As of Wednesday close, Prospect Capital Corporation’s (NASDAQ:PSEC) stock was up $0.02, moving up 0.32 percent to $6.25. The average number of shares traded per day over the past five days has been 1,005,660 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.09 fall in that time frame. In the last twenty days, the average volume was 1,429,065, while in the previous 50 days, it was 1,260,446.
Since last month, PSEC stock retreated -3.99%. Shares of the company fell to $6.22 on 08/15/23, the lowest level in the past month. A 52-week high of $8.19 was reached on 02/17/23 after having rallying from a 52-week low of $5.92. Since the beginning of this year, PSEC’s stock price has dropped by -10.59% or -$0.74, and marked a new high 13 times. However, the stock has declined by -23.69% since its 52-week high.
PSEC stock investors should be aware that Prospect Capital Corporation (PSEC) stock had its last reported insider trading activity 97 days ago on May 12. Barry John F, the CHIEF EXECUTIVE OFFICER of the company, purchased of 100,000 shares for $6.09 on May 12. It resulted in a $609,000 investment by the insider. Barry John F added 100,000 shares at an average price of $6.28 on May 11. The insider now owns 72,599,542 shares following the transaction. On Mar 14, CFO, TREASURER, SECRETARY, CCO Van Dask Kristin Lea bought 6,000 shares at $6.87 apiece. The transaction was valued at $41,220.
Valuation Metrics
The stock’s beta is 0.98. Besides these, the trailing price-to-sales (P/S) ratio of 3.08, the price-to-book (PB) ratio of 0.66.
The latest dividend of $0.06 per share was paid out, remained unchanged from last year’s $0.06.
Financial Health
Based on annual data, PSEC earned $343.9 million in gross profit and brought in $710.9 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 $0.23 quarterly earnings, the actual figure was $0.26 per share, beating the consensus estimate by 13.00%. During the quarter, the company generated $138.57 million in EBITDA. The value of shareholders’ equity is $402.17 million.
Technical Picture
This quick technical analysis looks at Prospect Capital Corporation’s (PSEC) price momentum. With a historical volatility rate of 9.42%, the RSI 9-day stood at 34.67% on 16 August.
With respect to its five-day moving average, the current Prospect Capital Corporation price is down by -1.42% percent or -$0.09. At present, PSEC shares trade -4.58% below its 20-day simple moving average and -7.82% percent below its 100-day simple moving average. However, the stock is currently trading approximately -0.48% below its SMA50 and -12.71% below its SMA200.
Stochastic coefficient K was 11.04% and Stochastic coefficient D was 15.45%, while ATR was 0.08. Given the Stochastic reading of 7.46% for the 14-day period, the RSI (14) reading has been calculated as 39.77%. As of today, the MACD Oscillator reading stands at -0.04, while the 14-day reading stands at -0.07.
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 $5.75, the current consensus forecast for the stock is $5.75 – $5.75. Based on these forecasts, analysts predict Prospect Capital Corporation (PSEC) will achieve an average price target of $5.75.
