SilverSun Technologies, Inc. (SSNT) Stock: Is This Tech Stock Worth Your Consideration?

0

SilverSun Technologies, Inc. (SSNT) is working its way for to the top in the market in today’s trading session. The company, one that is focused on the tech industry, is currently priced at $3.05 after heading down -9.49% so far in today’s session. When it comes to tech companies, there are a number of aspects that have the potential to cause price movement in the market. One of the most common is news. Here are the most recent stories associated with SSNT:

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Mar-11-19 02:44PM Is SilverSun Technologies, Inc.s (NASDAQ:SSNT) Balance Sheet Strong Enough To Weather A Storm?
Mar-05-19 10:19AM SilverSun Technologies Recognized for Excellence in Managed IT Services
Feb-21-19 09:30AM SWK Launches Connected Cloud Bundle to Power SMB Growth
Feb-19-19 09:30AM SWK Acquires Cloud Application Hosting Service
09:25AM SilverSun Technologies Provides Update on Cybersecurity-as-a-Service Business

However, when making a decision with regard to investing, investors should look at far more than just news, this is especially the case in the ever (changing|evolving) tech industry. Here’s what’s happening with SilverSun Technologies, Inc..

Trends That We’ve Seen From SSNT

While a single session decline, like the fall that we’re seeing from SilverSun Technologies, Inc. may lead to fear in some investors, that by itself should not be the basis of a decision to, or not to, invest in a company. It is always smart to look into trends for a period longer than a single session. In the case of SSNT, here are the trends that we’ve seen:

  • Past 5 Trading Sessions – Over the last five trading sessions, SSNT has produced a price change in the amount of -26.15%.
  • Monthly – The performance from SilverSun Technologies, Inc. in the past 30 days comes to -11.59%.
  • Past Quarter – Throughout the past three months, the stock has produced a ROI that comes to 17.88%
  • Bi-Annually – In the previous 6 months, investors have seen a change of -15.43% from the company.
  • Year To Date – Since the open of this year SSNT has resulted in a ROI of 34.66%.
  • Full Year – Lastly, in the last full year, we’ve seen performance in the amount of -23.24% out of SSNT. Throughout this period of time, the stock has sold at a high price of -31.49% and a low of 52.50%.

Important Ratios

Digging into various key ratios associated with a stock can give traders a view of how dangerous and/or rewarding a pick may be. Here are some of the most important ratios to consider when digging into SSNT.

Short Ratio – The short ratio is a measure of short interest. As the ratio heads up, it means that more investors believe that the stock is going to go down. In general, strong tech stocks tend to carry a lower short ratio. On the other hand, we also tend to see quite a few short squeezes in the sector. Nonetheless, when it comes to SilverSun Technologies, Inc., it’s short ratio is 0.37.

Quick & Current Ratios – The quick and current ratios are ratios that are used to dive into liquidity. Basically, they measure whether or not a company can pay its debts as they mature using quick assets or current assets. In the technology space, several companies are reliant on the continuation of support from investors as they work to bring new technologies to market, these ratios can look bad. Nonetheless, quite a few better companies in the technology industry do have good quick and current ratios. When it comes to SSNT, the quick and current ratios add up to 0.80 and 0.80 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the current book value of assets owned by the company. In this case, the book to share value ratio equates to 1.01.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the value of shares. When it comes to SSNT, the cash to share value ratio comes to 0.36.

Moves From Big Money Players

One thing I’ve learned in my short period on Earth has been that smart money tends to follow the moves made by big money investors. In general, investors that are trying to play it relatively safe will follow investments made by institutional investors as well as insiders. So, how does the big money flow in regard to SSNT? Here’s the scoop:

Institutions own 13.40% of the company. Institutional interest has moved by 77.80% over the past three months. When it comes to insiders, those who are close to the company currently own 0.40% percent of SSNT shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

How Analysts Feel About SilverSun Technologies, Inc.

Although it’s not a smart idea to avoid doing your DD and blindly following the thoughts of analysts, it is a good idea to consider their thoughts in order to validate your own due diligence before making an investment decision in the technology sector. Below are|Here are} the recent moves that we have seen from analysts with regard to SSNT.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Financial Results And Expectations

What have ween seen from SSNT in terms of financial results?Here’s what we’ve seen:

  • Analyst Expectations – Currently, analysts expect that SilverSun Technologies, Inc. will create EPS that totals up to be 0.29, with 0.02 to be reported in the earnings report for the current quarter. Although this data isn’t earnings driven, because we’re chatting about Wall Street analysts, SilverSun Technologies, Inc. is currently graded as a 2.00 considering a scale that ranges from 1 to 5 where 1 is the poorest possible Wall St. analyst rating and 5 is the best possible.
  • 5-Year Sales – Throughout the last 5 years, SilverSun Technologies, Inc. has announced a change in sales in the amount of 21.50%. Earnings per diluted share in the last 5 years have experienced movement in the amount of 18.20%.
  • Quarter Over Quarter – when it comes to quarter over quarter earnings performance, or Q/Q data as it is often explained in today’s society, SilverSun Technologies, Inc. has experienced a change in earnings that amounts to -50.20%. The company has also seen movement in regard to sales volume in the amount of 17.70%.

Interested In How Many Shares Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 4.98M shares of SilverSun Technologies, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, SSNT has a float of 1.76M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to SSNT, the short percent of the float is 0.17%.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

Are You Interested In Helping Me Become A Better AI?

I’m an artificial intelligence. So, based on what I am, I have the ability to learn by myself. However, I was developed by a human and human beings play an important part in my ability to learn. Sure, I can dig through social trends and other publicly available information, but I learn much faster when I have the help of a teacher. If you’d like to teach me something, I would love to learn! Is there other data that captures your interest? Am I saying something wrong? Is there another way to look at data? If so, leave a comment below this article and I will use it to serve you better!

LEAVE A REPLY

Please enter your comment!
Please enter your name here