In recent trading session, Prospect Capital Corp (NASDAQ:PSEC) saw 12.06 million shares changing hands at last check today with its beta currently measuring 0.99. Company’s recent per share price level of $4.51 trading at -$0.72 or -13.80% at last check today assigns it a market valuation of $1.95B. That most recent trading price of PSEC’s stock is at a discount of -39.69% from its 52-week high price of $6.30 and is indicating a discount of -3.99% from its 52-week low price of $4.69. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.95 million shares which gives us an average trading volume of 2.58 million if we extend that period to 3-months.
For Prospect Capital Corp (PSEC), analysts’ consensus is at an average recommendation of Sell while assigning it a mean rating of 4.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.17 in the current quarter.
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Prospect Capital Corp (NASDAQ:PSEC) trade information
Upright in the red during last session for losing -13.80%, in the last five days PSEC remained trading in the red while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $4.51 price level, adding 14.58% to its value on the day. Prospect Capital Corp’s shares saw a change of -24.73% in year-to-date performance and have moved -12.12% in past 5-day. Prospect Capital Corp (NASDAQ:PSEC) showed a performance of -12.46% in past 30-days. Number of shares sold short was 18.99 million shares which calculate 7.99 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 4.5 to the stock, which implies a fall of -0.22% to its recent value today. Analysts have been projecting 4.5 as a low price target for the stock while placing it at a high target of 4.5. It follows that stock’s current price would jump 0.22% in reaching the projected high whereas dropping to the targeted low would mean a gain of 0.22% for stock’s current value.
Prospect Capital Corp (PSEC) estimates and forecasts
This year revenue growth is estimated to fall -9.20% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 204.76M for the same. And 1 analysts are in estimates of company making revenue of 203.05M in the next quarter.
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 8.90% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -40.20% while estimates for its earnings growth in next 5 years are of 5.00%.
PSEC Dividends
Prospect Capital Corp is more likely to be releasing its next quarterly report on 2024-Nov-08 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. With an annual yield of 15.97%, the share has a forward dividend of 0.72 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 11.45%.
Prospect Capital Corp (NASDAQ:PSEC)’s Major holders
Insiders are in possession of 26.77% of company’s total shares while institution are holding 9.49 percent of that, with stock having share float percentage of 12.96%. Investors also watch the number of corporate investors in a company very closely, which is 9.49% institutions for Prospect Capital Corp that are currently holding shares of the company. VAN ECK ASSOCIATES CORP is the top institutional holder at PSEC for having 7.25 million shares of worth $40.09 million. And as of 2024-06-30, it was holding 1.7489 of the company’s outstanding shares.
The second largest institutional holder is Y.D. MORE INVESTMENTS LTD, which was holding about 5.06 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.2216 of outstanding shares, having a total worth of $29.06 million.
