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Is SilverSun Technologies Inc common stock (SSNT) Stock About to Get Hot Monday?

Monday, August 31, 2020 01:24 PM | InvestorsObserver Analysts

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Is SilverSun Technologies Inc common stock (SSNT) Stock About to Get Hot Monday?

Overall market sentiment has been down on SilverSun Technologies Inc common stock (SSNT) stock lately. SSNT receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bearish
SilverSun Technologies Inc common stock has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SSNT!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.

Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.

InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.

For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With SSNT Stock Today?

SilverSun Technologies Inc common stock (SSNT) stock has risen 5.13% while the S&P 500 is lower by -0.17% as of 1:19 PM on Monday, Aug 31. SSNT has gained $0.16 from the previous closing price of $3.13 on volume of 269,189 shares. Over the past year the S&P 500 is higher by 20.50% while SSNT is lower by -7.58%. SSNT earned $1.43 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 2.3.

To screen for more stocks like SilverSun Technologies Inc common stock click here.

More About SilverSun Technologies Inc common stock

SilverSun Technologies Inc is a business application, technology, and consulting company. It is engaged in providing strategies and solutions to meet information, technology and business management needs. Its services and technologies enable customers to manage, protect and monetize their enterprise assets in the cloud. It offers solutions for accounting and business management, financial reporting, enterprise resource planning (ERP), warehouse management systems (WMS), customer relationship management (CRM) and business intelligence (BI). The company has network services practice, which provides managed services, hosting, business continuity, cloud, e-mail and Web services.

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