For the readers interested in the stock health of SilverSun Technologies Inc. (SSNT). It is currently valued at $3.27. When the transactions were called off in the previous session, Stock hit the highs of $3.48, after setting-off with the price of $2.87. Company’s stock value dipped to $2.81 during the trading on the day. When the trading was stopped its value was $2.81.
Recently in News on August 12, 2020, SilverSun Technologies Reports Second Quarter 2020 Results. via NEWMEDIAWIRE — SilverSun Technologies, Inc. (NASDAQ: SSNT), a national provider of transformational business technology solutions and services, today announced its second quarter results for the three and six months ended June 30, 2020. You can read further details here
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SilverSun Technologies Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $13.42 on 08/04/20, with the lowest value was $1.62 for the same time period, recorded on 04/01/20.
SilverSun Technologies Inc. (SSNT) full year performance was 1.44%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, SilverSun Technologies Inc. shares are logging -75.63% during the 52-week period from high price, and 101.85% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $1.62 and $13.42.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 1745673 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the SilverSun Technologies Inc. (SSNT) recorded performance in the market was -15.81%, having the revenues showcasing 25.29% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 15.60M, as it employees total of 157 workers.
The Analysts eye on SilverSun Technologies Inc. (SSNT)
During the last month, 0 analysts gave the SilverSun Technologies Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.74, with a change in the price was noted +1.47. In a similar fashion, SilverSun Technologies Inc. posted a movement of +81.67% for the period of last 100 days, recording 535,949 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for SSNT is recording 0.14 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.08.
Technical rundown of SilverSun Technologies Inc. (SSNT)
Raw Stochastic average of SilverSun Technologies Inc. in the period of last 50 days is set at 62.21%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 64.11%. In the last 20 days, the company’s Stochastic %K was 45.41% and its Stochastic %D was recorded 45.88%.
Considering, the past performance of SilverSun Technologies Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -15.81%. Additionally, trading for the stock in the period of the last six months notably improved by 56.48%, alongside a boost of 1.44% for the period of the last 12 months. The shares increased approximately by 16.79% in the 7-day charts and went down by 30.28% in the period of the last 30 days. Common stock shares were driven by 25.29% during last recorded quarter.