What The Financials Tell Us About Prospect Capital Corporation (PSEC)

KOSK Stock
KOSK Stock

Prospect Capital Corporation (NASDAQ:PSEC) traded with a subtraction of -$0.2 to $6.97 on Thursday, a downside of -2.79 percent. An average of 1,227,510 shares of common stock have been traded in the last five days. There was a fall of -$0.39 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 1,623,867 shares traded, while the 50-day average volume stands at 1,335,855.

PSEC stock has decreased by -9.13% in the last month. The company shares reached their 1-month lowest point of $7.01 on 09/22/22. With the stock rallying to its 52-week high on 01/13/22, shares of the company touched a low of $6.66 and a high of $9.06 in 52 weeks. It has reached a new high 7 times so far this year and lost -14.74% or -$1.40 in price. In spite of this, the price is down -23.07% from the 52-week high.

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Valuation Metrics

Prospect Capital Corporation (PSEC) has a trailing price-to-earnings (P/E) ratio of 5.35. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.98, the price-to-book (PB) ratio at 0.68.

Financial Health

Its gross profit as reported stood at $343.9 million compared to revenue of $710.9 million.

Earnings Surprise

The analyst consensus anticipated Prospect Capital Corporation’s latest quarter earnings to come in at $0.18 per share, but it turned out to be $0.22, a 22.20% surprise. For the quarter, EBITDA amounted to $122.51 million. At the end of the quarter ending March 30, Prospect Capital Corporation’s stock balance sheet showed total debt was $2.59 billion. Shareholders own equity worth $394.79 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Prospect Capital Corporation (PSEC) price momentum. RSI 9-day as of the close on 21 September was 24.04%, suggesting the stock is oversold, with historical volatility in this time frame at 20.19%.

As of today, PSEC’s price is $7.24 -5.34% or -$0.39 from its 5-day moving average. PSEC is currently trading -12.44% lower than its 20-day SMA and -9.03% lower than its 100-day SMA. However, the stock’s current price level is -2.71% below the SMA50 and -16.81% below the SMA200.

The stochastic %K and %D were 28.18% and 28.18%, respectively, and the average true range (ATR) was 0.16. With the 14-day stochastic at 0.00% and the average true range at 0.16, the RSI (14) stands at 30.70%. The stock has reached -0.19 on the 9-day MACD Oscillator while the 14-day reading was at -0.22.

Analyst Ratings

Raymond James upgraded Prospect Capital Corporation (NASDAQ: PSEC) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for Prospect Capital Corporation (PSEC) among analysts is Underweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell PSEC, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is PSEC’s price target for the next 12 months?

Analysts predict a range of price targets between $6.00 and $6.00, with a median target of $6.00. Taking a look at these predictions, the average price target given by analysts for Prospect Capital Corporation (PSEC) stock is $6.00.


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