Prospect Capital Corp (NASDAQ:PSEC) shares, rose in value, with the stock price up by 0.31% to the previous day’s close as strong demand from buyers drove the stock to $3.25.
Actively observing the price movement in the recent trading, the stock is buoying the session at $3.24. Referring to stock’s 52-week performance, its high was $5.67, and the low was $3.23. On the whole, PSEC has fluctuated by -8.96% over the past month.
With the market capitalization of Prospect Capital Corp currently standing at about $1.47 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.61, with its dividend yield at 18.92%.
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 100% 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 price of PSEC currently trading nearly -7.85% and -11.87% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.78, while the 7-day volatility ratio is showing 2.21% which for the 30-day chart, stands at 1.98%. Furthermore, Prospect Capital Corp (PSEC)’s beta value is 0.83, and its average true range (ATR) is 0.09.
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 0.31% in today’s session so far, and over the past year, it shrunk by -42.68%%.
Data on historical trading for Prospect Capital Corp (NASDAQ:PSEC) indicates that the trading volumes over the past 3 months, they’ve averaged 3.25 million. According to company’s latest data on outstanding shares, there are 451.53 million shares outstanding.
Nearly 28.48% of Prospect Capital Corp’s shares belong to company insiders and institutional investors own 11.02% of the company’s shares. The stock has fallen by -24.59% 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.
