In the last trading session, 1.13 million shares of the SuRo Capital Corp (NASDAQ:SSSS) were traded, and its beta was 1.41. Most recently the company’s share price was $5.93, and it changed around -$0.24 or -3.89% from the last close, which brings the market valuation of the company to $139.96M. SSSS currently trades at a discount to its 52-week high of $6.74, offering almost -13.66% off that amount. The share price’s 52-week low was $3.38, which indicates that the current value has risen by an impressive 43.0% since then. We note from SuRo Capital Corp’s average daily trading volume that its 10-day average is 0.35 million shares, with the 3-month average coming to 239.82K.
SuRo Capital Corp (NASDAQ:SSSS) trade information
Instantly SSSS has showed a red trend with a performance of -3.89% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.83 on recent trading dayincreased the stock’s daily price by 13.18%. The company’s shares are currently up 0.85% year-to-date, but still up 9.41% over the last five days. On the other hand, SuRo Capital Corp (NASDAQ:SSSS) is 3.13% up in the 30-day period. We can see from the shorts that 57129.0 shares have been sold at a short interest cover period of 0.25 day(s).
The consensus price target as assigned by Wall Street analysts is $6.5, which translates to bulls needing to increase their stock price by 8.77% from its current value. Analyst projections state that SSSS is forecast to be at a low of $6.5 and a high of $6.5.
SuRo Capital Corp (SSSS) estimates and forecasts
The year-over-year growth rate is expected to be -44.39%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 492k in revenue for the current quarter. Analysts predict that the company’s current quarter sales will drop, forecast at -80.00%.
SuRo Capital Corp (NASDAQ:SSSS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 6.90% of SuRo Capital Corp shares, and 21.53% of them are in the hands of institutional investors. The stock currently has a share float of 23.12%. SuRo Capital Corp stock is held by 50.0 institutions, with THOMAS J. HERZFELD ADVISORS, INC. being the largest institutional investor. By 2024-06-30, it held 2.9106% of the shares, which is about 0.74 million shares worth $2.96 million.
GABELLI FUNDS LLC, with 2.8783% or 0.73 million shares worth $2.93 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Gabelli Equity Trust Inc (The) and Gabelli ETFs Tr-Gabelli Financial Services Opportunities ETF were the top two Mutual Funds as of Sep 30, 2024. The former held 600.0 shares worth $3.56 million, making up 2.54% of all outstanding shares. On the other hand, Gabelli ETFs Tr-Gabelli Financial Services Opportunities ETF held roughly 232.5 shares worth around $1.38 million, which represents about 0.99% of the total shares outstanding.
