TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) finished Friday with a subtraction of -$0.14 to close at $10.43, a downside of -1.32 percent. An average of 570,120 shares of common stock have been traded in the last five days. There was a fall of -$0.62 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 537,765 shares traded, while the 50-day average volume stands at 342,602.
TPVG stock has decreased by -18.64% in the last month. The company shares reached their 1-month lowest point of $10.27 on 12/20/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $10.17 and a high of $18.14 in 52 weeks. It has reached a new high 2 times so far this year and lost -41.38% or -$7.53 in price. In spite of this, the price is down -42.50% from the 52-week high.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our 5 Best Growth Stocks To Own For 2023.
TriplePoint Venture Growth BDC Corp. (TPVG) has a trailing price-to-earnings (P/E) ratio of 57.94. The stock’s beta is 1.72. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.97, the price-to-book (PB) ratio at 0.78.
The company has a payout ratio of 802.00%. The company’s most recent quarterly dividend payment was $0.37 a share, representing a up of 2.78% from $0.36 last year. Its latest increase dividend $0.01 reported on Friday October 28 2022.
Further, the company has a long term debt to equity ratio of 1.14 and a total debt to equity ratio of 1.14 for the quarter ending June 29. Its gross profit as reported stood at $41.1 million compared to revenue of $87.39 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, TriplePoint Venture Growth BDC Corp.’s return on assets was 0.60%.
The analyst consensus anticipated TriplePoint Venture Growth BDC Corp.’s latest quarter earnings to come in at $0.37 per share, but it turned out to be $0.41, a 10.80% surprise. For the quarter, EBITDA amounted to $23.18 million. At the end of the quarter ending June 29, TriplePoint Venture Growth BDC Corp.’s stock balance sheet showed total debt was $496.52 million. Shareholders own equity worth $35.28 million.
From a technical analysis perspective, let’s take a brief look at TriplePoint Venture Growth BDC Corp. (TPVG) price momentum. RSI 9-day as of the close on 30 December was 22.86%, suggesting the stock is oversold, with historical volatility in this time frame at 40.79%.
As of today, TPVG’s price is $10.70 -5.61% or -$0.62 from its 5-day moving average. TPVG is currently trading -18.90% lower than its 20-day SMA and -23.31% lower than its 100-day SMA. However, the stock’s current price level is -11.23% below the SMA50 and -39.04% below the SMA200.
The stochastic %K and %D were 9.18% and 14.97%, respectively, and the average true range (ATR) was 0.40. With the 14-day stochastic at 6.03% and the average true range at 0.40, the RSI (14) stands at 27.03%. The stock has reached -0.25 on the 9-day MACD Oscillator while the 14-day reading was at -0.56.
Keefe Bruyette downgraded TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Mkt perform. The consensus rating for TriplePoint Venture Growth BDC Corp. (TPVG) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell TPVG, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.