Prospect Capital Corp [NASDAQ: PSEC] loss -1.31% on the last trading session, reaching $4.52 price per share at the time.
If compared to the average trading volume of 3.10M shares, PSEC reached a trading volume of 3894078 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Prospect Capital Corp [PSEC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PSEC shares is $4.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PSEC stock is a recommendation set at 4.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for Prospect Capital Corp shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on November 09, 2021. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Underweight. The new note on the price target was released on June 25, 2020, representing the official price target for Prospect Capital Corp stock. On January 22, 2019, analysts decreased their price target for PSEC shares from 7 to 6.
The Average True Range (ATR) for Prospect Capital Corp is set at 0.13, with the Price to Sales ratio for PSEC stock in the period of the last 12 months amounting to 2.29. The Price to Book ratio for the last quarter was 0.52.
Trading performance analysis for PSEC stock
Prospect Capital Corp [PSEC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.84. With this latest performance, PSEC shares dropped by -11.89% in over the last four-week period, additionally sinking by -18.71% over the last 6 months – not to mention a drop of -19.86% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PSEC stock in for the last two-week period is set at 38.49, with the RSI for the last a single of trading hit 37.31, and the three-weeks RSI is set at 39.10 for Prospect Capital Corp [PSEC]. The present Moving Average for the last 50 days of trading for this stock 4.98, while it was recorded at 4.60 for the last single week of trading, and 5.31 for the last 200 days.
Prospect Capital Corp [PSEC]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Prospect Capital Corp posted 0.24/share EPS, while the average EPS was predicted by analysts to be reported at 0.22/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PSEC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Prospect Capital Corp go to 5.00%.
An analysis of Institutional ownership at Prospect Capital Corp [PSEC]
There are presently around $9.69%, or 13.54%% of PSEC stock, in the hands of institutional investors. The top three institutional holders of PSEC stocks are: VAN ECK ASSOCIATES CORP with ownership of 7.25 million shares, which is approximately 1.7489%. Y.D. MORE INVESTMENTS LTD, holding 5.06 million shares of the stock with an approximate value of $$29.06 million in PSEC stocks shares; and Y.D. MORE INVESTMENTS LTD, currently with $$18.42 million in PSEC stock with ownership which is approximately 0.8044%.
