Synchronoss Technologies Inc (NASDAQ: SNCR) stock enjoyed a major increase of 18.2% on 6/28/24. The shares closed at $9.30. Moreover, this advance was accompanied by unusually high trading volume at 167% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 18.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, SNCR is expected to be Value Creation neutral.
Synchronoss Technologies has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Synchronoss Technologies has a very low Appreciation Score of 12 but a very high Power Rating of 97, with the Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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