SuRo Capital Corp. (NASDAQ:SSSS) traded at $11.36 at last check on Friday, Nov 20, making an upward move of 1.16% on its previous day’s price.
Looking at the stock we see that its previous close was $11.23 and the beta (5Y monthly) reads 1.43 with the day’s price range being $10.85 – 11.72. The company has a 12-month trailing PE ratio of 20.51. In terms of its 52-week price range, SSSS has a high of $14.75 and a low of $3.56. The company’s stock has gained about 35.89% over that past 30 days.
SuRo has a market cap of $225.61 Million and is expected to release its quarterly earnings report on November 05, 2020. With its Forward Dividend at 1 and a yield of 8.8%, the company’s investors could be anxious for the SSSS stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.53, with the EPS growth for the year declined at $1.03 for 2020 and $1.95 for next year. These figures represent -0.1% and at 0.89% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $280Million, with a low of $280Million and a high of $280Million. The median projection represents growth adding up to -30% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $840Million, or -43.9% down from figures reported last year.
On the other hand, looking at the outlook for the SSSS stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 3 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, none have rated the SuRo Capital Corp. (SSSS) stock as a Hold, while 3 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the SSSS stock currently stands at 0, and the current price level is 23.77% off its SMA20 and 14.31% from its 50-day simple moving average. The RSI (14) is pointing at 69.7 while the volatility over the past week is 6.54% and drops to 5.95% over the past one month. The beta value is 1.43, while the average true range (ATR) is currently pointing at 0.55. The average price target for the stock over the next 12 months is $15.33, with the estimates having a low of $15 and a high of $16. These price ends are 32.04% and +40.85% off the current price level respectively, although investors could be excited at the prospect of a +32.04% if the SSSS share price touches on the median price of $15.
Coming back to SuRo Capital Corp. (NASDAQ:SSSS), we note that the average 3-month trading volume was 826.82 Million, while that of the preceding 10-day period stands at 431.1 Million. Current shares outstanding are 19.91 Million.
According to data from Thomson Reuters, insiders hold 19.39% of the company’s shares while institutions hold 20.26%. The data shows that short shares as of October 29, 2020, stood at 1.55 Million at a short ratio of 1.67. This represents a 7.75% Short interest in Shares outstanding on October 29, 2020. Shares short dropped in October from the previous month at 1.82 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +75.36% up in year-to-date price movement.