TriplePoint Venture Growth BDC Corp (NYSE: TPVG)’s stock price has gone decline by -1.47 in comparison to its previous close of 8.17, however, the company has experienced a -2.90% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-06-26 that We gave TPVG a Sell rating the last time around and came out ahead by not taking capital losses. TPVG has trailed BIZD by 18% since then. We review the Q1-2024 results and tell you why the dividend cut probability has gone up.
Is It Worth Investing in TriplePoint Venture Growth BDC Corp (NYSE: TPVG) Right Now?
TPVG has 36-month beta value of 1.79. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for TPVG is 37.32M, and currently, short sellers hold a 8.30% ratio of that float. The average trading volume of TPVG on June 28, 2024 was 361.49K shares.
TPVG’s Market Performance
The stock of TriplePoint Venture Growth BDC Corp (TPVG) has seen a -2.90% decrease in the past week, with a -13.07% drop in the past month, and a -15.08% fall in the past quarter. The volatility ratio for the week is 2.61%, and the volatility levels for the past 30 days are at 2.16% for TPVG. The simple moving average for the past 20 days is -9.79% for TPVG’s stock, with a -19.88% simple moving average for the past 200 days.
Analysts’ Opinion of TPVG
Many brokerage firms have already submitted their reports for TPVG stocks, with Wells Fargo repeating the rating for TPVG by listing it as a “Underweight.” The predicted price for TPVG in the upcoming period, according to Wells Fargo is $8.50 based on the research report published on May 29, 2024 of the current year 2024.
Compass Point, on the other hand, stated in their research note that they expect to see TPVG reach a price target of $8.75. The rating they have provided for TPVG stocks is “Neutral” according to the report published on March 22nd, 2024.
TPVG Trading at -12.26% from the 50-Day Moving Average
After a stumble in the market that brought TPVG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -36.61% of loss for the given period.
Volatility was left at 2.16%, however, over the last 30 days, the volatility rate increased by 2.61%, as shares sank -13.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.17% lower at present.
During the last 5 trading sessions, TPVG fell by -3.14%, which changed the moving average for the period of 200-days by -28.81% in comparison to the 20-day moving average, which settled at $8.86. In addition, TriplePoint Venture Growth BDC Corp saw -25.87% 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 TPVG starting from Park Katherine J, who purchase 2,500 shares at the price of $9.35 back on Mar 14 ’24. After this action, Park Katherine J now owns 5,000 shares of TriplePoint Venture Growth BDC Corp, valued at $23,375 using the latest closing price.
Cassani Stephen, the Director of TriplePoint Venture Growth BDC Corp, purchase 500 shares at $9.90 during a trade that took place back on Mar 12 ’24, which means that Cassani Stephen is holding 6,200 shares at $4,950 based on the most recent closing price.
Stock Fundamentals for TPVG
Current profitability levels for the company are sitting at:
- 0.93 for the present operating margin
- 2.21 for the gross margin
The net margin for TriplePoint Venture Growth BDC Corp stands at 2.37. The total capital return value is set at -0.02. Equity return is now at value -11.00, with -4.20 for asset returns.
Based on TriplePoint Venture Growth BDC Corp (TPVG), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 1.27. The interest coverage ratio of the stock is -0.51.
Currently, EBITDA for the company is 73.81 million with net debt to EBITDA at -27.73. When we switch over and look at the enterprise to sales, we see a ratio of -44.12.
Conclusion
To put it simply, TriplePoint Venture Growth BDC Corp (TPVG) 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.
