Prospect Capital Corporation (NASDAQ:PSEC) traded at $5.16 at last check on Tuesday, April 30, made a downward move of -1.53% on its previous day’s price.
Looking at the stock we see that its previous close was $5.24. In terms of its 52-week price range, PSEC has a high of $6.83 and a low of $5.03. The company’s stock has lost about -6.01% over that past 30 days.
Prospect Capital Corporation has a market cap of $2.14 billion. With its Forward Dividend at 0.72 and a yield of 13.95%, the company’s investors could be anxious for the PSEC stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.2, with the EPS growth for the year raised at $0.82 for 2024 and $0.72 for next year. These figures represent -22.60% and -12.20% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $213.93 million, with a low of $213.17 million and a high of $214.7 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $875.2 million, or 2.70% up from figures reported last year.
On the other hand, looking at the outlook for the PSEC stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -4.64% off its SMA20 and -6.06% from its 50-day simple moving average. The RSI (14) is pointing at 32.73 while the volatility over the past week is 2.11% and jumps to 1.41% over the past one month. The beta value is 0.99, while the average true range (ATR) is currently pointing at 0.09.
Coming back to Prospect Capital Corporation (NASDAQ:PSEC), we note that the average 3-month trading volume was 2.16 million. Current shares outstanding are 415.21 million.
The insiders hold 26.69% of the company’s shares while institutions hold 9.93%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -13.86% down in year-to-date price movement.
