NASDAQ:SSIC

Silver Spike Investment (SSIC) Stock Forecast, Price & News

$8.39

+0.09 (+1.08%)

(As of 05/31/2023 ET)

Compare

Today's Range: $8.31
▼
$8.49
50-Day Range: $7.82
▼
$9.19
52-Week Range: $7.70
▼
$11.24

Volume: 2,305 shs
Average Volume: 4,313 shs
Market Capitalization: $52.10 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $12.70

Silver Spike Investment MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 51.4% Upside
$12.70 Price Target
Short Interest: Healthy
0.11% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.72
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 19.75%
From $0.81 to $0.97 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.75 out of 5 stars

Finance Sector

363rd out of 901 stocks

3.5

Analyst's Opinion

Consensus Rating
Silver Spike Investment has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.70, Silver Spike Investment has a forecasted upside of 51.4% from its current price of $8.39.
Amount of Analyst Coverage
Silver Spike Investment has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.11% of the float of Silver Spike Investment has been sold short.
Short Interest Ratio / Days to Cover
Silver Spike Investment has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Silver Spike Investment has recently decreased by 33.33%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Silver Spike Investment does not currently pay a dividend.
Dividend Growth
Silver Spike Investment does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SSIC.

2.6

News and Social Media Coverage

News Sentiment
Silver Spike Investment has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Silver Spike Investment this week, compared to 0 articles on an average week.
MarketBeat Follows
1 people have added Silver Spike Investment to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Silver Spike Investment insiders have not sold or bought any company stock.
Percentage Held by Insiders
72.69% of the stock of Silver Spike Investment is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 5.81% of the stock of Silver Spike Investment is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Silver Spike Investment are expected to grow by 19.75% in the coming year, from $0.81 to $0.97 per share.
Price to Book Value per Share Ratio
Silver Spike Investment has a P/B Ratio of 0.59. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Silver Spike Investment (NASDAQ:SSIC) Stock

Silver Spike Investment Corp., is a a business development company. It is a specialty finance company, focuses on investing across the cannabis ecosystem through investments in the form of direct loans to, and equity ownership of, privately held cannabis companies. It intends to partner with private equity firms, entrepreneurs, business owners, and management teams to provide credit and equity financing alternatives to support buyouts, recapitalizations, growth initiatives, refinancings, and acquisitions across cannabis companies, including cannabis-enabling technology companies, cannabis-related health and wellness companies, and hemp and CBD distribution companies. The company was founded in 2021 and is based in New York, New York.

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SSIC Stock News Headlines

May 29, 2023 | markets.businessinsider.com

Silver Spike Investment (SSIC) Gets a Hold from Stifel Nicolaus

May 25, 2023 | markets.businessinsider.com

Silver Spike Investment (SSIC) Receives a Hold from Stifel Nicolaus

June 1, 2023 | Vantage Point (Ad)

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May 17, 2023 | americanbankingnews.com

Stifel Nicolaus Increases Silver Spike Investment (NASDAQ:SSIC) Price Target to $8.80

May 15, 2023 | msn.com

Stifel Maintains Silver Spike Investment (SSIC) Hold Recommendation

May 12, 2023 | finance.yahoo.com

Silver Spike Investment Corp. Reports First Quarter 2023 Financial Results

May 8, 2023 | finance.yahoo.com

Silver Spike Investment Corp. Expands Loan Portfolio with Senior Secured Credit Facility to DreamFields Brands, Inc. (Jeeter)

May 3, 2023 | finance.yahoo.com

Silver Spike Investment Corp. Announces First Quarter 2023 Financial Results Conference Call

June 1, 2023 | Vantage Point (Ad)

Major Financial Crisis Could Hit America

April 11, 2023 | markets.businessinsider.com

Stifel Nicolaus Sticks to Its Hold Rating for Silver Spike Investment (SSIC)

April 3, 2023 | msn.com

Cannabis Sales Leaseback Providers And Lenders: A Comparative Study Of Market/Book Ratios And Risk Indicators

April 3, 2023 | markets.businessinsider.com

Piper Sandler Sticks to Their Buy Rating for Silver Spike Investment (SSIC)

March 31, 2023 | msn.com

Silver Spike Investment GAAP EPS of $0.23

March 30, 2023 | finance.yahoo.com

Silver Spike Investment Corp. Reports Fiscal Year End 2022 Financial Results

March 30, 2023 | americanbankingnews.com

Silver Spike Investment (SSIC) to Release Earnings on Friday

March 27, 2023 | americanbankingnews.com

Silver Spike Investment (NASDAQ:SSIC) Price Target Cut to $9.00 by Analysts at Stifel Nicolaus

March 8, 2023 | finance.yahoo.com

Silver Spike Investment Corp. Announces Fiscal Year End 2022 Financial Results Conference Call

January 31, 2023 | msn.com

Can Silver Spike Investment Corp. (SSIC) Climb 31.26% to Reach the Level Wall Street Analysts Expect?

