Prospect Capital Corp (PSEC) Outlook Starting To Look Brighter?

Prospect Capital Corp (PSEC) concluded trading on Thursday at a closing price of $5.15, with 2.24 million shares of worth about $11.54 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.33% during that period and on October 10, 2024 the price saw a gain of about 0.78%. Currently the company’s common shares owned by public are about 432.93M shares, out of which, 315.61M shares are available for trading.

Stock saw a price change of -2.46% in past 5 days and over the past one month there was a price change of -3.20%. Year-to-date (YTD), PSEC shares are showing a performance of -14.02% which decreased to -13.74% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.69 but also hit the highest price of $6.30 during that period. The average intraday trading volume for Prospect Capital Corp shares is 2.77 million. The stock is currently trading -3.49% below its 20-day simple moving average (SMA20), while that difference is down -0.79% for SMA50 and it goes to -6.58% lower than SMA200.

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Prospect Capital Corp (NASDAQ: PSEC) currently have 432.93M outstanding shares and institutions hold larger chunk of about 10.15% of that.

The stock has a current market capitalization of $2.23B and its 3Y-monthly beta is at 1.00. PE ratio of stock for trailing 12 months is 15.15, while it has posted earnings per share of $0.34 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 1.79% while standing at 2.08% over the month.

Stock’s fiscal year EPS is expected to drop by -40.20% while it is estimated to decrease by -18.00% in next year. EPS is likely to shrink at an annualized rate of 5.00% for next 5-years, compared to annual growth of 8.90% made by the stock over the past 5-years.

Coverage by Wells Fargo stated Prospect Capital Corp (PSEC) stock as an Underweight in their note to investors on June 25, 2020, suggesting a price target of $4.50 for the stock. On April 20, 2020, Raymond James Downgrade their recommendations, while on January 22, 2019, Barclays Downgrade their ratings for the stock with a price target of $6. Stock get a Mkt perform rating from Raymond James on August 30, 2017.

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