Summit State Bank (NASDAQ: SSBI) stock suffered a major decline of -13.5% on 8/12/24. The shares closed at $8.00. Moreover, trading volume in this decline was exceptionally high at 601% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -15.6% during the last week.
Current PriceTarget Research Rating
SSBI’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Summit State Bank has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Summit State Bank has a good Appreciation Score of 82 but a poor Power Rating of 25, 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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