The stock of Hercules Capital Inc. (NYSE:HTGC) increased by $0.34 on Wednesday to $16.67, up 2.11 percent. The last five days have seen an average of 976,393 shares of common stock traded. 24 times new highs were reached in the current year, with a gain of $3.40. The average number of shares traded over the last 20 days was 1,344,273, while the average volume over the last 50 days totaled 1,040,869.
HTGC stock dropped -1.27% since last month. On 08/22/23, the company’s shares reached a one-month low of $16.11. The stock touched a high of $17.97 on 08/07/23, after rallying from a low of $10.82 in 52 weeks. The price of HTGC stock has risen by 28.15% or $3.40 this year, reaching a new high 24 times. Still, the stock price is down -7.18% from the 52-week high.
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Insider Transactions
HTGC stock investors should be aware that Hercules Capital Inc. (HTGC) stock had its last reported insider trading activity 98 days ago on May 24. On May 24, Chief Operating Officer Follmann Christian acquired 455 shares at $13.73 each. This transaction resulted in the insider spending $6,247. On May 24, Follmann Christian sold 455 shares at a price of US$13.72. After the transaction, the insider now owns 72,179 shares. Director CROWELL GAYLE A had earlier bought 7,200 shares on May 08 for $13.66 a share. The transaction was completed for $98,352.
Valuation Metrics
Hercules Capital Inc. (HTGC) has a trailing price-to-earnings (P/E) ratio of 7.52. Beta for the stock is 1.38. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.21, the price-to-book (PB) ratio of 1.49.
Company paid $0.48 per share in dividends, an increase of 2.13% from $0.47 last year. A $0.01 dividend increase was reported on Tuesday August 1 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.00, and the total debt to equity ratio is 1.00. As far as profitability goes, gross margin for the trailing twelve months is 81.90% percent. Hercules Capital Inc.’s operating margin stood at 62.40% for the same period. Based on annual data, it had gross profit of $141.94 million and revenue of $321.69 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HTGC’s return on assets (ROA) during the last 12 months has been 9.70%. There was a 6.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 20.70%.
Earnings Surprise
According to Hercules Capital Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Hercules Capital Inc.’s quarterly earnings would be $0.53, but it ended up being $0.49, beating the consensus by 8.20%. EBITDA was $92.28 million for the quarter. At the end of Hercules Capital Inc.’s most recent quarter ended June 29, its liabilities totaled 1.64 billion, while its total debt was $1.59 billion. Equity owned by shareholders amounts to $144.6 million.
Technical Picture
Here’s a quick look at Hercules Capital Inc.’s (HTGC) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 52.42%, suggesting the stock is Neutral, with a 28.35% historical volatility rate.
The stochastic %K and %D were 27.99% and 23.03% respectively, while the average true range (ATR) was 0.38. Based on the 14-day stochastic reading of 45.18%, the RSI (14) reading is 52.79%. On the 9-day MACD Oscillator, the stock is at 0.04, and the 14-day reading is at -0.15.
Analyst Ratings
In its most recent analyst report, Compass Point raised its rating on Hercules Capital Inc. (NYSE: HTGC) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Hercules Capital Inc. (HTGC) an Overweight rating. HTGC is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 6 others recommend it as a buy.
What is HTGC’s price target for the next 12 months?
The current consensus forecast for the stock is between $15.00 and $20.00, with a median target price of $17.75. In analyzing these forecasts, the average price target given by analysts for Hercules Capital Inc. (HTGC) is $17.69.
