SilverSun Technologies Inc. (NASDAQ:SSNT) shares, rose in value on Wednesday, January 05, with the stock price down by -6.08% to the previous day’s close as strong demand from buyers drove the stock to $4.41.
Actively observing the price movement in the last trading, the stock closed the session at $4.69, falling within a range of $4.38 and $6.25. The value of beta (5-year monthly) was 1.31 whereas the PE ratio was 31.92 over 12-month period. Referring to stock’s 52-week performance, its high was $14.20, and the low was $2.83. On the whole, SSNT has fluctuated by 4.14% over the past month.
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With the market capitalization of SilverSun Technologies Inc. currently standing at about $22.47 million, investors are eagerly awaiting this quarter’s results, scheduled for Nov 10, 2020.
Analysts have estimated the company’s revenue for the quarter at $10.72 million, with a low estimate of $9.84 million and a high estimate of $9.84 million. According to the average forecast, sales growth in current quarter could jump up 22.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2019, the company’s y-o-y revenues would reach $41 million, representing an increase of 17.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SSNT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SSNT currently trading nearly -2.60% and -13.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.92, while the 7-day volatility ratio is showing 14.53% which for the 30-day chart, stands at 9.18%. Furthermore, SilverSun Technologies Inc. (SSNT)’s beta value is 1.30, and its average true range (ATR) is 0.48.
A comparison of SilverSun Technologies Inc. (SSNT) with its peers suggests the former has fared considerably weaker in the market. SSNT showed an intraday change of -6.08% in last session, and over the past year, it grew by 46.48%%. Additionally, there is a loss of -1.72% for Insight Enterprises Inc. (NSIT) in last trading while the stock has seen an overall depriciation of 35.22%% over the past year. The PE ratio stands at 31.92 for SilverSun Technologies Inc. Other than that, the overall performance of the S&P 500 during the last trading session shows that it lost -1.94%. Meanwhile, the Dow Jones Industrial Slipped by -1.07%.
Data on historical trading for SilverSun Technologies Inc. (NASDAQ:SSNT) indicates that the trading volumes over the past 10 days have averaged 42290.0 and over the past 3 months, they’ve averaged 650.02K. According to company’s latest data on outstanding shares, there are 5.14 million shares outstanding.
Nearly 0.20% of SilverSun Technologies Inc.’s shares belong to company insiders and institutional investors own 15.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 14530.0 shares as on Dec 14, 2021, resulting in a short ratio of 0.01. According to the data, the short interest in SilverSun Technologies Inc. (SSNT) stood at 0.28% of shares outstanding as of Dec 14, 2021; the number of short shares registered in Nov 14, 2021 reached 16309.999999999998. The stock has fallen by -1.45% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SSNT stock heading into the next quarter.