Golub Capital BDC Inc. (NASDAQ:GBDC) saw an upside of 0.48% to close Friday at $14.77 after adding $0.07 on the day. The 5-day average trading volume is 625,680 shares of the company’s common stock. It has gained $14.88 in the past week and touched a new high 3 times within the past 5 days. An average of 644,890 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 628,688.
GBDC’s 1-month performance is 8.90% or $1.19 on its low of $13.52 reached on 07/20/23. The company’s shares have touched a 52-week low of $11.91 and high of $15.06, with the stock’s rally to the 52-week high happening on 08/10/23. YTD, GBDC has achieved 12.54% or $1.61 and has reached a new high 12 times. However, the current price is down -1.92% from the 52-week high price.
Valuation Metrics
GBDC stock has a beta of 0.64. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.47 while the price-to-book (PB) in the most recent quarter is 1.00, with the price to cash flow ratio at 8.59.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.25, while the total debt to equity was 1.25. In terms of profitability, the gross margin trailing 12 months is 49.50%. The firm’s gross profit as reported stood at $196.19 million against revenue of $387.8 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 GBDC to announce $0.41 per share in earnings in its latest quarter, but it posted $0.43, representing a 4.90% surprise. EBITDA for the quarter stood at more than $112.08 million. Shareholders hold equity totaling $169.59 million.
Let’s look briefly at Golub Capital BDC Inc. (GBDC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 69.43% to suggest the stock is trending Neutral, with historical volatility in this time period at 25.52%.
The stock’s 5-day moving average is $14.77, reflecting a unch or $unch change from its current price. GBDC is currently trading +7.50% above its 20-day SMA, +12.92% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +10.55% and SMA200 by+13.88%.
Stochastic %K and %D was 74.55% and 75.89% and the average true range (ATR) pointed at 0.22. The RSI (14) points at 70.42%, while the 14-day stochastic is at 75.05% with the period’s ATR at 0.21. The stock’s 9-day MACD Oscillator is pointing at 0.00 and 0.28 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Golub Capital BDC Inc. (NASDAQ: GBDC), Raymond James upgraded it to an Outperform rating. They previously had a Mkt perform rating on the stock. Analysts offering their rating for GBDC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate GBDC as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 2 have offered a “buy” rating.
What is GBDC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $15.00 and a high of $16.50, with their median price target at $15.50. Looking at these predictions, the average price target given by analysts is for Golub Capital BDC Inc. (GBDC) stock is $15.70.
