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Home โบ Stocks โบ Chicago Atlantic BDC Inc. (SSIC) Stock Forecast & Price Prediction United States | NASDAQ | Financial Services | Asset Management
$9.01
-0.33 (-3.53%)Did SSIC Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if Silver Spike is one of their latest high-conviction picks.
SSIC has shown a year-to-date change of -12.8% and a 1-year change of -9.6%, reflecting downward momentum over the past year. Comprehensive analyst forecasts are currently unavailable for SSIC. Please refer to the price chart above for recent performance and trends.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for SSIC.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| May 15, 2023 | Stifel | W. Andrew Carter | Hold | Maintains | $8.80 |
| Mar 27, 2023 | Stifel | W. Andrew Carter | Hold | Maintains | $9.00 |
| Jan 6, 2023 | Cantor Fitzgerald | Pablo Zuanic | Overweight | Initiates | $15.30 |
| Aug 19, 2022 | Piper Sandler | Michael Lavery | Overweight | Maintains | $14.00 |
| Mar 1, 2022 | Piper Sandler | Overweight | Initiates | $N/A | |
| Mar 1, 2022 | Stifel | Hold | Initiates | $N/A |
The following stocks are similar to Silver Spike based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
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Provides financing solutions for the cannabis industry.
The company operates as a business development company (BDC) that channels capital into small and medium-sized cannabis-related businesses underserved by traditional banks. It generates revenue primarily through interest income from loans and potential equity gains from its investments.
Chicago Atlantic BDC Inc. focuses on lending to state-licensed operators in the cannabis and hemp sectors, which face significant funding challenges due to regulatory restrictions. The company emphasizes risk management and sustainable growth, providing investors a unique opportunity to engage with the growing cannabis market while adhering to compliance and regulatory standards.
Financial Services
Asset Management
1,461
Mr. Scott Charles Gordon
United States
2022
Silver Spike Investment Corp. has completed its acquisition of a loan portfolio from Chicago Atlantic Loan Portfolio, increasing its net assets to approximately $300 million and investments in 28 companies.
The acquisition enhances Silver Spike Investment Corp.'s asset base to $300 million, potentially increasing its investment capacity and appeal to investors seeking growth in specialty finance.
Silver Spike Investment Corp. (SSIC) announced that stockholders approved the acquisition of a loan portfolio from Chicago Atlantic Loan Portfolio, LLC, in exchange for newly-issued shares.
The approval of the loan portfolio acquisition may enhance SSIC's asset base and growth potential, impacting future earnings and stock performance, which is crucial for investor sentiment.
Silver Spike Investment Corp. (NASDAQ: SSIC) will hold its Q2 2024 Earnings Conference Call on August 9, 2024, at 8:00 AM ET, featuring CFO Umesh Mahajan and CEO Scott Gordon.
Silver Spike Investment Corp.'s Q2 2024 earnings call may reveal financial performance and strategic insights crucial for assessing future growth and investment potential.
Silver Spike Investment Corp. (NASDAQ: SSIC) reported its financial results for Q2 2024, ending June 30. Further details on performance were not provided in the excerpt.
SSIC's Q2 financial results may impact stock performance and investor sentiment, reflecting the company's growth potential and financial health in the specialty finance sector.
Silver Spike Investment Corp. (SSIC) will release its Q2 2024 financial results on August 9, 2024, before market opening.
The upcoming financial results release on August 9, 2024, could significantly influence SSIC's stock price and investor sentiment, impacting investment decisions in the specialty finance sector.
Silver Spike Investment Corp. reported negative net investment income but maintains a safe dividend yield at 132% coverage. Growth in the cannabis sector and federal legalization could enhance cash flows.
SSIC's negative income raises concerns, yet strong dividend coverage and cannabis industry growth prospects could boost future cash flows, making it a cautious hold amid valuation risks.
Analyst forecasts for Chicago Atlantic BDC Inc. (SSIC) are not currently available. The stock is trading at $9.01.
Analyst ratings for SSIC are not currently available. The stock is currently trading at $9.01. Investment decisions should be based on thorough research and your personal financial goals. Always conduct your own research and consider your investment goals before making investment decisions.
Price predictions from Wall Street analysts for SSIC are not currently available. The stock is trading at $9.01.
The company operates as a business development company (BDC) that channels capital into small and medium-sized cannabis-related businesses underserved by traditional banks. It generates revenue primarily through interest income from loans and potential equity gains from its investments.
Price targets from Wall Street analysts for SSIC are not currently available. The stock is trading at $9.01.
Price targets from Wall Street analysts for SSIC are not currently available. The stock is trading at $9.01.
Analyst ratings for SSIC are not currently available. The stock is trading at $9.01.
Stock price projections, including those for Chicago Atlantic BDC Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.