Oaktree Specialty Lending Corporation (NASDAQ:OCSL) saw an upside of 0.46% to close Friday at $19.59 after adding $0.09 on the day. The 5-day average trading volume is 449,480 shares of the company’s common stock. It has gained $20.05 in the past week and touched a new high 1 time within the past 5 days. An average of 498,170 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 479,374.
OCSL’s 1-month performance is -2.68% or -$0.63 on its low of $19.44 reached on 08/18/23. The company’s shares have touched a 52-week low of $17.25 and high of $21.48, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, OCSL has lost -4.95% or -$1.02 and has reached a new high 6 times. However, the current price is down -8.80% from the 52-week high price.
Valuation Metrics
OCSL stock has a beta of 1.20. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.34 while the price-to-book (PB) in the most recent quarter is 1.00.
The firm’s gross profit as reported stood at $200.69 million against revenue of $262.52 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected OCSL to announce $0.64 per share in earnings in its latest quarter, but it posted $0.62, representing a -3.10% surprise. EBITDA for the quarter stood at more than $79.28 million. OCSL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.83 billion, with total debt at $1.78 billion. Shareholders hold equity totaling $77.08 million.
Let’s look briefly at Oaktree Specialty Lending Corporation (OCSL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 33.19% to suggest the stock is trending Neutral, with historical volatility in this time period at 8.83%.
The stock’s 5-day moving average is $19.69, reflecting a -1.76% or -$0.35 change from its current price. OCSL is currently trading -2.39% above its 20-day SMA, +6.24% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -0.25% and SMA200 by-1.06%.
Stochastic %K and %D was 10.02% and 8.23% and the average true range (ATR) pointed at 0.24. The RSI (14) points at 40.32%, while the 14-day stochastic is at 13.95% with the period’s ATR at 0.25. The stock’s 9-day MACD Oscillator is pointing at -0.26 and -0.41 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Oaktree Specialty Lending Corporation (NASDAQ: OCSL), Hovde Group downgraded it to a Market perform rating. They previously had an Outperform rating on the stock.
