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Are Prospect Capital Corporation (NASDAQ:PSEC) Prospects Worsening?

Prospect Capital Corporation (NASDAQ:PSEC) previous close was $7.83 while the outstanding shares total 387.00M. The firm has a 12-month trailing P/E ratio of 6.68, and a growth ratio of 1.34. PSEC’s shares traded higher over the last trading session, gaining 2.68% on 05/14/21. The shares fell to a low of $7.85 before closing at $8.04. Intraday shares traded counted 2.38 million, which was 12.54% higher than its 30-day average trading volume of 2.72M. The stock’s Relative Strength Index (RSI) is 52.59, with weekly volatility at 3.27% and ATR at 0.16. The PSEC stock’s 52-week price range has touched low of $4.11 and a $8.20 high.

Investors have identified the Asset Management company Prospect Capital Corporation 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 $3.11 billion, 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.

Having a look at the company’s valuation, the company is expected to record 0.77 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 PSEC sounds very interesting.

Is the stock of PSEC attractive?

In related news, Director, Stark Eugene S bought 2,000 shares of the company’s stock in a transaction that recorded on May 12. The purchase was performed at an average price of 7.78, for a total value of 15,560. As the purchase deal closes, the Director, Stark Eugene S now bought 2,500 shares of the company’s stock, valued at 12,750. In the last 6 months, insiders have changed their ownership in shares of company stock by 27.94%.

0 out of 2 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Prospect Capital Corporation. 2 analysts has assigned a Sell rating on the PSEC stock. The 12-month mean consensus price target for the company’s shares has been set at $5.75.

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