How Will the Market React to Silver Spike Investment Corp (SSIC) Stock Getting a Bearish Rating

The market has been down on Silver Spike Investment Corp (SSIC) stock recently. SSIC gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Silver Spike Investment Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SSIC!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With SSIC Stock Today?

Silver Spike Investment Corp (SSIC) stock has gained 2.11% while the S&P 500 is down -0.69% as of 10:01 AM on Friday, Sep 15. SSIC is higher by $0.20 from the previous closing price of $9.50 on volume of 4,945 shares. Over the past year the S&P 500 has risen 13.39% while SSIC is down -9.68%. SSIC earned $0.85 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 11.42. To see InvestorsObserver's Sentiment Score for Silver Spike Investment Corp click here.

More About Silver Spike Investment Corp

Silver Spike Investment Corp is a closed-end management investment company formed to invest in companies across the cannabis ecosystem through investments in the form of direct loans to, and equity ownership of, privately-held cannabis businesses. Click Here to get the full Stock Report for Silver Spike Investment Corp stock.