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SNCR
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
54.23M

SNCR Synchronoss Technologies Forecast, Technical & Fundamental Analysis

a provider of cloud solutions and software-based activation for connected devices

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SNCR with price predictions
07:00 PM EST Nov 30, 2023

SNCR's Indicator enters downward trend

The Aroon Indicator for SNCR entered a downward trend on November 20, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 249 similar instances where the Aroon Indicator formed such a pattern. In of the 249 cases the stock moved lower. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 53 cases where SNCR's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on December 01, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SNCR as a result. In of 81 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SNCR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SNCR broke above its upper Bollinger Band on November 16, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where SNCR's RSI Oscillator exited the oversold zone, of 37 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for SNCR just turned positive on October 31, 2023. Looking at past instances where SNCR's MACD turned positive, the stock continued to rise in of 38 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SNCR advanced for three days, in of 247 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. SNCR’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.361) is normal, around the industry mean (20.967). P/E Ratio (17.007) is within average values for comparable stocks, (158.832). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.583). Dividend Yield (0.000) settles around the average of (0.083) among similar stocks. P/S Ratio (0.211) is also within normal values, averaging (74.499).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SNCR’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Adobe (NASDAQ:ADBE), Salesforce (NYSE:CRM), Intuit (NASDAQ:INTU), SERVICENOW (NYSE:NOW), Uber Technologies (NYSE:UBER), Shopify (NYSE:SHOP), Palo Alto Networks (NASDAQ:PANW), NetEase (NASDAQ:NTES).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 9.19B. The market cap for tickers in the group ranges from 291 to 2.84T. MSFT holds the highest valuation in this group at 2.84T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was 2%. For the same Industry, the average monthly price growth was 10%, and the average quarterly price growth was -7%. IPNFF experienced the highest price growth at 163%, while NAHD experienced the biggest fall at -77%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was 115%. For the same stocks of the Industry, the average monthly volume growth was 57% and the average quarterly volume growth was 10%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 72
Price Growth Rating: 58
SMR Rating: 83
Profit Risk Rating: 88
Seasonality Score: 21 (-100 ... +100)
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A.I. Advisor
published Earnings

SNCR is expected to report earnings to fall 50.00% to 2 cents per share on March 05

Synchronoss Technologies SNCR Stock Earnings Reports
Q4'23
Est.
$0.03
Q3'23
Beat
by $0.05
Q2'23
Est.
$-0.03
Q1'23
Missed
by $0.17
Q4'22
Missed
by $0.14
The last earnings report on November 07 showed earnings per share of 5 cents, beating the estimate of 0 cents. With 476.24K shares outstanding, the current market capitalization sits at 54.23M.
A.I. Advisor
published General Information

General Information

a provider of cloud solutions and software-based activation for connected devices

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Internet Software Or Services
Address
200 Crossing Boulevard
Phone
+1 866 620-3940
Employees
1391
Web
https://www.synchronoss.com
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SNCR and

Correlation & Price change

A.I.dvisor tells us that SNCR and CLSK have been poorly correlated (+29% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that SNCR and CLSK's prices will move in lockstep.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SNCR
1D Price
Change %
SNCR100%
-5.89%
CLSK - SNCR
29%
Poorly correlated
+22.44%
PAYO - SNCR
27%
Poorly correlated
+1.54%
IMMR - SNCR
27%
Poorly correlated
N/A
RIOT - SNCR
26%
Poorly correlated
+9.72%
SLP - SNCR
26%
Poorly correlated
-1.33%
More

Groups containing SNCR

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SNCR
1D Price
Change %
SNCR100%
-5.89%
internet service
(undefined stocks)
18%
Poorly correlated
+1.69%
internet software
(undefined stocks)
18%
Poorly correlated
+1.69%
online services
(undefined stocks)
18%
Poorly correlated
+1.69%
cloud
(undefined stocks)
16%
Poorly correlated
+1.71%