How to Buy Synchronoss Technologies Stock
Synchronoss Technologies Inc
Synchronoss Technologies, Inc. provides cloud, messaging, digital, and network management platforms, products, and solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Synchronoss Technologies stock last closed at $6.46, down 0.92% from the previous day, and has decreased 23.64% in one year. It has underperformed other stocks in the Software - Infrastructure industry by 0.4 percentage points. Synchronoss Technologies stock is currently +139.26% from its 52-week low of $2.70, and -53.75% from its 52-week high of $13.97.
At the moment, there are 10.31M SNCR shares outstanding. The market cap of SNCR is $66.61M. In the past 24 hours, 8488 SNCR shares were traded.
How to Buy Synchronoss Technologies Stock
Not sure how to invest in Synchronoss Technologies stock? Here's how.
- Figure out where to buy Synchronoss Technologies stock: You need to pick an online brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you choose where to buy Synchronoss Technologies stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your brokerage account: Pick your method of payment and add your info.
- Research Synchronoss Technologies stock: The Synchronoss Technologies ticker symbol is SNCR. Is Synchronoss Technologies stock a good investment? Should you buy shares of SNCR? How do SNCR's underlying business fundamentals look? Do top analysts think Synchronoss Technologies is a good buy? Why has SNCR's stock price moved recently? (Hint: Our stock analysis website can help you figure out if SNCR is a good stock to buy).
- Make your SNCR purchase: Decide if you will purchase SNCR shares at the current market price or use a limit order to purchase SNCR stock at a specific price.
- Track your investment in SNCR: Create a watchlist to important updates regarding your new investment in Synchronoss Technologies stock.
Step 1: Figure out where to buy Synchronoss Technologies stock
You will need a brokerage account in order to access the NASDAQ market and buy SNCR shares.
Our preferred brokerage: eToro
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- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by opening an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen your brokerage, it's time to fill out some personal info so you are able to buy SNCR today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open your new brokerage account.
- Send your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you've filled out your info on app for investing, you can securely and quickly fund your account:
Watch the walkthrough below to see the process of transferring funds into your new brokerage account.
Step 4: Research Synchronoss Technologies stock
Once you have selected the best place to buy Synchronoss Technologies stock, it's important to research their stock prior to investing, so you can wrap your head around the risk and upside.
Synchronoss Technologies stock quick numbers
Synchronoss Technologies Due Diligence Checks
WallStreetZen was designed to help everyday investors do better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on SNCR's stock page.
How is SNCR stock valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge SNCR's true value.
Using relative valuations metrics:
- SNCR may be undervalued based on its P/B ratio of 2.5x, relative to Software - Infrastructure industry P/B ratio of 11.14x
You can access more valuation research on SNCR's stock here.
SNCR Financials at a glance
Passed Financial Due Diligence Checks:
- SNCR has $24.57M in cash and short term investments. This is sufficient to cover its annual cash burn of $1.05M.
- There are more short-term assets than short-term liabilities on the SNCR balance sheet.
- SNCR has cash burn of 1045000. It has sufficient cash and short-term investments to cover this for at least one year.
Failed Financial Due Diligence Checks:
- Total SNCR debt is higher than 5 years ago, relative to shareholder equity.
- SNCR has a relatively high debt to equity ratio of 7.98.
- SNCR profit margin has gone down from -15.6% to -45.4% in the past year.
- There are more long-term liabilities than short-term assets on the SNCR balance sheet.
You can dig deeper into what analysts are projecting on the Synchronoss Technologies stock forecast page.
Metrics for Advanced SNCR Traders
Is SNCR Growing Revenue?
Last year, SNCR revenue was $164.20M. Over the past 5 year, SNCR's revenue has increased by -12.81% per year. This was slower than the Software - Infrastructure industry average of 17.26%.
Dig into SNCR's earnings and revenue performance here.
Who is buying/selling SNCR?
Over the past 12 months, executives and large shareholders at SNCR have bought more shares than they have sold.
Patrick Joseph Doran, EVP Chief Technology Officer of SNCR, was the latest SNCR insider to sell. They sold $10,713.31 worth of SNCR stock on Apr 18, 2024.
Learn more about who owns SNCR stock here.
Can I rely on SNCR as an income stream?
No, Synchronoss Technologies doesn't provide an income stream by paying out dividends.
What others are saying about SNCR
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your SNCR purchase
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally fine for most investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount limit, use a limit order.
Click the Open Trade button and eToro will execute the order.
If you need more info about buying stocks on eToro, click the helpful video below:
Step 6: Track your investment in SNCR
Now that you own some SNCR stock, you'll want to stay up-to-date on your investment.
Make a watchlist to track the latest developments regarding your SNCR stock.
SNCR Feed
How to Buy Stock in Synchronoss Technologies
To reiterate, here are the 6 steps you need to take to buy Synchronoss Technologies stock right now:
- Figure out where to buy Synchronoss Technologies stock
- Create a brokerage account
- Fund your brokerage account
- Research Synchronoss Technologies stock
- Make your SNCR purchase
- Track your investment in SNCR
If you are looking for a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to track your investment in Synchronoss Technologies, hit the button below to create your watchlist.
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