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Prospect Capital Corporation (NASDAQ:PSEC) Share Price Rebounds 9.37% From The Lows – But Can It Keep Going?

In recent trading session, Prospect Capital Corporation (NASDAQ:PSEC) saw 2.27 million shares changing hands at last check today with its beta currently measuring 1.01. Company’s recent per share price level of $5.55 trading at -$0.26 or -4.39% at last check today assigns it a market valuation of $2.28B. That most recent trading price of PSEC’s stock is at a discount of -38.74% from its 52-week high price of $7.70 and is indicating a premium of 9.37% from its 52-week low price of $5.03. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.9 million shares which gives us an average trading volume of 1.99 million if we extend that period to 3-months.

Prospect Capital Corporation (NASDAQ:PSEC) trade information

Upright in the red during last session for losing -4.39%, in the last five days PSEC remained trading in the red while hitting it’s week-highest on Wednesday, 02/07/24 when the stock touched $5.55 price level, adding 5.29% to its value on the day. Prospect Capital Corporation’s shares saw a change of -7.26% in year-to-date performance and have moved -4.88% in past 5-day. Prospect Capital Corporation (NASDAQ:PSEC) showed a performance of -10.26% in past 30-days. Number of shares sold short was 18.72 million shares which calculate 9.16 days to cover the short interests.

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Prospect Capital Corporation (PSEC) estimates and forecasts

Statistics highlight that Prospect Capital Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -12.10% of value to its shares in past 6 months, showing an annual growth rate of 4.49% while that of industry is 3.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -15.40% in the current quarter and calculating -21.40% decrease in the next quarter. This year revenue growth is estimated to rise 6.80% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $224.86 million for the same. And 2 analysts are in estimates of company making revenue of $226.19 million in the next quarter that will end on Jun 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 6.10% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -14.20% while estimates for its earnings growth in next 5 years are of 5.00%.

PSEC Dividends

Prospect Capital Corporation is more likely to be releasing its next quarterly report on February 09 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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