TriplePoint Venture Growth BDC Corp (NYSE: TPVG) has experienced a rise in its stock price by 1.01 compared to its previous closing price of 7.46. However, the company has seen a fall of -0.20% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-17 that Verizon and NNN REIT are reliable dividend stocks with potential for upside in the long term. Verizon offers a safe dividend, improving cash flows, and decreasing debt, potentially leading to strong upside once interest rates are considerably lower over the next 12 months. NNN REIT focuses on non-rated tenants, delivering consistent FFO growth, increasing dividends, and a strong balance sheet, offering potential for growth.
Is It Worth Investing in TriplePoint Venture Growth BDC Corp (NYSE: TPVG) Right Now?
Company’s 36-month beta value is 1.82.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for TPVG is 39.42M, and currently, short sellers hold a 9.08% ratio of that floaft. The average trading volume of TPVG on August 23, 2024 was 471.02K shares.
TPVG’s Market Performance
TPVG’s stock has seen a -0.20% decrease for the week, with a -15.62% drop in the past month and a -19.24% fall in the past quarter. The volatility ratio for the week is 2.14%, and the volatility levels for the past 30 days are at 2.86% for TriplePoint Venture Growth BDC Corp The simple moving average for the past 20 days is -4.59% for TPVG’s stock, with a -22.06% simple moving average for the past 200 days.
Analysts’ Opinion of TPVG
Many brokerage firms have already submitted their reports for TPVG stocks, with Ladenburg Thalmann repeating the rating for TPVG by listing it as a “Neutral.” The predicted price for TPVG in the upcoming period, according to Ladenburg Thalmann is $8 based on the research report published on August 09, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see TPVG reach a price target of $8.50, previously predicting the price at $9.50. The rating they have provided for TPVG stocks is “Underweight” according to the report published on May 29th, 2024.
Compass Point gave a rating of “Neutral” to TPVG, setting the target price at $8.75 in the report published on March 22nd of the current year.
TPVG Trading at -8.52% 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 -34.93% of loss for the given period.
Volatility was left at 2.86%, however, over the last 30 days, the volatility rate increased by 2.14%, as shares sank -16.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.77% lower at present.
During the last 5 trading sessions, TPVG fell by -0.20%, which changed the moving average for the period of 200-days by -25.84% in comparison to the 20-day moving average, which settled at $7.82. In addition, TriplePoint Venture Growth BDC Corp saw -30.62% 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 Srivastava Sajal, who purchase 24,083 shares at the price of $7.09 back on Aug 13 ’24. After this action, Srivastava Sajal now owns 274,941 shares of TriplePoint Venture Growth BDC Corp, valued at $170,676 using the latest closing price.
Srivastava Sajal, the President of TriplePoint Venture Growth BDC Corp, purchase 11,298 shares at $7.02 during a trade that took place back on Aug 12 ’24, which means that Srivastava Sajal is holding 250,858 shares at $79,311 based on the most recent closing price.
Stock Fundamentals for TPVG
Current profitability levels for the company are sitting at:
- 2.34 for the present operating margin
- -1.03 for the gross margin
The net margin for TriplePoint Venture Growth BDC Corp stands at -1.04. The total capital return value is set at 0.03. Equity return is now at value -2.80, with -1.10 for asset returns.
Based on TriplePoint Venture Growth BDC Corp (TPVG), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 1.14. The interest coverage ratio of the stock is 1.05.
Currently, EBITDA for the company is 73.81 million with net debt to EBITDA at 15.59. When we switch over and look at the enterprise to sales, we see a ratio of 67.79.
Conclusion
In a nutshell, TriplePoint Venture Growth BDC Corp (TPVG) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
