TriplePoint Venture Growth BDC Corp [NYSE: TPVG] stock went on an upward path that rose over 0.69% on Tuesday, amounting to a one-week price increase of more than 4.11%.
Over the last 12 months, TPVG stock dropped by -30.69%. The one-year TriplePoint Venture Growth BDC Corp stock forecast points to a potential upside of 7.32. The average equity rating for TPVG stock is currently 3.00, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $293.96 million, with 40.05 million shares outstanding and 39.48 million shares in the current float. Compared to the average trading volume of 398.33K shares, TPVG stock reached a trading volume of 289920 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on TriplePoint Venture Growth BDC Corp [TPVG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TPVG shares is $7.92 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TPVG stock is a recommendation set at 3.00. 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.
Keefe Bruyette have made an estimate for TriplePoint Venture Growth BDC Corp shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on November 07, 2024. While these analysts kept the previous recommendation, Ladenburg Thalmann dropped their target price from $8.50 to $8. The new note on the price target was released on August 09, 2024, representing the official price target for TriplePoint Venture Growth BDC Corp stock. Previously, the target price had yet another drop from $9.50 to $8.50, while Wells Fargo kept a Underweight rating on TPVG stock.
The Average True Range (ATR) for TriplePoint Venture Growth BDC Corp is set at 0.24, with the Price to Sales ratio for TPVG stock in the period of the last 12 months amounting to 2.37. The Price to Book ratio for the last quarter was 0.80.
TPVG Stock Performance Analysis:
TriplePoint Venture Growth BDC Corp [TPVG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.11. With this latest performance, TPVG shares dropped by -10.05% in over the last four-week period, additionally sinking by -7.90% over the last 6 months – not to mention a drop of -30.69% 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 TPVG stock in for the last two-week period is set at 42.86, with the RSI for the last a single of trading hit 41.72, and the three-weeks RSI is set at 45.04 for TriplePoint Venture Growth BDC Corp [TPVG]. The present Moving Average for the last 50 days of trading for this stock 7.48, while it was recorded at 7.11 for the last single week of trading, and 8.19 for the last 200 days.
TPVG Stock EPS
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 TPVG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for TriplePoint Venture Growth BDC Corp go to 4.00%.
TriplePoint Venture Growth BDC Corp [TPVG] Institutonal Ownership Details
There are presently around $15.63%, or 15.86%% of TPVG stock, in the hands of institutional investors. The top three institutional holders of TPVG stocks are: INVESCO LTD. with ownership of 1.06 million shares, which is approximately 2.8146%. VAN ECK ASSOCIATES CORP, holding 0.85 million shares of the stock with an approximate value of $$6.8 million in TPVG stocks shares; and VAN ECK ASSOCIATES CORP, currently with $$5.58 million in TPVG stock with ownership which is approximately 1.8468%.
