Recent extremely meaningful negative changes in investment behavior have impacted Synchronoss Technologies Inc (NASDAQ: SNCR): negative upside/downside volume developed, and its shorter term price trend turned down.
Synchronoss Technologies Inc (NASDAQ: SNCR) has recently experienced meaningful negative changes in fundamentals: the stock’s power rating fell below 50, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
SNCR is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Synchronoss Technologies has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Synchronoss Technologies has a neutral Power Rating of 46 but a very low Appreciation Score of 4, triggering the Lowest Value Trend Rating.
Recent Price Action
Synchronoss Technologies Inc (NASDAQ: SNCR) stock closed at $6.55 on 4/29/24 after a slight gain of 0.2%. However, trading volume in this advance was exceptionally low at 30% of normal. The stock has performed in line with the market over the last nine months and has risen 3.8% during the last week.
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