BlackRock TCP Capital Corp (NASDAQ:TCPC) shares, rose in value on Friday, June 20, with the stock price up by 0.80% to the previous day’s close as strong demand from buyers drove the stock to $7.57.
Actively observing the price movement in the last trading, the stock closed the session at $7.51. Referring to stock’s 52-week performance, its high was $10.82, and the low was $6.24. On the whole, TCPC has fluctuated by -1.69% over the past month.
With the market capitalization of BlackRock TCP Capital Corp currently standing at about $643.74 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-08. The company’s Forward Dividend Ratio is 1.17, with its dividend yield at 15.43%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 221.85M, with a low estimate of 53.41M and a high estimate of 62.8M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 56.16M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TCPC’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% 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 TCPC currently trading nearly -1.74% and 3.88% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.46, while the 7-day volatility ratio is showing 3.69% which for the 30-day chart, stands at 1.75%. Furthermore, BlackRock TCP Capital Corp (TCPC)’s beta value is 1.08, and its average true range (ATR) is 0.19.
A comparison of BlackRock TCP Capital Corp (TCPC) with its peers suggests the former has fared considerably weaker in the market. TCPC showed an intraday change of 0.80% in last session, and over the past year, it shrunk by -28.08%%.
Data on historical trading for BlackRock TCP Capital Corp (NASDAQ:TCPC) indicates that the trading volumes over the past 3 months, they’ve averaged 612.90K. According to company’s latest data on outstanding shares, there are 85.04 million shares outstanding.
Nearly 0.32% of BlackRock TCP Capital Corp’s shares belong to company insiders and institutional investors own 24.12% of the company’s shares. The stock has fallen by -12.20% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TCPC stock heading into the next quarter.
