Prospect Capital Corporation (NASDAQ:PSEC) has a 12-month trailing P/E ratio of 7.38, and a growth ratio of 1.48. The stock’s Relative Strength Index (RSI) is 71.18, with weekly volatility at 2.23% and ATR at 0.16. The PSEC stock’s 52-week price range has touched low of $4.67 and a $8.99 high. Its shares traded lower over the last trading session, losing -1.00% on 06/04/21. The shares fell to a low of $8.88 before closing at $8.88. Intraday shares traded counted 2.48 million, which was 1.56% higher than its 30-day average trading volume of 2.52M. PSEC’s previous close was $8.97 while the outstanding shares total 387.00M.
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 $3.44 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.
Potential earnings growth for Prospect Capital Corporation (PSEC)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 09/01/2021 quarter of the year, Prospect Capital Corporation recorded a total of 159.46 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 3.11% coming in sequential stages and their sales for the 09/01/2021 quarter reducing by -8.05%.
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 86.05 million trying to sell their products during the last quarter, with the result yielding a gross income of 73.4 million. This allows shareholders to hold on to 387.00M with the recently reported earning now reading 0.64 cents per share. This is a figure that compared to analyst’s prediction for their 09/01/2021 (0.19 cents a share).
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 $6.00.