Overall market sentiment has been high on Synchronoss Technologies Inc (SNCR) stock lately. SNCR receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Synchronoss Technologies Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SNCR!
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With SNCR Stock Today?
Synchronoss Technologies Inc (SNCR) stock is up 17.48% while the S&P 500 has fallen -0.12% as of 1:31 PM on Thursday, Nov 16. SNCR has risen $0.08 from the previous closing price of $0.49 on volume of 586,619 shares. Over the past year the S&P 500 is up 12.67% while SNCR has fallen -40.63%. SNCR lost -$0.52 per share in the over the last 12 months.
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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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