In the past week, PSEC stock has gone down by -0.18%, with a monthly decline of -0.18% and a quarterly surge of 0.90%. The volatility ratio for the week is 1.29%, and the volatility levels for the last 30 days are 1.35% for Prospect Capital Corp The simple moving average for the past 20 days is -0.34% for PSEC’s stock, with a -2.18% simple moving average for the past 200 days.
Is It Worth Investing in Prospect Capital Corp (NASDAQ: PSEC) Right Now?
Prospect Capital Corp (NASDAQ: PSEC) has a higher price-to-earnings ratio of 18.60x compared to its average ratio. PSEC has 36-month beta value of 1.00. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for PSEC is 306.04M, and currently, short sellers hold a 7.88% ratio of that float. The average trading volume of PSEC on June 25, 2024 was 1.62M shares.
PSEC) stock’s latest price update
The stock of Prospect Capital Corp (NASDAQ: PSEC) has decreased by -0.71 when compared to last closing price of 5.62.Despite this, the company has seen a loss of -0.18% in its stock price over the last five trading days. 247wallst.com reported 2024-06-18 that 24/7 Insights Those with a higher risk appetite will love ultra-high dividend stocks.
Analysts’ Opinion of PSEC
Wells Fargo, on the other hand, stated in their research note that they expect to see PSEC reach a price target of $4.50. The rating they have provided for PSEC stocks is “Underweight” according to the report published on June 25th, 2020.
PSEC Trading at 1.56% from the 50-Day Moving Average
After a stumble in the market that brought PSEC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.59% of loss for the given period.
Volatility was left at 1.35%, however, over the last 30 days, the volatility rate increased by 1.29%, as shares sank -1.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.72% upper at present.
During the last 5 trading sessions, PSEC fell by -0.18%, which changed the moving average for the period of 200-days by -6.22% in comparison to the 20-day moving average, which settled at $5.59. In addition, Prospect Capital Corp saw -6.84% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PSEC starting from Van Dask Kristin Lea, who purchase 3,330 shares at the price of $22.50 back on Jun 20 ’24. After this action, Van Dask Kristin Lea now owns 4,539 shares of Prospect Capital Corp, valued at $74,925 using the latest closing price.
Barry John F, the CHIEF EXECUTIVE OFFICER of Prospect Capital Corp, purchase 4,099 shares at $5.47 during a trade that took place back on May 13 ’24, which means that Barry John F is holding 65,796,357 shares at $22,407 based on the most recent closing price.
Stock Fundamentals for PSEC
Current profitability levels for the company are sitting at:
- 0.93 for the present operating margin
- -0.15 for the gross margin
The net margin for Prospect Capital Corp stands at 0.62. The total capital return value is set at 0.05.
Based on Prospect Capital Corp (PSEC), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 0.5. The interest coverage ratio of the stock is 2.32.
Currently, EBITDA for the company is -101.64 million with net debt to EBITDA at 6.72. When we switch over and look at the enterprise to sales, we see a ratio of 12.27. The receivables turnover for the company is 12.12for trailing twelve months and the total asset turnover is 0.05.
Conclusion
To put it simply, Prospect Capital Corp (PSEC) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
