Hercules Capital Inc (NYSE:HTGC) saw an upside of 1.17% to close Friday at $16.43 after adding $0.19 on the day. The 5-day average trading volume is 570,820 shares of the company’s common stock. It has gained $16.76 in the past week and touched a new high 3 times within the past 5 days. An average of 801,050 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,021,714.
HTGC’s 1-month performance is 0.37% or $0.28 on its low of $15.73 reached on 09/07/23. The company’s shares have touched a 52-week low of $10.82 and high of $17.97, with the stock’s rally to the 52-week high happening on 08/07/23. YTD, HTGC has achieved 26.26% or $3.21 and has reached a new high 24 times. However, the current price is down -8.54% from the 52-week high price.
Insider Transactions
HTGC stock investors last saw insider trading activity on May 24.Follmann Christian (Chief Operating Officer) most recently sold 455 shares at $13.72 per share on May 24. This transaction cost the insider $6,243. Chief Executive Officer, Bluestein Scott, sold 100,000 shares at a price of $14.16 on Nov 21.
Valuation Metrics
HTGC stock has a beta of 1.37. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.95 while the price-to-book (PB) in the most recent quarter is 1.50, with the price to cash flow ratio at 9.71.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.00, while the total debt to equity was 1.00. In terms of profitability, the gross margin trailing 12 months is 97.78%. The firm’s gross profit as reported stood at $141.94 million against revenue of $321.69 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 HTGC to announce $0.49 per share in earnings in its latest quarter, but it posted $0.53, representing a 8.20% surprise. EBITDA for the quarter stood at more than $92.28 million. HTGC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.64 billion, with total debt at $1.59 billion. Shareholders hold equity totaling $144.6 million.
Let’s look briefly at Hercules Capital Inc (HTGC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 52.76% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.92%.
The stock’s 5-day moving average is $16.46, reflecting a -0.42% or -$0.07 change from its current price. HTGC is currently trading +0.67% above its 20-day SMA, +24.47% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +3.01% and SMA200 by+19.49%.
Stochastic %K and %D was 67.64% and 71.13% and the average true range (ATR) pointed at 0.27. The RSI (14) points at 51.71%, while the 14-day stochastic is at 68.28% with the period’s ATR at 0.29. The stock’s 9-day MACD Oscillator is pointing at 0.04 and 0.18 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Hercules Capital Inc (NYSE: HTGC), Compass Point upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for HTGC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate HTGC as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 6 have offered a “buy” rating.
What is HTGC’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 $20.00, with their median price target at $17.75. Looking at these predictions, the average price target given by analysts is for Hercules Capital Inc (HTGC) stock is $17.69.
