FS KKR Capital Corp (NYSE:FSK) price on current trading day, rose 0.47% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $21.21.
A look at the stock’s price movement, the level at last check in today’s session was $21.11, moving within a range at $21.18 and $21.3. The beta value (5-Year monthly) was 1.31 while the PE ratio in trailing twelve months stood at 11.28. Turning to its 52-week performance, $21.28 and $18.16 were the 52-week high and 52-week low respectively. Overall, FSK moved 3.62% over the past month.
FS KKR Capital Corp’s market cap currently stands at around $5.94 billion, with investors looking forward to this quarter’s earnings report slated for in December. The company has a Forward Dividend ratio of 2.54, with its dividend yield at 11.99%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 420.77M for the company’s revenue for the quarter, with a low and high estimate of 415.03M and 432M respectively. The average forecast suggests down to a -5.87% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.74B, representing a -5.17% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that FSK is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 1 recommend FSK as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
FSK’s current price about 2.51% and 4.95% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.25, while 7-day volatility ratio is 1.00% and 1.13% in the 30-day chart. Further, FS KKR Capital Corp (FSK) has a beta value of 1.30, and an average true range (ATR) of 0.24. Analysts have given the company’s stock an average 52-week price target of $21, forecast between a low of $21 and high of $21. Looking at the price targets, the low is 0.99% off recent price level in today’s trading while to achieve the yearly target high, it has to move 0.99%. Nonetheless, investors will most likely welcome a 0.99% jump to $21 which is the analysts’ median price.
If we refocus on FS KKR Capital Corp (NYSE:FSK), historical trading data shows that trading volumes averaged 1.37 over the past 10 days and 1.22 million over the past 3 months. The company’s latest data on shares outstanding shows there are 280.07 million shares.
The 0.25% of FS KKR Capital Corp’s shares are in the hands of company insiders while institutional holders own 29.30% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.35 million on 2024-10-31, giving us a short ratio of 2.89. The data shows that as of 2024-10-31 short interest in FS KKR Capital Corp (FSK) stood at 120.0 of shares outstanding, with shares short falling to 3.97 million registered in 2024-09-30. Current price change has pushed the stock 7.71% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FSK stock continues to rise going into the next quarter.
