Prospect Capital Corporation (PSEC) Reached A New High 1 time During The Past Five Days

As of Wednesday close, Prospect Capital Corporation’s (NASDAQ:PSEC) stock was up $0.01, moving up 0.15 percent to $6.89. The average number of shares traded per day over the past five days has been 2,573,780 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.18 fall in that time frame. In the last twenty days, the average volume was 1,969,085, while in the previous 50 days, it was 1,996,972.

Since last month, PSEC stock retreated -6.77%. Shares of the company fell to $6.66 on 06/17/22, the lowest level in the past month. A 52-week high of $9.06 was reached on 01/13/22 after having rallying from a 52-week low of $6.66. Since the beginning of this year, PSEC’s stock price has dropped by -18.07% or -$1.52, and marked a new high 7 times. However, the stock has declined by -23.95% since its 52-week high.

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Valuation Metrics

Right now, Prospect Capital Corporation (PSEC) has a P/E ratio of about 2.70. Besides these, the trailing price-to-sales (P/S) ratio of 4.06, the price-to-book (PB) ratio of 0.68.

The latest dividend of $0.06 per share was paid out, remained unchanged from last year’s $0.06. On Tuesday August 29 2017, a $0.023330 dividend decrease was announced.

Financial Health

Based on annual data, PSEC earned $285.74 million in gross profit and brought in $631.97 million in revenue.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Prospect Capital Corporation to report $0.17 quarterly earnings, the actual figure was $0.22 per share, beating the consensus estimate by 29.40%. During the quarter, the company generated $152.79 million in EBITDA. The value of shareholders’ equity is $392.15 million.

Technical Picture

This quick technical analysis looks at Prospect Capital Corporation’s (PSEC) price momentum. With a historical volatility rate of 39.56%, the RSI 9-day stood at 31.32% on 22 June.

With respect to its five-day moving average, the current Prospect Capital Corporation price is down by -2.55% percent or -$0.18. At present, PSEC shares trade -7.76% below its 20-day simple moving average and -16.48% percent below its 100-day simple moving average. However, the stock is currently trading approximately -17.09% below its SMA50 and -13.33% below its SMA200.

Stochastic coefficient K was 16.17% and Stochastic coefficient D was 12.20%, while ATR was 0.21. Given the Stochastic reading of 19.57% for the 14-day period, the RSI (14) reading has been calculated as 34.21%. As of today, the MACD Oscillator reading stands at -0.22, while the 14-day reading stands at -0.47.

Analyst Ratings

Raymond James upgraded its rating on Prospect Capital Corporation (NASDAQ: PSEC) to a Mkt perform in a note to investors on November 09, 2021. The analysts firm previously had an Underperform rating on the stock.Prospect Capital Corporation (PSEC) has been rated Underweight by analysts. According to 1 brokerage firm, PSEC is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Prospect Capital Corporation stock as buy, with 0 recommending it as overweight.

With a median target price of $6.50, the current consensus forecast for the stock is $6.50 – $6.50. Based on these forecasts, analysts predict Prospect Capital Corporation (PSEC) will achieve an average price target of $6.50.


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