Main Street Capital Corporation (NYSE:MAIN) price on Friday, January 17, fall -0.73% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $60.04.
A look at the stock’s price movement, the close in the last trading session was $60.48, moving within a range at $59.41 and $60.87. The beta value (5-Year monthly) was 1.292 while the PE ratio in trailing twelve months stood at 10.89. Turning to its 52-week performance, $60.53 and $42.45 were the 52-week high and 52-week low respectively. Overall, MAIN moved 9.10% over the past month.
Main Street Capital Corporation’s market cap currently stands at around $5.29 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 2.88, with its dividend yield at 4.80%. 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 141.4M for the company’s revenue for the quarter, with a low and high estimate of 139.91M and 142.39M respectively. The average forecast suggests up to a 9.35% 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 541.99M, representing a 8.31% jump 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 MAIN 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.
7 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 3 analyst(s) rate the stock as a Hold, 4 recommend MAIN 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.
MAIN’s current price about 3.42% and 8.39% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 69.81, while 7-day volatility ratio is 1.70% and 1.73% in the 30-day chart. Further, Main Street Capital Corporation (MAIN) has a beta value of 1.28, and an average true range (ATR) of 0.97. Analysts have given the company’s stock an average 52-week price target of $52, forecast between a low of $52 and high of $52. Looking at the price targets, the low is 13.39% off current price level while to achieve the yearly target high, price needs to move 13.39%. Nonetheless, investors will most likely welcome a 13.39% jump to $52 which is the analysts’ median price.
If we refocus on Main Street Capital Corporation (NYSE:MAIN), historical trading data shows that trading volumes averaged 0.52 over the past 10 days and 429.79K over the past 3 months. The company’s latest data on shares outstanding shows there are 88.06 million shares.
The 4.20% of Main Street Capital Corporation’s shares are in the hands of company insiders while institutional holders own 21.34% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.19 million on 2024-12-31, giving us a short ratio of 9.44. The data shows that as of 2024-12-31 short interest in Main Street Capital Corporation (MAIN) stood at 493.0 of shares outstanding, with shares short rising to 3.58 million registered in 2024-11-29. Current price change has pushed the stock 2.49% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MAIN stock continues to rise going into the next quarter.
