In the past week, PSEC stock has gone up by 2.97%, with a monthly decline of -14.91% and a quarterly plunge of -9.26%. The volatility ratio for the week is 2.65%, and the volatility levels for the last 30 days are 2.50% for Prospect Capital Corp The simple moving average for the past 20 days is -8.57% for PSEC’s stock, with a -16.01% simple moving average for the past 200 days.
Is It Worth Investing in Prospect Capital Corp (NASDAQ: PSEC) Right Now?
The price-to-earnings ratio for Prospect Capital Corp (NASDAQ: PSEC) is above average at 13.26x. The 36-month beta value for PSEC is also noteworthy at 0.98. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it as “sell.”
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The public float for PSEC is 318.80M, and at present, short sellers hold a 5.73% of that float. The average trading volume of PSEC on November 19, 2024 was 3.05M shares.
PSEC) stock’s latest price update
Prospect Capital Corp (NASDAQ: PSEC) has experienced a rise in its stock price by 2.04 compared to its previous closing price of 4.42. However, the company has seen a gain of 2.97% in its stock price over the last five trading days. 247wallst.com reported 2024-11-18 that Key Points As expected, the Federal Reserve lowered interest rates by 25 basis points.
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 -12.58% 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 -28.41% of loss for the given period.
Volatility was left at 2.50%, however, over the last 30 days, the volatility rate increased by 2.65%, as shares sank -15.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.91% lower at present.
During the last 5 trading sessions, PSEC rose by +2.97%, which changed the moving average for the period of 200-days by -22.77% in comparison to the 20-day moving average, which settled at $4.93. In addition, Prospect Capital Corp saw -24.71% 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 Barry John F, who purchase 1,000,000 shares at the price of $4.37 back on Nov 14 ’24. After this action, Barry John F now owns 72,406,939 shares of Prospect Capital Corp, valued at $4,370,000 using the latest closing price.
Eliasek M Grier, the Chief Operating Officer of Prospect Capital Corp, purchase 5,000 shares at $4.33 during a trade that took place back on Nov 14 ’24, which means that Eliasek M Grier is holding 1,671,130 shares at $21,635 based on the most recent closing price.
Stock Fundamentals for PSEC
Current profitability levels for the company are sitting at:
- 0.55 for the present operating margin
- 0.7 for the gross margin
The net margin for Prospect Capital Corp stands at 0.02. The total capital return value is set at 0.04.
Currently, EBITDA for the company is 444.22 million with net debt to EBITDA at 1.46. When we switch over and look at the enterprise to sales, we see a ratio of 3.65.
Conclusion
In summary, Prospect Capital Corp (PSEC) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