January 26, 2023 | finance.yahoo.com

Silver Spike Investment Corp. Expands Loan Portfolio with Senior Secured Credit Facility to MariMed Inc.

January 20, 2023 | marketwatch.com

Silver Jewellery Market Latest Research Report 2023-2029

January 2, 2023 | yahoo.com

Estimating The Intrinsic Value Of Silverlake Axis Ltd (SGX:5CP)

November 10, 2022 | finance.yahoo.com

Silver Spike Investment Corp. Reports Second Quarter Fiscal 2023 Financial Results

November 1, 2022 | msn.com

Silver Spike Investment Expands Loan Portfolio With Senior Secured Credit Facility To Verano

November 1, 2022 | finance.yahoo.com

Silver Spike Investment Corp. Expands Loan Portfolio with Senior Secured Credit Facility to Verano Holdings Corp.

October 28, 2022 | finance.yahoo.com

Silver Spike Investment Corp. Announces Second Quarter 2023 Financial Results Conference Call

October 18, 2022 | seekingalpha.com

The Silver Lining In Bond Market Clouds

October 15, 2022 | businessinsider.com

14 top private equity firms investing in sports, from Apollo to Sixth Street, as team and league valuations climb and spur dealmaking

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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SSIC Company Calendar

Today: 5/31/2023
Next Earnings (Estimated): 8/11/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: N/A
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:SSIC
CUSIP: N/A
CIK: 1843162
Web: N/A
Phone: 212-905-4923
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $12.70
High Stock Price Forecast: $15.30
Low Stock Price Forecast: $8.80
Forecasted Upside/Downside: +51.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 77.78
Quick Ratio: 77.78

Sales & Book Value

Annual Sales: $10,000.00
Price / Sales: 5,210.19
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $14.29 per share
Price / Book: 0.59

Miscellaneous

Outstanding Shares: 6,210,000
Free Float: 1,697,000
Market Cap: $52.10 million
Optionable: Not Optionable
Beta: 0.40

Key Executives

Mr. Scott Gordon (Age 61)
Chairperson & CEO

Mr. Gregory M. Gentile (Age 46)
CFO, Chief Compliance Officer & Sec.

Key Competitors

View All Competitors

Institutional Ownership

Capstone Investment Advisors LLC
Sold 8,047 shares on 5/9/2023
Ownership: 1.307%

View All Institutional Transactions

SSIC Stock - Frequently Asked Questions

Should I buy or sell Silver Spike Investment stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Silver Spike Investment in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SSIC shares.
View SSIC analyst ratings or view top-rated stocks.
What is Silver Spike Investment's stock price forecast for 2023?: 2 equities research analysts have issued 1 year target prices for Silver Spike Investment's stock. Their SSIC share price forecasts range from $8.80 to $15.30. On average, they expect the company's stock price to reach $12.70 in the next year. This suggests a possible upside of 51.4% from the stock's current price.
View analysts price targets for SSIC or view top-rated stocks among Wall Street analysts.
How have SSIC shares performed in 2023?: Silver Spike Investment's stock was trading at $9.80 on January 1st, 2023. Since then, SSIC stock has decreased by 14.4% and is now trading at $8.39.
View the best growth stocks for 2023 here.
Are investors shorting Silver Spike Investment?: Silver Spike Investment saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,800 shares, a decrease of 33.3% from the April 30th total of 2,700 shares. Based on an average trading volume of 4,500 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.
View Silver Spike Investment's Short Interest.
When is Silver Spike Investment's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, August 11th 2023.
View our SSIC earnings forecast.
What ETF holds Silver Spike Investment's stock ?: Amplify Seymour Cannabis ETF holds 82,918 shares of SSIC stock, representing 2.81% of its portfolio.

When did Silver Spike Investment IPO?: (SSIC) raised $85 million in an initial public offering (IPO) on Friday, February 4th 2022. The company issued 6,100,000 shares at a price of $14.00 per share. Stifel and Piper Sandler served as the underwriters for the IPO and Canaccord Genuity and Cantor were co-managers.
What is Silver Spike Investment's stock symbol?: Silver Spike Investment trades on the NASDAQ under the ticker symbol "SSIC."
Who are Silver Spike Investment's major shareholders?: Silver Spike Investment's stock is owned by a number of retail and institutional investors. Top institutional investors include Capstone Investment Advisors LLC (1.31%).
How do I buy shares of Silver Spike Investment?: Shares of SSIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Silver Spike Investment's stock price today?: One share of SSIC stock can currently be purchased for approximately $8.39.
How much money does Silver Spike Investment make?: Silver Spike Investment (NASDAQ:SSIC) has a market capitalization of $52.10 million and generates $10,000.00 in revenue each year.
How can I contact Silver Spike Investment?: The company can be reached via phone at 212-905-4923.

This page (NASDAQ:SSIC) was last updated on 6/1/2023 by MarketBeat.com Staff

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