Hercules Capital Inc (NYSE: HTGC) has a higher price-to-earnings ratio of 9.85x compared to its average ratio, The 36-month beta value for HTGC is at 1.35. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for HTGC is 159.06M, and currently, shorts hold a 4.10% of that float. The average trading volume for HTGC on July 18, 2024 was 886.21K shares.
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HTGC) stock’s latest price update
The stock of Hercules Capital Inc (NYSE: HTGC) has decreased by -0.59 when compared to last closing price of 21.32.Despite this, the company has seen a gain of 0.40% in its stock price over the last five trading days. prnewswire.com reported 2024-07-17 that This additional funding comes at an instrumental time for Pindrop as the company continues to innovate groundbreaking voice security and authentication solutions ATLANTA, July 17, 2024 /PRNewswire/ — Pindrop, a global leader in voice authentication and security, today announced it has secured $100 million in debt financing from Hercules Capital, Inc. (NYSE: HTGC). This significant funding will enable Pindrop to further develop its cutting-edge audio, voice, and AI technologies, enhancing its offerings for customers in the banking, finance, contact center, insurance, utilities, healthcare, retail, and other industries.
HTGC’s Market Performance
HTGC’s stock has risen by 0.40% in the past week, with a monthly rise of 8.24% and a quarterly rise of 17.18%. The volatility ratio for the week is 1.05% while the volatility levels for the last 30 days are 1.31% for Hercules Capital Inc The simple moving average for the last 20 days is 2.60% for HTGC’s stock, with a simple moving average of 19.72% for the last 200 days.
Analysts’ Opinion of HTGC
Many brokerage firms have already submitted their reports for HTGC stocks, with Compass Point repeating the rating for HTGC by listing it as a “Neutral.” The predicted price for HTGC in the upcoming period, according to Compass Point is $17.50 based on the research report published on January 16, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see HTGC reach a price target of $17. The rating they have provided for HTGC stocks is “Neutral” according to the report published on November 21st, 2023.
Compass Point gave a rating of “Buy” to HTGC, setting the target price at $17.50 in the report published on August 30th of the previous year.
HTGC Trading at 6.02% from the 50-Day Moving Average
After a stumble in the market that brought HTGC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.93% of loss for the given period.
Volatility was left at 1.31%, however, over the last 30 days, the volatility rate increased by 1.05%, as shares surge +8.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.77% upper at present.
During the last 5 trading sessions, HTGC rose by +0.47%, which changed the moving average for the period of 200-days by +29.17% in comparison to the 20-day moving average, which settled at $20.74. In addition, Hercules Capital Inc saw 28.20% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HTGC starting from CROWELL GAYLE A, who purchase 702 shares at the price of $20.05 back on Jun 25 ’24. After this action, CROWELL GAYLE A now owns 53,576 shares of Hercules Capital Inc, valued at $14,067 using the latest closing price.
BADAVAS ROBERT P, the Director of Hercules Capital Inc, sale 13,300 shares at $19.69 during a trade that took place back on Jun 20 ’24, which means that BADAVAS ROBERT P is holding 4,234 shares at $261,892 based on the most recent closing price.
Stock Fundamentals for HTGC
Current profitability levels for the company are sitting at:
- 0.61 for the present operating margin
- 0.87 for the gross margin
The net margin for Hercules Capital Inc stands at 0.76. The total capital return value is set at 0.07.
Based on Hercules Capital Inc (HTGC), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.93. The interest coverage ratio of the stock is 3.88.
Currently, EBITDA for the company is 268.69 million with net debt to EBITDA at -21.01. When we switch over and look at the enterprise to sales, we see a ratio of 11.74. The receivables turnover for the company is 12.39for trailing twelve months and the total asset turnover is 0.12.
Conclusion
In conclusion, Hercules Capital Inc (HTGC) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
