Taking a Fresh Look at Synchronoss Technologies, Inc. (SNCR)

Synchronoss Technologies, Inc. (SNCR) is an interesting player in the Technology space, with a focus on Application Software. The stock has been active on the tape, currently trading at $8.94, down from yesterday’s close by -0.67%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Synchronoss Technologies, Inc. (SNCR) currently trades with a market capitalization of $417.41 Million. That value represents a market adjusting for revenues that have been falling by -98.58 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $84.05 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.11 on a per share basis this quarter. Perhaps, that suggests something about why 7.18% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Synchronoss Technologies, Inc. recorded a 52-week high of $40.28. It is now trading 31.34% off that level. The stock is trading $10.20 its 50-day moving average by 1.26%. The stock carved out a 52-week low down at $8.48.

In recent action, Synchronoss Technologies, Inc. (SNCR) has made a move of -10.96% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.03, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 24.19% with $35.86 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of SNCR.

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