The stock of Prospect Capital Corporation (NASDAQ:PSEC) decreased by -$0.06 on Monday to $6.01, down -1.07 percent. The last five days have seen an average of 1,472,616 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$0.98. The average number of shares traded over the last 20 days was 1,385,429, while the average volume over the last 50 days totaled 1,332,704.
PSEC stock dropped -7.04% since last month. On 08/28/23, the company’s shares reached a one-month low of $5.99. The stock touched a high of $8.07 on 02/17/23, after rallying from a low of $5.92 in 52 weeks. The price of PSEC stock has declined by -14.09% or -$0.98 this year, reaching a new high 13 times. Still, the stock price is down -25.56% from the 52-week high.
Insider Transactions
PSEC stock investors should be aware that Prospect Capital Corporation (PSEC) stock had its last reported insider trading activity 108 days ago on May 12. On May 12, CHIEF EXECUTIVE OFFICER Barry John F acquired 100,000 shares at $6.09 each. This transaction resulted in the insider spending $609,000. On May 11, Barry John F added 100,000 shares at a price of US$6.28. After the transaction, the insider now owns 72,599,542 shares. CFO, TREASURER, SECRETARY, CCO Van Dask Kristin Lea had earlier bought 6,000 shares on Mar 14 for $6.87 a share. The transaction was completed for $41,220.
Valuation Metrics
Beta for the stock is 0.98. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.96, the price-to-book (PB) ratio of 0.63.
Company paid $0.06 per share in dividends, remained unchanged from $0.06 last year.
Financial Health
Based on annual data, it had gross profit of $343.9 million and revenue of $710.9 million.
Earnings Surprise
According to Prospect Capital Corporation’s quarterly financial report for the quarter that ended March 30. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Prospect Capital Corporation’s quarterly earnings would be $0.26, but it ended up being $0.23, beating the consensus by 13.00%. EBITDA was $138.57 million for the quarter. At the end of Prospect Capital Corporation’s most recent quarter ended March 30, its total debt was $2.45 billion. Equity owned by shareholders amounts to $402.17 million.
Technical Picture
Here’s a quick look at Prospect Capital Corporation’s (PSEC) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 24.88%, suggesting the stock is oversold, with a 12.80% historical volatility rate.
The stochastic %K and %D were 10.16% and 12.62% respectively, while the average true range (ATR) was 0.10. Based on the 14-day stochastic reading of 4.60%, the RSI (14) reading is 29.86%. On the 9-day MACD Oscillator, the stock is at -0.05, and the 14-day reading is at -0.13.
Analyst Ratings
In its most recent analyst report, Raymond James raised its rating on Prospect Capital Corporation (NASDAQ: PSEC) to a Mkt perform. Prior to this, analysts firm rated the stock as an Underperform. Analysts have assigned Prospect Capital Corporation (PSEC) an Underweight rating. PSEC is a stock that is recommended for selling by 1 brokerage firm, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is PSEC’s price target for the next 12 months?
The current consensus forecast for the stock is between $5.75 and $5.75, with a median target price of $5.75. In analyzing these forecasts, the average price target given by analysts for Prospect Capital Corporation (PSEC) is $5.75.
