SSNT Stock Summary and Trading Ideas (Silversun Technologies | NASDAQ:SSNT)

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. The company has a network services practice, which provides managed services, hosting, business continuity, cloud, e-mail, and Web services. The company has components of revenue of which majority of the revenue comes from Professional Consulting followed by Ancillary Services.

Silversun Technologies trades on the NASDAQ stock market under the symbol SSNT.

As of April 18, 2024, SSNT stock price declined to $13.80 with 60,874 million shares trading.

SSNT has a beta of -0.17, meaning it tends to be less sensitive to market movements. SSNT has a correlation of 0.00 to the broad based SPY ETF.

SSNT has a market cap of $73.36 million. This is considered a Micro Cap stock.

In the last 3 years, SSNT stock traded as high as $24.54 and as low as $2.25.

The top ETF exchange traded funds that SSNT belongs to (by Net Assets): VTI, VXF.

SSNT has outperformed the market in the last year with a price return of +332.9% while the SPY ETF gained +22.3%. SSNT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +10.3% and +6.2%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

SSNT support price is $14.82 and resistance is $16.36 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SSNT stock will trade within this expected range on the day.