SilverSun Technologies Inc (NASDAQ: SSNT) has reported a loss for its second fiscal quarter (ending June 30) of $-9.93 versus $0.07 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $-12.28 versus $0.09 for the same period a year ago.
Recent Price Action
On 8/14/24, SilverSun Technologies Inc (NASDAQ: SSNT) stock declined modestly by -1.8%, closing at $10.75. Moreover, exceptionally high trading volume at 236% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -5.5% during the last week.
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 F (Lowest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. SilverSun Technologies has a poor Power Rating of 21 and a very low Appreciation Score of 2, with the Lowest Value Trend Rating the result.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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