SuRo Capital Corp (NASDAQ:SSSS) shares, rose in value on Friday, October 11, with the stock price up by 24.06% to the previous day’s close as strong demand from buyers drove the stock to $4.80.
Actively observing the price movement in the recent trading, the stock is buoying the session at $3.87, falling within a range of $4.0096 and $4.92. The value of beta (5-year monthly) is 1.448. Referring to stock’s 52-week performance, its high was $4.72, and the low was $3.32. On the whole, SSSS has fluctuated by 25.36% over the past month.
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With the market capitalization of SuRo Capital Corp currently standing at about $112.65 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-06.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.68M, with a low estimate of 1.1M and a high estimate of 1.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.1M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SSSS’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The price of SSSS currently trading nearly 19.77% and 22.35% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 75.33, while the 7-day volatility ratio is showing 3.58% which for the 30-day chart, stands at 3.58%. Furthermore, SuRo Capital Corp (SSSS)’s beta value is 1.46, and its average true range (ATR) is 0.20.
A comparison of SuRo Capital Corp (SSSS) with its peers suggests the former has fared considerably weaker in the market. SSSS showed an intraday change of 24.06% in today’s session so far, and over the past year, it grew by 18.55%%.
Data on historical trading for SuRo Capital Corp (NASDAQ:SSSS) indicates that the trading volumes over the past 10 days have averaged 42290.0 and over the past 3 months, they’ve averaged 39.67K. According to company’s latest data on outstanding shares, there are 23.38 million shares outstanding.
Nearly 6.22% of SuRo Capital Corp’s shares belong to company insiders and institutional investors own 16.25% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 65733.0 shares as on 2024-09-30, resulting in a short ratio of 2.12. According to the data, the short interest in SuRo Capital Corp (SSSS) stood at 30.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 64847.0. The stock has risen by 21.86% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SSSS stock heading into the next quarter.
