Prospect Capital Corp [NASDAQ: PSEC] traded at a low on Thursday, posting a -1.18 loss after which it closed the day’ session at $4.19.
The results of the trading session contributed to over 3358300 shares changing hands. Over the past one week, the price volatility of Prospect Capital Corp stands at 2.39% while the volatility over the past one month is 2.09%.
The market cap for PSEC stock reached $1.86 billion, with 442.74 million shares outstanding and 316.02 million shares in the current float. Compared to the average trading volume of 3.01M shares, PSEC reached a trading volume of 3358300 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Prospect Capital Corp [PSEC]?
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 0.09, with the Price to Sales ratio for PSEC stock in the period of the last 12 months amounting to 2.33. The Price to Book ratio for the last quarter was 0.53.
How has PSEC stock performed recently?
Prospect Capital Corp [PSEC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.56. With this latest performance, PSEC shares dropped by -2.33% in over the last four-week period, additionally sinking by -20.64% over the last 6 months – not to mention a drop of -23.96% 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 36.98, with the RSI for the last a single of trading hit 31.26, and the three-weeks RSI is set at 40.01 for Prospect Capital Corp [PSEC]. The present Moving Average for the last 50 days of trading for this stock 4.32, while it was recorded at 4.29 for the last single week of trading, and 4.94 for the last 200 days.
Insider trade positions for Prospect Capital Corp [PSEC]
There are presently around $10.67%, or 14.87%% 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 1.7062%. 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%.
