Why Synchronoss Technologies, Inc. (NASDAQ:SNCR) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $52.43 on Synchronoss Technologies, Inc. (NASDAQ:SNCR) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.51 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Synchronoss Technologies, Inc. (NASDAQ:SNCR) stands at 697.63.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Synchronoss Technologies, Inc., the PEG ratio for coming 3-5 years is 0.98.

Technical Analysis

The technical analysis highlights that Synchronoss Technologies, Inc. current is trading $2.61 points away or +6.77% from its 50-day moving average of $38.55. Further it is trading $7.46 or +22.13% away its 200-day moving average of $33.70.

The 52-week high of Synchronoss Technologies, Inc. (NASDAQ:SNCR) was $41.79 while lowest point recorded in 52-week was $20.33. It implies if stock price makes a movement of over $-0.63, it will record a new 52-week high. In the case of +102.46% drop, it will touch a new 52-week low.

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