Hercules Capital Inc (NYSE: HTGC) Loses -2.03% From High. Why That Could Change?

Currently, there are 162.18M common shares owned by the public and among those 159.07M shares have been available to trade.

The company’s stock has a 5-day price change of -0.86% and 8.80% over the past three months. HTGC shares are trading 18.37% year to date (YTD), with the 12-month market performance up to 34.91% higher. It has a 12-month low price of $13.80 and touched a high of $19.98 over the same period. HTGC has an average intraday trading volume of 873.10K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.15%, 2.10%, and 13.49% respectively.

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Institutional ownership of Hercules Capital Inc (NYSE: HTGC) shares accounts for 25.70% of the company’s 162.18M shares outstanding.

It has a market capitalization of $3.17B and a beta (3y monthly) value of 1.34. The stock’s trailing 12-month PE ratio is 9.10, while the earnings-per-share (ttm) stands at $2.15. The company has a PEG of 1.82 and the debt-to-equity ratio at 0.93. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.09% over the week and 1.21% over the month.

Earnings per share for the fiscal year are expected to increase by 192.60%, and -0.59% over the next financial year. EPS should shrink at an annualized rate of 5.00% over the next five years, compared to 22.60% over the past 5-year period.

Looking at the support for the HTGC, a number of firms have released research notes about the stock. Compass Point stated their Neutral rating for the stock in a research note on January 16, 2024, with the firm’s price target at $17-$17.50. UBS coverage for the Hercules Capital Inc (HTGC) stock in a research note released on November 21, 2023 offered a Neutral rating with a price target of $17. Compass Point was of a view on August 30, 2023 that the stock is Buy, while Keefe Bruyette gave the stock Mkt Perform rating on August 04, 2023, issuing a price target of $13.50- $17. Piper Sandler on their part issued Overweight rating on April 06, 2023.

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