Hercules Capital Inc (NYSE:HTGC) price on Friday, February 28, rose 1.75% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $20.91.
A look at the stock’s price movement, the close in the last trading session was $20.55. The PE ratio in trailing twelve months stood at 12.99. Turning to its 52-week performance, $21.97 and $16.75 were the 52-week high and 52-week low respectively. Overall, HTGC moved 1.20% over the past month.
Hercules Capital Inc’s market cap currently stands at around $3.62 billion, with investors looking forward to this quarter’s earnings report slated for in April. The company has a Forward Dividend ratio of 1.59, with its dividend yield at 7.61%. 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 125.43M for the company’s revenue for the quarter, with a low and high estimate of 118.7M and 132.4M respectively. The average forecast suggests up to a 3.19% 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 533.54M, representing a 8.09% 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 HTGC is a 50% 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.
17 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, 14 recommend HTGC 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.
HTGC’s current price about -0.65% and 2.22% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.44, while 7-day volatility ratio is 2.10% and 1.85% in the 30-day chart. Further, Hercules Capital Inc (HTGC) has a beta value of 1.32, and an average true range (ATR) of 0.41. Analysts have given the company’s stock an average 52-week price target of $19.5, forecast between a low of $18 and high of $22. Looking at the price targets, the low is 13.92% off current price level while to achieve the yearly target high, price needs to move -5.21%. Nonetheless, investors will most likely welcome a 6.74% jump to $19.5 which is the analysts’ median price.
If we refocus on Hercules Capital Inc (NYSE:HTGC), historical trading data shows that trading volumes averaged 954.23K over the past 3 months. The company’s latest data on shares outstanding shows there are 173.15 million shares.
The 2.05% of Hercules Capital Inc’s shares are in the hands of company insiders while institutional holders own 28.94% of the company’s shares. Current price change has pushed the stock 4.43% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HTGC stock continues to rise going into the next quarter.
