Gladstone Investment Corporation (NASDAQ: GAIN)’s stock price has increased by 4.54 compared to its previous closing price of 13.00. However, the company has seen a 7.60% increase in its stock price over the last five trading sessions. accesswire.com reported 2024-09-17 that MCLEAN, VA / ACCESSWIRE / September 17, 2024 / Gladstone Investment Corporation (Nasdaq:GAIN) (the “Company”) announced today that its board of directors declared the following additional supplemental cash distribution to common stockholders in October 2024. Common Stock: A supplemental distribution of $0.70 per share of common stock in October 2024 payable per the table below.
Is It Worth Investing in Gladstone Investment Corporation (NASDAQ: GAIN) Right Now?
Gladstone Investment Corporation (NASDAQ: GAIN) has a higher price-to-earnings ratio of 6.69x compared to its average ratio. GAIN has 36-month beta value of 1.32. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for GAIN is 35.80M, and currently, short sellers hold a 7.87% ratio of that float. The average trading volume of GAIN on September 18, 2024 was 126.98K shares.
GAIN’s Market Performance
GAIN stock saw an increase of 7.60% in the past week, with a monthly gain of 1.65% and a quarterly increase of -1.81%. The volatility ratio for the week is 1.32%, and the volatility levels for the last 30 days are 1.64% for Gladstone Investment Corporation (GAIN). The simple moving average for the last 20 days is 5.77% for GAIN stock, with a simple moving average of -2.36% for the last 200 days.
Analysts’ Opinion of GAIN
B. Riley Securities, on the other hand, stated in their research note that they expect to see GAIN reach a price target of $12. The rating they have provided for GAIN stocks is “Buy” according to the report published on December 12th, 2022.
GAIN Trading at 1.92% from the 50-Day Moving Average
After a stumble in the market that brought GAIN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.16% of loss for the given period.
Volatility was left at 1.64%, however, over the last 30 days, the volatility rate increased by 1.32%, as shares surge +1.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.44% lower at present.
During the last 5 trading sessions, GAIN rose by +7.52%, which changed the moving average for the period of 200-days by -5.50% in comparison to the 20-day moving average, which settled at $12.86. In addition, Gladstone Investment Corporation saw -3.96% 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 GAIN starting from Easton Rachael Z., who purchase 650 shares at the price of $14.67 back on Nov 06 ’23. After this action, Easton Rachael Z. now owns 1,400 shares of Gladstone Investment Corporation, valued at $9,536 using the latest closing price.
Stock Fundamentals for GAIN
Current profitability levels for the company are sitting at:
- 0.58 for the present operating margin
- 0.67 for the gross margin
The net margin for Gladstone Investment Corporation stands at 0.59. The total capital return value is set at 0.08.
Based on Gladstone Investment Corporation (GAIN), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at -0.03. The debt to equity ratio resting at 1.52. The interest coverage ratio of the stock is 2.69.
Currently, EBITDA for the company is 111.73 million with net debt to EBITDA at 7.22. When we switch over and look at the enterprise to sales, we see a ratio of 7.52. The receivables turnover for the company is 13.75for trailing twelve months and the total asset turnover is 0.13.
Conclusion
To put it simply, Gladstone Investment Corporation (GAIN) has had a mixed 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
