Overall market sentiment has been down on Synchronoss Technologies Inc (SNCR) stock lately. SNCR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Synchronoss Technologies Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SNCR!
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With SNCR Stock Today?
Synchronoss Technologies Inc (SNCR) stock is lower by -8.93% while the S&P 500 has gained 0.67% as of 1:25 PM on Tuesday, Oct 10. SNCR is down -$0.06 from the previous closing price of $0.67 on volume of 341,114 shares. Over the past year the S&P 500 has risen 20.82% while SNCR is down -46.49%. SNCR lost -$0.48 per share in the over the last 12 months.
More About Synchronoss Technologies Inc
Synchronoss Technologies Inc is a provider of cloud- and software-based activation solutions for mobile carriers, enterprises, retailers, and original equipment manufacturers. These solutions are delivered through the Activation Services, Synchronoss Personal Cloud, Enterprise, and Integrated Life platforms, which are scalable and available on-demand. The firm's solutions include activation and processing, cloud-based sync, backup, storage, and content engagement capabilities. The company derives revenue from subscriptions and transaction-based fees. A majority of the firm's revenue is generated in the United States, and the rest is from countries across the world.
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