Is Prospect Capital Corporation (NASDAQ: PSEC) Proving The Doubters Wrong?

Prospect Capital Corporation (PSEC) concluded trading on Thursday at a closing price of $5.80, with 3.69 million shares of worth about $21.39 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.38% during that period and on Thursday, February 01 price saw a loss of about -1.02%. Currently the company’s common shares owned by public are about 410.39M shares, out of which, 299.53M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 17 times over the past 12 months. They bought 396,680 shares in 17 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

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However, the stock later moved at a day high price of 5.91, or with a loss of -1.02%. Stock saw a price change of -7.05% in past 5 days and over the past one month there was a price change of -3.97%. Year-to-date (YTD), PSEC shares are showing a performance of -3.17% which decreased to -22.67% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.03 but also hit the highest price of $7.70 during that period. The average intraday trading volume for Prospect Capital Corporation shares is 1.99 million. The stock is currently trading -4.89% below its 20-day simple moving average (SMA20), while that difference is down -2.66% for SMA50 and it goes to -4.98% lower than SMA200.

Prospect Capital Corporation (NASDAQ: PSEC) currently have 410.39M outstanding shares and institutions hold larger chunk of about 8.76% of that.

The stock has a current market capitalization of $2.38B and its 3Y-monthly beta is at 1.01. PE ratio of stock for trailing 12 months is 290.00, while it has posted earnings per share of $0.02 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for PSEC, volatility over the week remained 2.36% while standing at 1.97% over the month.

Analysts are in expectations that Prospect Capital Corporation (PSEC) stock would likely to be making an EPS of $0.22 in the current quarter, while forecast for next quarter EPS is $0.22 and it is $0.84 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.22 which is $0.22 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.27 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -14.20% while it is estimated to decrease by -7.70% in next year. EPS is likely to shrink at an annualized rate of 5.00% for next 5-years, compared to annual growth of 6.10% made by the stock over the past 5-years.

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