Stock Rating Downgrade
The Value Trend Rating for Summit State Bank (NASDAQ: SSBI) weakened in recent days from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 12/20/24, Summit State Bank (NASDAQ: SSBI) stock enjoyed a large increase of 2.3%, closing at $7.64. This advance was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months but has risen 1.6% during the last week.
Current PriceTarget Research Rating
Summit State Bank has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Summit State Bank has a very high Appreciation Score of 89 but a slightly negative Power Rating of 37, producing the High Neutral Value Trend Rating.
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