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


The leading market experts have placed a mean price target of $51.83 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 $0.66 a share for the upcoming quarter and $2.45 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 $34.80, and stock is hovering -3.57 or -10.27% distant from $34.80. It is noted that the 200-day MA is $31.78, and Synchronoss Technologies, Inc. stock is $-0.55 or -1.73% off from this point. Synchronoss Technologies, Inc. (NASDAQ:SNCR) 52-week high is $49.53 and the 52-week low is $20.33. This explains if the stock moves $-18.30, it will post a 52-week high. In event of $+53.62% points 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 60.52. The stock last ended the trading session at $31.23 and registered a market cap of $1.37B. 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 0.78.

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