MidCap Financial Investment Corporation (NASDAQ:MFIC) price on Friday, June 13, fall -2.40% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $12.21.
A look at the stock’s price movement, the close in the last trading session was $12.51. The PE ratio in trailing twelve months stood at 10.18. Turning to its 52-week performance, $15.47 and $10.18 were the 52-week high and 52-week low respectively. Overall, MFIC moved -3.25% over the past month.
MidCap Financial Investment Corporation’s market cap currently stands at around $1.14 billion, with investors looking forward to this quarter’s earnings report slated for in July. The company has a Forward Dividend ratio of 1.52, with its dividend yield at 12.45%. 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 81.7M for the company’s revenue for the quarter, with a low and high estimate of 79M and 83.76M respectively. The average forecast suggests up to a 18.14% 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 324.6M, representing a 7.56% jump on that reported in the last financial year.
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 MFIC 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.
MFIC’s current price about -4.89% and -0.12% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.22, while 7-day volatility ratio is 1.28% and 1.32% in the 30-day chart. Further, MidCap Financial Investment Corporation (MFIC) has a beta value of 1.04, and an average true range (ATR) of 0.27. Analysts have given the company’s stock an average 52-week price target of $16, forecast between a low of $16 and high of $16. Looking at the price targets, the low is -31.04% off current price level while to achieve the yearly target high, price needs to move -31.04%. Nonetheless, investors will most likely welcome a -31.04% jump to $16 which is the analysts’ median price.
If we refocus on MidCap Financial Investment Corporation (NASDAQ:MFIC), historical trading data shows that trading volumes averaged 461.12K over the past 3 months. The company’s latest data on shares outstanding shows there are 93.30 million shares.
The 0.80% of MidCap Financial Investment Corporation’s shares are in the hands of company insiders while institutional holders own 31.81% of the company’s shares. Current price change has pushed the stock -9.49% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MFIC stock continues to rise going into the next quarter.
