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 $9.88, up 0.71% from the previous day, and has increased 97.8% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 1.62 percentage points. Synchronoss Technologies stock is currently +178.31% from its 52-week low of $3.55, and -36.08% from its 52-week high of $15.46.
At the moment, there are 10.84M SNCR shares outstanding. The market cap of SNCR is $107.09M. In the past 24 hours, 9864 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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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 3.03x, relative to Software - Infrastructure industry P/B ratio of 11.77x
You can access more valuation research on SNCR's stock here.
SNCR Financials at a glance
Passed Financial Due Diligence Checks:
- SNCR has $25.23M in cash and short term investments. This is sufficient to cover its annual cash burn of $89.00k.
- There are more short-term assets than short-term liabilities on the SNCR balance sheet.
- SNCR has cash burn of 89000. 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 7.14.
- SNCR profit margin has gone up by 0.17 percentage points in the past year, but the company is still unprofitable.
- There are more long-term liabilities than short-term assets on the SNCR balance sheet.
Is it a good time to buy Synchronoss Technologies stock, according to analysts?
Out of 1 Equities analysts who track SNCR, the consensus analyst rating on SNCR is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are forecasting on the Synchronoss Technologies stock forecast page.
SNCR Technicals
SNCR Growth Metrics
Last year, SNCR revenue was $120.51M. In the past five year, SNCR's revenue has grown by -16.69% per year. This was slower than the Software - Infrastructure industry average of 18.25%.
Learn more about SNCR's earnings and revenue performance here.
Are SNCR insiders buying or selling the stock?
Over the past 12 months, insiders at SNCR have sold more shares than they have bought.
Martin Francis Bernstein, Director of SNCR, was the latest SNCR insider to sell. They sold $85,349.04 worth of SNCR shares on Sep 13, 2024.
Get more info about who owns SNCR shares here.
Can I get consistent income from SNCR stock?
No, Synchronoss Technologies doesn't provide an income stream by paying out dividends.
What others are saying about SNCR
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your SNCR purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact price limit, use a limit order.
Hit the Open Trade button and your broker will execute your order.
If you need more assistance buying stocks on eToro, click the helpful video below:
Step 6: Track your investment in SNCR
Now that you own some shares in SNCR, you'll want to stay up-to-date on your new stock purchase.
Put SNCR on a watchlist to monitor your SNCR stock.
SNCR Feed
How to Buy Stock in Synchronoss Technologies
To reiterate, here are the 6 steps to buy Synchronoss Technologies stock:
- 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 need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you would like to track your new investment in Synchronoss Technologies, click below.
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