQ:SNCR)


The leading market experts have placed a mean price target of $52.43 on Synchronoss Technologies, Inc. (NASDAQ:SNCR) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.78 a share for the upcoming quarter and $2.51 for the current fiscal.

Technical View

The technical analysis of Synchronoss Technologies, Inc. plainly substantiates that the 50-day moving average of Synchronoss Technologies, Inc. is $35.60, and stock is trading $5.48 points away or +15.39% from its 50-day moving average of $35.60. Further it is trading $8.74 or +27.02% away its 200-day moving average of $32.34. Synchronoss Technologies, Inc. (NASDAQ:SNCR) 52-week high is $47.48 and the 52-week low is $20.33.

This explains if the stock moves $-6.40, it will post a 52-week high. In event of +102.07% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Synchronoss Technologies, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Synchronoss Technologies, Inc. (NASDAQ:SNCR) ratio came in at 696.27.

The stock last ended the trading session at $41.08 and registered a market cap of $1.78B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Synchronoss Technologies, Inc. (NASDAQ:SNCR) PEG ratio is at 0.98.

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