The stock of Prospect Capital Corporation (NASDAQ:PSEC) increased by remained unchanged at $8.38, up 0.12 percent. The last five days have seen an average of 1,267,120 shares of common stock traded. 47 times new highs were reached in the current year, with a gain of $2.97. The average number of shares traded over the last 20 days was 1,357,525, while the average volume over the last 50 days totaled 1,714,548.
PSEC stock appreciated 5.54% since last month. On 09/30/21, the company’s shares reached a one-month low of $7.69. The stock touched a high of $9.25 on 06/09/21, after rallying from a low of $4.91 in 52 weeks. The price of PSEC stock has risen by 54.90% or $2.97 this year, reaching a new high 47 times. Still, the stock price is down -9.41% from the 52-week high.
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There have been 166 days since Prospect Capital Corporation (PSEC) last reported insider trading activity on May 12. On May 12, Director Stark Eugene S acquired 2,000 shares at $7.78 each. This transaction resulted in the insider spending $15,560.
Prospect Capital Corporation (PSEC) has a trailing price-to-earnings (P/E) ratio of 6.96. This level actually compares favorably with the industry at large, as the PE for the Asset Management industry stands at about 17.09. Further, its PE also compares favorably with the Financial sector’s trailing 12 months PE ratio, which comes in at 13.15 right now. The PE ratio of Prospect Capital Corporation has varied between 30.45 and 3.064 in the last five years. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.13, the price-to-book (PB) ratio of 0.93.
Prospect Capital Corporation’s dividend is $0.72 per share per year. Company paid $0.06 per share in dividends, remained unchanged from $0.06 last year. A $0.0233 dividend decrease was reported on Tuesday August 29 2017, making it the 1 consecutive year the dividend has increased. Over the last three years, dividends have increased by -20.59%.
Based on annual data, it had gross profit of $285.74 million and revenue of $631.97 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ROE has averaged 10.74 in the past year for the broader industry.
According to Prospect Capital Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that Prospect Capital Corporation’s quarterly earnings would be $0.19, but it ended up being $0.17, beating the consensus by 11.80%. At the end of Prospect Capital Corporation’s most recent quarter ended June 29, its total debt was $2.23 billion.
Here’s a quick look at Prospect Capital Corporation’s (PSEC) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 82.82%, suggesting the stock is Overbought, with a 2.20% historical volatility rate.
The stochastic %K and %D were 94.40% and 94.85% respectively, while the average true range (ATR) was 0.10. Based on the 14-day stochastic reading of 94.64%, the RSI (14) reading is 72.05%. On the 9-day MACD Oscillator, the stock is at 0.11, and the 14-day reading is at 0.20.
In its analyst report released on June 25, 2020, Wells Fargo began covering Prospect Capital Corporation (NASDAQ: PSEC). The stock was rated as an Underweight by the brokerage firm. Analysts have assigned Prospect Capital Corporation (PSEC) an Sell rating. PSEC is a stock that is recommended for selling by 2 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is PSEC’s price target for the next 12 months?
The current consensus forecast for the stock is between $6.50 and $6.50, with a median target price of $6.50. In analyzing these forecasts, the average price target given by analysts for Prospect Capital Corporation (PSEC) is $6.50.