PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) finished Friday with a subtraction of -$0.06 to close at $10.76, a downside of -0.55 percent. An average of 603,240 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 463,400 shares traded, while the 50-day average volume stands at 896,228.
PFLT stock has decreased by 0.00% in the last month. The company shares reached their 1-month lowest point of $10.64 on 08/10/23. With the stock rallying to its 52-week high on 01/12/23, shares of the company touched a low of $9.43 and a high of $12.45 in 52 weeks. It has reached a new high 6 times so far this year and lost -2.00% or -$0.22 in price. In spite of this, the price is down -13.57% from the 52-week high.
Valuation Metrics
PennantPark Floating Rate Capital Ltd. (PFLT) stock’s beta is 1.63. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.44, the price-to-book (PB) ratio at 0.96.
Financial Health
Its gross profit as reported stood at $48.58 million compared to revenue of $105.48 million.
Earnings Surprise
For the three-month period that ended June 29, PennantPark Floating Rate Capital Ltd. had $197.69 million in total debt. The analyst consensus anticipated PennantPark Floating Rate Capital Ltd.’s latest quarter earnings to come in at $0.36 per share, but it turned out to be $0.36, a 0.00% surprise. For the quarter, EBITDA amounted to $34.7 million. Shareholders own equity worth $58.73 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at PennantPark Floating Rate Capital Ltd. (PFLT) price momentum. RSI 9-day as of the close on 11 August was 32.80%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.22%.
As of today, PFLT’s price is $11.12 -5.45% or -$0.62 from its 5-day moving average. PFLT is currently trading +0.56% higher than its 20-day SMA and +5.28% higher than its 100-day SMA. However, the stock’s current price level is +2.87% above the SMA50 and +2.18% above the SMA200.
The stochastic %K and %D were 36.62% and 59.79%, respectively, and the average true range (ATR) was 0.21. With the 14-day stochastic at 15.00% and the average true range at 0.20, the RSI (14) stands at 40.42%. The stock has reached -0.24 on the 9-day MACD Oscillator while the 14-day reading was at -0.22.
Analyst Ratings
UBS launched coverage on PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) in its analyst report released on June 08, 2023. The firm assigned the stock a Neutral rating.
