At the last check on Friday, Hercules Capital Inc.’s (NYSE:HTGC) stock was up $0.75, moving up 4.39 percent to $17.83. The average number of shares traded per day over the past five days has been 1,005,364 shares. 5 times new highs have been achieved over the past 5 days, with a $1.33 gain in that time frame. In the last twenty days, the average volume was 901,406, while in the previous 50 days, it was 885,986.
Since last month, HTGC stock rose 19.66%. Shares of the company fell to $14.62 on 07/06/23, the lowest level in the past month. A 52-week high of $17.10 was reached on 08/04/23 after having rallying from a 52-week low of $10.87. Since the beginning of this year, HTGC’s stock price has risen by 36.38% or $4.70, and marked a new high 23 times. However, the stock has increased by 4.24% since its 52-week high.
HTGC stock investors should be aware that Hercules Capital Inc. (HTGC) stock had its last reported insider trading activity 72 days ago on May 24. Follmann Christian, the Chief Operating Officer of the company, purchased of 455 shares for $13.73 on May 24. It resulted in a $6,247 investment by the insider. Follmann Christian sold 455 shares at an average price of $13.72 on May 24. The insider now owns 72,179 shares following the transaction. On May 08, Director CROWELL GAYLE A bought 7,200 shares at $13.66 apiece. The transaction was valued at $98,352.
Valuation Metrics
Right now, Hercules Capital Inc. (HTGC) has a P/E ratio of about 12.13. The stock’s beta is 1.37. Besides these, the trailing price-to-sales (P/S) ratio of 6.97, the price-to-book (PB) ratio of 1.61.
The latest dividend of $0.48 per share was paid out, which is 2.13% more than last year’s $0.47.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.14, and the total debt-to-equity ratio was 1.14. On the profitability front, the trailing twelve-month gross margin is 81.20% percent. In the year ended June 29, operating margins totaled 60.20%. Based on annual data, HTGC earned $141.94 million in gross profit and brought in $321.69 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.20%. Return on equity (ROE) for the past 12 months was 14.10%.
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 Hercules Capital Inc. to report $0.49 quarterly earnings, the actual figure was $0.53 per share, beating the consensus estimate by 8.20%. During the quarter, the company generated $81.21 million in EBITDA. The liabilities of Hercules Capital Inc. were 1.75 billion at the end of its most recent quarter ended June 29, and its total debt was $1.72 billion. The value of shareholders’ equity is $142.43 million.
Technical Picture
This quick technical analysis looks at Hercules Capital Inc.’s (HTGC) price momentum. With a historical volatility rate of 23.04%, the RSI 9-day stood at 89.49% on 03 August.
With respect to its five-day moving average, the current Hercules Capital Inc. price is up by +8.00% percent or $1.33. At present, HTGC shares trade +18.97% above its 20-day simple moving average and +54.99% percent above its 100-day simple moving average. However, the stock is currently trading approximately +30.59% above its SMA50 and +38.46% above its SMA200.
Stochastic coefficient K was 96.87% and Stochastic coefficient D was 95.10%, while ATR was 0.35. Given the Stochastic reading of 99.86% for the 14-day period, the RSI (14) reading has been calculated as 85.22%. As of today, the MACD Oscillator reading stands at 0.48, while the 14-day reading stands at 0.65.
Analyst Ratings
Keefe Bruyette upgraded its rating on Hercules Capital Inc. (NYSE: HTGC) to a Mkt perform in a note to investors on Aug-04-23. The analysts firm previously had an Underperform rating on the stock.Hercules Capital Inc. (HTGC) has been rated Overweight by analysts. According to 1 brokerage firm, HTGC is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Hercules Capital Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $15.75, the current consensus forecast for the stock is $13.50 – $20.00. Based on these forecasts, analysts predict Hercules Capital Inc. (HTGC) will achieve an average price target of $16.25.
