Prospect Capital Corp (NASDAQ:PSEC) price on current trading day, fall -1.30% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.42.
A look at the stock’s price movement, the level at last check in today’s session was $3.47. Turning to its 52-week performance, $5.72 and $3.39 were the 52-week high and 52-week low respectively. Overall, PSEC moved -5.65% over the past month.
Prospect Capital Corp’s market cap currently stands at around $1.55 billion, with investors looking forward to this quarter’s earnings report slated for in June. The company has a Forward Dividend ratio of 0.63, with its dividend yield at 18.39%. 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 167.08M for the company’s revenue for the quarter, with a low and high estimate of 167.08M and 167.08M respectively. The average forecast suggests down to a -21.29% 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 719.57M, representing a -16.49% 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 PSEC is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 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 0 analyst(s) rate the stock as a Hold, 0 recommend PSEC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Sell which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PSEC’s current price about -5.05% and -9.52% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.85, while 7-day volatility ratio is 2.39% and 2.49% in the 30-day chart. Further, Prospect Capital Corp (PSEC) has a beta value of 0.87, and an average true range (ATR) of 0.10. Analysts have given the company’s stock an average 52-week price target of $4.5, forecast between a low of $4.5 and high of $4.5. Looking at the price targets, the low is -31.58% off recent price level in today’s trading while to achieve the yearly target high, it has to move -31.58%. Nonetheless, investors will most likely welcome a -31.58% jump to $4.5 which is the analysts’ median price.
If we refocus on Prospect Capital Corp (NASDAQ:PSEC), historical trading data shows that trading volumes averaged 3.13 million over the past 3 months. The company’s latest data on shares outstanding shows there are 451.53 million shares.
The 28.48% of Prospect Capital Corp’s shares are in the hands of company insiders while institutional holders own 11.02% of the company’s shares. Current price change has pushed the stock -20.53% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PSEC stock continues to rise going into the next quarter.
