The stock of Prospect Capital Corporation (NASDAQ:PSEC) increased by $0.03 on Wednesday to $6.18, up 0.57 percent. The last five days have seen an average of 1,308,961 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$0.81. The average number of shares traded over the last 20 days was 1,467,615, while the average volume over the last 50 days totaled 1,433,932.
PSEC stock appreciated 1.06% since last month. On 09/07/23, the company’s shares reached a one-month low of $5.91. The stock touched a high of $7.83 on 02/17/23, after rallying from a low of $5.91 in 52 weeks. The price of PSEC stock has declined by -11.52% or -$0.81 this year, reaching a new high 13 times. Still, the stock price is down -21.01% 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 8 days ago on Sep 12. On Sep 12, CHIEF EXECUTIVE OFFICER Barry John F acquired 166,160 shares at $5.99 each. This transaction resulted in the insider spending $995,298. On Sep 11, Barry John F added 16,520 shares at a price of US$5.99. After the transaction, the insider now owns 72,752,728 shares. Director Stark Eugene S had earlier bought 3,000 shares on Sep 11 for $6.00 a share. The transaction was completed for $18,000.
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 0.65.
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 $420.93 million and revenue of $852.21 million.
Earnings Surprise
According to Prospect Capital Corporation’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 Prospect Capital Corporation’s quarterly earnings would be $0.28, but it ended up being $0.21, beating the consensus by 33.30%. EBITDA was $167.39 million for the quarter. At the end of Prospect Capital Corporation’s most recent quarter ended June 29, its total debt was $2.58 billion. Equity owned by shareholders amounts to $407.57 million.
Technical Picture
Here’s a quick look at Prospect Capital Corporation’s (PSEC) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 58.38%, suggesting the stock is Neutral, with a 15.76% historical volatility rate.
The stochastic %K and %D were 77.29% and 85.67% respectively, while the average true range (ATR) was 0.08. Based on the 14-day stochastic reading of 75.36%, the RSI (14) reading is 53.80%. On the 9-day MACD Oscillator, the stock is at 0.08, and the 14-day reading is at 0.12.
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.
