On Monday, PennantPark Investment Corporation (NYSE: PNNT) was -3.21% drop from the session before settling in for the closing price of $6.86. A 52-week range for PNNT has been $6.26 – $8.04.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
When this article was written, the company’s average yearly earnings per share was at -9.00%. With a float of $63.10 million, this company’s outstanding shares have now reached $65.30 million.
In terms of profitability, gross margin is 165.7%, operating margin of 79.33%, and the pretax margin is 54.07%.
PennantPark Investment Corporation (PNNT) Breakdown of a Key Holders of the stock
Also, it is sometimes useful to examine the sentiment of large-scale investors toward PennantPark Investment Corporation stocks. The insider ownership of PennantPark Investment Corporation is 3.36%, while institutional ownership is 28.44%. The most recent insider transaction that took place on Mar 12 ’24, was worth 33,978. In this transaction CFO and Treasurer of this company bought 5,000 shares at a rate of $6.80, taking the stock ownership to the 15,000 shares. Before that another transaction happened on Feb 26 ’24, when Company’s Director bought 6,122 for $6.86, making the entire transaction worth $41,970. This insider now owns 261,657 shares in total.
PennantPark Investment Corporation (PNNT) Recent Fiscal highlights
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.24 earnings per share (EPS) during the time that was better than consensus figure (set at 0.22) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.22 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -9.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 34.00% during the next five years compared to 13.37% growth over the previous five years of trading.
PennantPark Investment Corporation (NYSE: PNNT) Trading Performance Indicators
You can see what PennantPark Investment Corporation (PNNT) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.07.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.66, a number that is poised to hit 0.22 in the next quarter and is forecasted to reach 0.88 in one year’s time.
Technical Analysis of PennantPark Investment Corporation (PNNT)
Compared to the last year’s volume of 0.44 million, its volume of 0.45 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 15.65%. Additionally, its Average True Range was 0.09.
During the past 100 days, PennantPark Investment Corporation’s (PNNT) raw stochastic average was set at 13.04%, which indicates a significant increase from 0.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.14% in the past 14 days, which was lower than the 20.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.96, while its 200-day Moving Average is $7.08. Nevertheless, the first resistance level for the watch stands at $6.81 in the near term. At $6.98, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.07. If the price goes on to break the first support level at $6.55, it is likely to go to the next support level at $6.47. Now, if the price goes above the second support level, the third support stands at $6.30.
PennantPark Investment Corporation (NYSE: PNNT) Key Stats
There are 65,296K outstanding shares of the company, which has a market capitalization of 433.57 million. As of now, sales total 145,370 K while income totals -33,810 K. Its latest quarter income was 37,000 K while its last quarter net income were 3,750 K.
