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Home โบ Stocks โบ SilverSun Technologies Inc (SSNT) Stock Forecast & Price Prediction United States | NASDAQ | Technology | SoftwareโApplication
$14.99
+0.41 (2.81%)Did SSNT 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 SilverSun is one of their latest high-conviction picks.
SSNT has shown a year-to-date change of -22.3% and a 1-year change of -29.3%, reflecting downward momentum over the past year. Comprehensive analyst forecasts are currently unavailable for SSNT. 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 SSNT.
| Date | Firm | Analyst | Rating | Change | Price Target |
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SilverSun Technologies Inc has a market capitalization of $9.96M with a P/E ratio of 35.0x. The company generates $54.52M in trailing twelve-month revenue with a 39.6% profit margin.
Revenue growth is -1.9% quarter-over-quarter, while maintaining an operating margin of -2.4% and return on equity of -14.3%.
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Provides business application and consulting services.
SilverSun Technologies generates revenue by offering a wide range of business application solutions, including software for accounting, enterprise resource planning, and customer relationship management. The company also monetizes its services through consulting, specialized programming, and IT managed services such as cybersecurity and cloud solutions, primarily targeting small and medium-sized businesses in various industries.
Founded as Trey Resources, Inc., the company rebranded to SilverSun Technologies in June 2011. It is headquartered in East Hanover, New Jersey, and focuses on serving clients in manufacturing, distribution, and service sectors.
Technology
SoftwareโApplication
195
Mr. Mark Meller
United States
2012
SilverSun Technologies (NASDAQ: SSNT) shares declined after CEO Mark Meller sold multiple batches of company stock over several days.
CEO share sales can signal a lack of confidence in the company's future, potentially leading to decreased investor trust and a drop in stock prices.
SilverSun Technologies' stockholders approved a $1 billion investment agreement with Jacobs Private Equity II and minority co-investors, facilitating significant capital infusion into the company.
The $1 billion investment in SilverSun by Jacobs Private Equity and co-investors signals strong confidence in the company's potential, likely boosting stock value and attracting further interest.
Meme stocks, including GameStop (NYSE: GME), are gaining momentum again, with a notable surge attributed to identifiable reasons, differing from the trends seen in 2021.
The resurgence of meme stocks like GameStop indicates renewed retail investor interest, potentially impacting market volatility and stock valuations.
SilverSun Technologies, Inc. (NASDAQ:SSNT) reported Q1 2024 revenue of $14.44 million, up 10% from $13.13 million in Q1 2023.
SilverSun Technologies reported a 10% revenue increase in Q1 2024, indicating growth and potential for future profitability, which can positively influence investor sentiment and stock performance.
SilverSun Technologies (NASDAQ: SSNT) reported a 21.2% revenue increase for FY 2023, totaling $54.52 million, up from $44.99 million in 2021.
SilverSun Technologies' 21.2% revenue growth signals strong demand for its services, potentially boosting investor confidence and indicating a positive market outlook.
SWK Technologies has been named to CRN's 2024 MSP 500 list in the Pioneer 250 category for the seventh consecutive year, highlighting its status among top Managed Service Providers in North America.
SWK Technologies' recognition in the MSP 500 highlights its competitive position and operational success, potentially enhancing investor confidence and attracting new capital.
Analyst forecasts for SilverSun Technologies Inc (SSNT) are not currently available. The stock is trading at $14.99.
According to current analyst ratings, SSNT has 1 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $14.99. Always conduct your own research and consider your investment goals before making investment decisions.
Price predictions from Wall Street analysts for SSNT are not currently available. The stock is trading at $14.99.
SilverSun Technologies generates revenue by offering a wide range of business application solutions, including software for accounting, enterprise resource planning, and customer relationship management. The company also monetizes its services through consulting, specialized programming, and IT managed services such as cybersecurity and cloud solutions, primarily targeting small and medium-sized businesses in various industries.
Price targets from Wall Street analysts for SSNT are not currently available. The stock is trading at $14.99.
Price targets from Wall Street analysts for SSNT are not currently available. The stock is trading at $14.99.
The overall analyst consensus for SSNT is bullish. Out of 0 Wall Street analysts, 1 rate it as Buy, 0 as Hold, and 0 as Sell.
Stock price projections, including those for SilverSun Technologies 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.