Prospect Capital Corporation (NASDAQ:PSEC) saw a downside of -1.69% to $6.05 after subtracting -$0.1 on Tuesday. The 5-day average trading volume is 1,193,695 shares of the company’s common stock. It has gained $6.22 in the past week and touched a new high 1 time within the past 5 days. An average of 1,432,399 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,455,534.
PSEC’s 1-month performance is -0.39% or -$0.03 on its low of $5.91 reached on 09/07/23. The company’s shares have touched a 52-week low of $5.91 and high of $7.83, with the stock’s rally to the 52-week high happening on 02/17/23. YTD, PSEC has lost -13.50% or -$0.95 and has reached a new high 13 times. However, the current price is down -22.78% from the 52-week high price.
Valuation Metrics
PSEC stock has a beta of 0.97. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.90 while the price-to-book (PB) in the most recent quarter is 0.65.
The firm’s gross profit as reported stood at $420.93 million against revenue of $852.21 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 PSEC to announce $0.21 per share in earnings in its latest quarter, but it posted $0.28, representing a 33.30% surprise. EBITDA for the quarter stood at more than $167.39 million. Shareholders hold equity totaling $407.57 million.
Let’s look briefly at Prospect Capital Corporation (PSEC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 44.24% to suggest the stock is trending Neutral, with historical volatility in this time period at 22.77%.
The stock’s 5-day moving average is $6.10, reflecting a -1.79% or -$0.11 change from its current price. PSEC is currently trading +0.50% above its 20-day SMA, -3.82% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -6.65% and SMA200 by-15.64%.
Stochastic %K and %D was 53.62% and 52.98% and the average true range (ATR) pointed at 0.10. The RSI (14) points at 44.86%, while the 14-day stochastic is at 36.23% with the period’s ATR at 0.09. The stock’s 9-day MACD Oscillator is pointing at -0.04 and 0.02 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Prospect Capital Corporation (NASDAQ: PSEC), Raymond James upgraded it to a Mkt perform rating. They previously had an Underperform rating on the stock. Analysts offering their rating for PSEC stock have a consensus rating for the stock as Underweight. Currently, 1 brokerage advisors rate PSEC as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is PSEC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $5.75 and a high of $5.75, with their median price target at $5.75. Looking at these predictions, the average price target given by analysts is for Prospect Capital Corporation (PSEC) stock is $5.75.
