Solar Capital Ltd. (NASDAQ:SLRC) previous close was $16.10 while the outstanding shares total 42.26M. SLRC’s shares traded lower over the last trading session, losing -0.93% on 06/26/20. The shares fell to a low of $15.72 before closing at $15.95. Intraday shares traded counted 94023.0, which was 60.29% higher than its 30-day average trading volume of 236.76K. The stock’s Relative Strength Index (RSI) is 45.18, with weekly volatility at 2.95% and ATR at 0.63. The SLRC stock’s 52-week price range has touched low of $7.42 and a $21.24 high.
Investors have identified the Asset Management company Solar Capital Ltd. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $674.06 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Solar Capital Ltd. (SLRC) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 500312000 million total, with 460413000 million as their total liabilities.
Potential earnings growth for Solar Capital Ltd. (SLRC)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Solar Capital Ltd. recorded a total of 32.9 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -19.31% coming in sequential stages and their sales for the third quarter reducing by -12.63%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 32.9 million trying to sell their products during the last quarter, with the result yielding a gross income of 17.05 million. This allows shareholders to hold on to 42.26M with the revenue now reading -1.79 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.42 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.71 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SLRC sounds very interesting.
Is the stock of SLRC attractive?
In related news, See Remarks, GROSS MICHAEL S bought 50,000 shares of the company’s stock in a transaction that recorded on Mar 23. The purchase was performed at an average price of 9.45, for a total value of 472,500. As the purchase deal closes, the See Remarks, SPOHLER BRUCE J now bought 53,526 shares of the company’s stock, valued at 498,862. Also, CFO, SEC, TREAS, PETEKA RICHARD bought 5,000 shares of the company’s stock in a deal that was recorded on Mar 23. The shares were cost at an average price of 8.99 per share, with a total market value of 44,931. Following this completion of disposal, the See Remarks, GROSS MICHAEL S now holds 13,701 shares of the company’s stock, valued at 135,640. In the last 6 months, insiders have changed their ownership in shares of company stock by 6.37%.
7 out of 9 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Solar Capital Ltd.. 0 analysts has assigned a Sell rating on the SLRC stock. The 12-month mean consensus price target for the company’s shares has been set at $18.50.