Prospect Capital Corp (PSEC): A Great Stock For Handling Current Market Conditions?

Currently, there are 436.18M common shares owned by the public and among those 310.13M shares have been available to trade.

The company’s stock has a 5-day price change of 1.42% and -17.97% over the past three months. PSEC shares are trading -0.46% year to date (YTD), with the 12-month market performance down to -26.16% lower. It has a 12-month low price of $4.09 and touched a high of $5.86 over the same period. PSEC has an average intraday trading volume of 3.53 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.23%, -1.46%, and -15.09% respectively.

Institutional ownership of Prospect Capital Corp (NASDAQ: PSEC) shares accounts for 9.03% of the company’s 436.18M shares outstanding.

It has a market capitalization of $1.87B and a beta (3y monthly) value of 0.95. The earnings-per-share (ttm) stands at -$0.25. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.01% over the week and 1.81% over the month.

Analysts forecast that Prospect Capital Corp (PSEC) will achieve an EPS of 0.13 for the current quarter, 0.12 for the next quarter and 0.47 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.13 while analysts give the company a high EPS estimate of 0.13. Comparatively, EPS for the current quarter was 0.23 a year ago. Earnings per share for the fiscal year are expected to decrease by -47.06%, and -12.96% over the next financial year.

Wells Fargo coverage for the Prospect Capital Corp (PSEC) stock in a research note released on June 25, 2020 offered a Underweight rating with a price target of $4.50. Raymond James was of a view on April 20, 2020 that the stock is Underperform, while Barclays gave the stock Underweight rating on January 22, 2019, issuing a price target of $7- $6. Raymond James on their part issued Mkt Perform rating on August 30, 2017.

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