Prospect Capital Corporation (NASDAQ:PSEC) stock went on an upward path that rose over 0.62% on Wednesday, amounting to a one-week price decrease of more than -0.15%. Over the last 12 months, PSEC stock dropped by -4.73%. The one-year PSEC stock forecast points to a potential upside of 0.07, with the average price target set at $6.00 per share. The average equity rating for PSEC stock is currently 3.50, trading closer to a bullish pattern in the stock market.
The market cap for PSEC stock reached $2.37 billion, with 367.29 million shares outstanding. Compared to the average trading volume of 1.52M shares, PSEC reached a trading volume of 1565161 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Prospect Capital Corporation (PSEC)?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PSEC shares is $6.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PSEC stock is a recommendation set at 3.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barclays have made an estimate for Prospect Capital Corporation shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on January 22, 2019. The new note on the price target was released on August 30, 2017, representing the official price target for Prospect Capital Corporation stock. Previously, the target price had yet another drop from $9.50 to $8.50, while FBR & Co. kept a Mkt Perform rating on PSEC stock. On August 31, 2016, analysts increased their price target for PSEC shares from 9 to 10.
The Average True Range (ATR) for Prospect Capital Corporation is set at 0.07, with the Price to Sales ratio for PSEC stock in the period of the last 12 months amounting to 3.37. The Price to Book ratio for the last quarter was 0.72.
How has PSEC stock performed recently?
Prospect Capital Corporation (PSEC) fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.15. With this latest performance, PSEC shares gained by 0.47% in over the last four-week period, additionally sinking by -4.30% over the last 6 months – not to mention a drop of -4.73% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PSEC stock in for the last two-week period is set at 42.21, with the RSI for the last a single of trading hit 42.68, and the three-weeks RSI is set at 45.31 for Prospect Capital Corporation (PSEC). The present Moving Average for the last 50 days of trading for this stock 6.53, while it was recorded at 6.43 for the last single week of trading, and 6.60 for the last 200 days.
Prospect Capital Corporation (PSEC): Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Prospect Capital Corporation (PSEC) shares currently have an operating margin of +21.29 and a Gross Margin at +72.16. Prospect Capital Corporation’s Net Margin is presently recorded at +20.11.
Return on Total Capital for PSEC is now 2.68, given the latest momentum, and Return on Invested Capital for the company is 2.61. Return on Equity for this stock inclined to 4.30, with Return on Assets sitting at 2.48. When it comes to the capital structure of this company, Prospect Capital Corporation (PSEC) has a Total Debt to Total Equity ratio set at 72.07. Additionally, PSEC Total Debt to Total Capital is recorded at 41.88, with Total Debt to Total Assets ending up at 41.08. Long-Term Debt to Equity for the company is recorded at 65.16, with the Long-Term Debt to Total Capital now at 37.87.
Earnings analysis for Prospect Capital Corporation (PSEC)
With the latest financial reports released by the company, Prospect Capital Corporation posted 0.23/share EPS, while the average EPS was predicted by analysts to be reported at 0.21/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 9.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PSEC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Prospect Capital Corporation go to 5.00%.
Insider trade positions for Prospect Capital Corporation (PSEC)
There are presently around $292 million, or 13.55% of PSEC stock, in the hands of institutional investors. The top three institutional holders of PSEC stocks are: LSV ASSET MANAGEMENT with ownership of 5,847,808, which is approximately 2.582% of the company’s market cap and around 17.41% of the total institutional ownership; MUZINICH & CO., INC., holding 3,471,823 shares of the stock with an approximate value of $22.0 million in PSEC stocks shares; and UBS GROUP AG, currently with $21.0 million in PSEC stock with ownership of nearly -32.287% of the company’s market capitalization.
Positions in Prospect Capital Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 89 institutional holders increased their position in Prospect Capital Corporation (NASDAQ:PSEC) by around 7,129,478 shares. Additionally, 99 investors decreased positions by around 5,066,475 shares, while 53 investors held positions by with 33,356,981 shares. The mentioned changes placed institutional holdings at 45,552,934 shares, according to the latest SEC report filing. PSEC stock had 31 new institutional investments in for a total of 2,231,560 shares, while 33 institutional investors sold positions of 1,447,385 shares during the same period.