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Tuesday, December 5, 2023

Taking On Challenges And Growing? – Synchronoss Technologies Inc (SNCR)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Synchronoss Technologies Inc (SNCR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.025, or 5.15%, to $0.51. The Synchronoss Technologies Inc has recorded 3,563 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Synchronoss Technologies Reports Third Quarter 2023 Results.

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Stocks Info

This NASDAQ-listed company operates within the Software – Infrastructure industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $0.49 and fluctuated between $0.5100 as its day high and $0.4700 as its day low. The current market capitalization of Synchronoss Technologies Inc is $45.35M. A total of 0.7 million shares were traded on the day, compared to an average of 239.14K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, SNCR has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 10 BUYs and 5 SELLs from insiders. Insiders purchased 1,547,900 shares during that period but sold 49,451.

In the most recent transaction, B. Riley Financial, Inc. bought 25,000 shares of SNCR for 0.45 per share on Nov 13. After the transaction, the 10% Owner now owns 2,050,471 company shares. In a previous transaction on Nov 10, B. Riley Financial, Inc. bought 544,972 shares at 0.45 per share. SNCR shares that 10% Owner owns now total 2,025,471.

Among the insiders who bought shares, Miller Jeffrey George acquired of 160,000 shares on Nov 10 at a per-share price of $0.48. This resulted in the Chief Executive Officer holding 1,430,101 shares of SNCR after the transaction. In another insider transaction, Bernstein Martin Francis bought 115,695 shares at $0.44 per share on Nov 10. Company shares held by the Director now total 483,972.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for SNCR in the last 3 months, the mean price target is $2.65 with high estimates of $4.00 and low estimates of $0.45. In terms of 52-week highs and lows, SNCR has a high of $1.17 and a low of $0.30.

As of this writing, SNCR has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.04 per share and a lower estimate of -$0.03.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. SNCR’s latest balance sheet shows that the firm has $31.50M in Cash & Short Term Investments as of fiscal 2021. There were $169.20M in debt and $73.01M in liabilities at the time. Its Book Value Per Share was $0.42, while its Total Shareholder’s Equity was $175.83M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SNCR is Buy with a score of 4.33.

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