Alert: Major Price Decline (6/5/24)-SilverSun Technologies Inc (NASDAQ: SSNT).

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SilverSun Technologies Inc (NASDAQ: SSNT) stock suffered a major decline of -16.8% on 6/5/24. The shares closed at $16.31. Moreover, trading volume in this decline was exceptionally high at 554% of normal. The stock has declined -8.0% during the last week but has been exceptionally strong relative to the market over the last nine months.

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Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to be in line with the cost of capital, SSNT is expected to be Value Creation neutral.

SilverSun Technologies has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. SilverSun Technologies has a very low Appreciation Score of 2 but a very high Power Rating of 97, triggering the Neutral Value Trend Rating.

Rating Review

In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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