Golub Capital BDC Inc. (NASDAQ:GBDC) finished Friday with an addition of $0.27 to close at $14.67, an upside of 1.88 percent. An average of 774,560 shares of common stock have been traded in the last five days. There was a gain of $0.35 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 562,000 shares traded, while the 50-day average volume stands at 604,828.
GBDC stock has decreased by -1.01% in the last month. The company shares reached their 1-month lowest point of $14.13 on 09/26/23. With the stock rallying to its 52-week high on 08/10/23, shares of the company touched a low of $11.91 and a high of $15.06 in 52 weeks. It has reached a new high 12 times so far this year and achieved 11.78% or $1.51 in price. In spite of this, the price is down -2.58% from the 52-week high.
Valuation Metrics
Golub Capital BDC Inc. (GBDC) has a trailing price-to-earnings (P/E) ratio of 15.14. The stock’s beta is 0.65. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.44, the price-to-book (PB) ratio at 0.99, and the price-to-cash flow ratio at 8.54.
Financial Health
Further, the company has a long term debt to equity ratio of 1.25 and a total debt to equity ratio of 1.25 for the quarter ending June 29. Its gross profit as reported stood at $196.19 million compared to revenue of $387.8 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Golub Capital BDC Inc.’s return on assets was 2.90%.
Earnings Surprise
The analyst consensus anticipated Golub Capital BDC Inc.’s latest quarter earnings to come in at $0.41 per share, but it turned out to be $0.43, a 4.90% surprise. For the quarter, EBITDA amounted to $112.08 million. At the end of the quarter ending June 29, Golub Capital BDC Inc.’s stock balance sheet showed total debt was $3.15 billion. Shareholders own equity worth $169.59 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Golub Capital BDC Inc. (GBDC) price momentum. RSI 9-day as of the close on 29 September was 65.30%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.07%.
As of today, GBDC’s price is $14.36 +2.44% or $0.35 from its 5-day moving average. GBDC is currently trading +2.02% higher than its 20-day SMA and +9.40% higher than its 100-day SMA. However, the stock’s current price level is +7.87% above the SMA50 and +11.22% above the SMA200.
The stochastic %K and %D were 53.17% and 36.66%, respectively, and the average true range (ATR) was 0.21. With the 14-day stochastic at 77.70% and the average true range at 0.20, the RSI (14) stands at 60.60%. The stock has reached 0.06 on the 9-day MACD Oscillator while the 14-day reading was at 0.10.
Analyst Ratings
Raymond James upgraded Golub Capital BDC Inc. (NASDAQ: GBDC) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Mkt perform. The consensus rating for Golub Capital BDC Inc. (GBDC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GBDC, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 2 others rate it as a “buy”.
What is GBDC’s price target for the next 12 months?
Analysts predict a range of price targets between $15.00 and $16.50, with a median target of $15.50. Taking a look at these predictions, the average price target given by analysts for Golub Capital BDC Inc. (GBDC) stock is $15.70.
