Prospect Capital Corp (NASDAQ: PSEC) on Monday, plunged -1.77% from the previous trading day, before settling in for the closing price of $5.08. Within the past 52 weeks, PSEC’s price has moved between $4.69 and $6.30.
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The company achieved an average annual earnings per share of -27.40%. With a float of $306.04 million, this company’s outstanding shares have now reached $417.76 million.
In terms of profitability, gross margin is -15.21%, operating margin of 93.2%, and the pretax margin is 62.08%.
Prospect Capital Corp (PSEC) Insider Updates
Observing investor behavior towards Asset Management industry stocks is more important than anything else. The insider ownership of Prospect Capital Corp is 26.72%, while institutional ownership is 10.51%. The most recent insider transaction that took place on Jun 20 ’24, was worth 74,925. In this transaction CFO, TREASURER, SECRETARY, CCO of this company bought 3,330 shares at a rate of $22.50, taking the stock ownership to the 4,539 shares. Before that another transaction happened on May 13 ’24, when Company’s CHIEF EXECUTIVE OFFICER bought 4,099 for $5.47, making the entire transaction worth $22,407. This insider now owns 65,796,357 shares in total.
Prospect Capital Corp (PSEC) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -27.40% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.00% during the next five years compared to 8.03% growth over the previous five years of trading.
Prospect Capital Corp (NASDAQ: PSEC) Trading Performance Indicators
Prospect Capital Corp (PSEC) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.30, a number that is poised to hit 0.18 in the next quarter and is forecasted to reach 0.67 in one year’s time.
Technical Analysis of Prospect Capital Corp (PSEC)
Let’s dig in a bit further. During the last 5-days, its volume was 2.79 million. That was better than the volume of 2.06 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 77.26%. Additionally, its Average True Range was 0.11.
During the past 100 days, Prospect Capital Corp’s (PSEC) raw stochastic average was set at 29.13%, which indicates a significant decrease from 54.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.42% in the past 14 days, which was higher than the 21.36% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.35, while its 200-day Moving Average is $5.59. However, in the short run, Prospect Capital Corp’s stock first resistance to watch stands at $5.07. Second resistance stands at $5.14. The third major resistance level sits at $5.19. If the price goes on to break the first support level at $4.95, it is likely to go to the next support level at $4.90. Assuming the price breaks the second support level, the third support level stands at $4.83.
Prospect Capital Corp (NASDAQ: PSEC) Key Stats
Market capitalization of the company is 2.08 billion based on 417,758K outstanding shares. Right now, sales total 852,210 K and income totals -101,640 K. The company made 202,220 K in profit during its latest quarter, and 144,360 K in sales during its previous quarter.
