Prospect Capital Corp (NASDAQ:PSEC) shares, rose in value on Friday, August 30, with the stock price up by 3.70% to the previous day’s close as strong demand from buyers drove the stock to $5.18.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.00, falling within a range of $4.995 and $5.215. The value of beta (5-year monthly) is 0.998 whereas the PE ratio is 17.28 over 12-month period. Referring to stock’s 52-week performance, its high was $6.30, and the low was $4.69. On the whole, PSEC has fluctuated by -4.16% over the past month.
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With the market capitalization of Prospect Capital Corp currently standing at about $2.17 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-06. The company’s Forward Dividend Ratio is 0.72, with its dividend yield at 13.89%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 782.73M, with a low estimate of 204.76M and a high estimate of 204.76M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 204.76M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PSEC’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.46, with the price of PSEC currently trading nearly 3.72% and -2.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.29, while the 7-day volatility ratio is showing 1.97% which for the 30-day chart, stands at 2.69%. Furthermore, Prospect Capital Corp (PSEC)’s beta value is 1.00, and its average true range (ATR) is 0.12.
A comparison of Prospect Capital Corp (PSEC) with its peers suggests the former has fared considerably weaker in the market. PSEC showed an intraday change of 3.70% in today’s session so far, and over the past year, it shrunk by -14.58%%.
Data on historical trading for Prospect Capital Corp (NASDAQ:PSEC) indicates that the trading volumes over the past 10 days have averaged 2.91 and over the past 3 months, they’ve averaged 2.21 million. According to company’s latest data on outstanding shares, there are 417.76 million shares outstanding.
Nearly 26.72% of Prospect Capital Corp’s shares belong to company insiders and institutional investors own 10.51% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 21.71 million shares as on 2024-08-15, resulting in a short ratio of 7.48. According to the data, the short interest in Prospect Capital Corp (PSEC) stood at 707.00 of shares outstanding as of 2024-08-15; the number of short shares registered in 2024-07-15 reached 22.26 million. The stock has fallen by -13.44% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PSEC stock heading into the next quarter.
