SuRo Capital Corp. (NASDAQ:SSSS) concluded the trading at $14.66 on Friday, Jan 22, with a rise of 4.64% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $14.01 and 5Y monthly beta was reading 1.54 with its price kept floating in the range of $13.77 and $14.69 on the day. Company’s P/E ratio for the trailing 12 months is 26.46. Considering stock’s 52-week price range provides that SSSS hit a high price of $14.79 and saw its price falling to a low level of $3.56 during that period. Over a period of past 1-month, stock came adding 18.51% in its value.
With its current market valuation of $296.72 Million, SuRo Capital Corp. is set to declare its quarterly results on Mar 08, 2021- Mar 12, 2021. SSSS Stock’s Forward Dividend of 0.87 and its yield of 5.93% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter. Analysts are in estimates of $0.53 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving down to $1.03 for 2021 with estimates of that growing to $1.95 in next year. These estimates are suggesting current year growth of -0.1% for EPS and 0.89% growth next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $280Million. They suggested that in the process company could generate revenue of as low as $280Million which could climb up to $280Million to hit a high. The average estimate is representing an increase of -30% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $840Million in 2021, which will be -43.9% less from revenue generated by the company last year.
In contrast, when we review SSSS stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.
Having a second look at SuRo Capital Corp. (NASDAQ:SSSS) provides that stock’s average daily trading volume for 3 months was 397.13 Million, while it dropped to 288.7 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 19.91 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 17.45% while it is 20.29% for the institutional holders. The figures also indicate that as of December 30, 2020, number of stock’s short shares was 1350000 which implies a short ratio of 3.92. This shows up a 6.8% of Short Interest in company’s outstanding shares on the day. In December the standing of shares short improved as it was 1.25 Million in the previous month. Addition of +11.99% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
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