On 5/8/24, Synchronoss Technologies Inc (NASDAQ: SNCR) stock enjoyed a major increase of 31.0%, closing at $9.00. Moreover, unusually high trading volume at 199% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 42.6% 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 F (Lowest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Synchronoss Technologies has a very low Appreciation Score of 4 but a neutral Power Rating of 51, leading to the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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