Synchronoss Technologies, Inc. (NASDAQ:SNCR), with a trailing 12-month price-to-sales ratio of 0.85, is now among the bigger bargains in its industry. The broad Application Software industry has an average P/S ratio of 377.72, which is significantly worse than the sector’s 25.53. In the past 13-year record, this ratio went down as low as 0.49 and as high as 7.89. Also, it is up from 76% of the total 2268 rivals across the globe.
SNCR traded at an unexpectedly low level on 03/21/2019 when the stock experienced a -0.92% loss to a closing price of $6.46. The company saw 0.32 million shares trade hands over the course of the day. Given that its average daily volume over the 5 sessions has been 308.55 million shares a day, this signifies a pretty significant change over the norm.
Analysts are speculating a 39.32% move, based on the high target price ($9) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $8 price target, but the stock is already up 65.64% from its recent lows. However, the stock is trading at -46.7% versus recent highs ($12.12). Analysts believe that we could see stock price minimum in the $7 range (lowest target price), allowing for another 8.36% jump from its current position. Leading up to this report, we have seen a -20.93% fall in the stock price over the last 30 days and a 4.87% increase over the past 3 months. Overall, the share price is up 5.21% so far this year. Additionally, the stock had a day price range of $6.37 to $6.55.Synchronoss Technologies, Inc. (SNCR) Price Potential
Heading into the stock price potential, Synchronoss Technologies, Inc. needs to grow just 23.84% to cross its median price target of $8. In order to determine directional movement, the 50-day and 200-day moving averages for Synchronoss Technologies, Inc. (NASDAQ:SNCR) are $7.6 and $6.55. Given that liquidity is king in the short-term, SNCR is a stock with 44.56 million shares outstanding that normally trades 1.93% of its float. The stock price recently experienced a 5-day gain of 4.03% with 0.41 average true range (ATR). SNCR has a beta of 0.69 and RSI is 36.87.
Investors also need to beware of the Range Resources Corporation (NYSE:RRC) valuations. The stock trades on a P/S of 2.45, which suggests that the shares are attractive compared with peers. The broad Communication Equipment industry has an average P/S ratio of 99.88, which is significantly worse than the sector’s 12.83. In the past 13-year record, this ratio went down as low as 0.7 and as high as 12.78. Also, it is up from 70% of the total 402 rivals across the globe.Range Resources Corporation (RRC)’s Lead Over its Technicals
Range Resources Corporation by far traveled 24.4% versus a 1-year low price of $9.22. The share price was last seen 1.41% higher, reaching at $11.47 on Mar. 21, 2019. At recent session, the prices were hovering between $11.27 and $11.54. This company shares are 35.48% off its target price of $15.54 and the current market capitalization stands at $2.97B. The recent change has given its price a 5.76% lead over SMA 50 and -38.32% deficit over its 52-week high. The stock witnessed 3.52% gains, 3.15% gains and -29.89% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found RRC’s volatility during a week at 4.2% and during a month it has been found around 4.49%.Range Resources Corporation (NYSE:RRC) Intraday Metrics
Range Resources Corporation (RRC) exchanged hands at an unexpectedly low level of 5.63 million shares over the course of the day. Noting its average daily volume at 7.72 million shares each day over the month, this signifies a pretty significant change over the norm.Range Resources Corporation Target Levels
The market experts are predicting a 117.96% rally, based on the high target price of $25 for Range Resources Corporation shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $10 range (lowest target price). If faced, it would be a -12.82% drop from its current position. Overall, the share price is up 19.85% year to date [T2].