Prospect Capital Corporation [PSEC] Analysis: Why PSEC Stock Is Skyrocketing Today

Over the past three months, Prospect Capital Corporation [PSEC] ended the trading day at $5.44 and exhibited a change of 0.55% with a 24 hour trading and reached upto the volume of 1.54M compared to its recorded trading volume of 1.1 million. PSEC generated a 1 year amount change with -17.02%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by -2.17% with an amount shift of 7.98% over the last month.

On 20, November 2020, Prospect Capital Corporation Announces Change to Virtual Meeting for 2020 Annual Meeting of Stockholders. According to news published on Yahoo Finance, Prospect Capital Corporation (Nasdaq: PSEC) announced today that its annual meeting of stockholders, scheduled for Wednesday, December 2, 2020, at 3:30 p.m. EST (with any postponements or adjournments, the “Annual Meeting”), will be held by Internet webcast in order to mitigate potential risks to the health and safety of the Company’s stockholders, directors, service providers, personnel and other stakeholders arising from the public health impact of the coronavirus outbreak.

Analyst Birdseye View:

The most recent analyst activity for Prospect Capital Corporation [NASDAQ:PSEC] stock was on April 20, 2020, when it was Downgrade with an Underperform rating from Raymond James. Before that, on June 25, 2020, Wells Fargo Recapitulated an Underweight rating and elevated its amount target to $4.50. On January 22, 2019, Barclays Downgrade an Underweight rating and plunged its price target on this stock from $7 to $6. On August 30, 2017, Raymond James Upgrade a Mkt perform rating. On May 11, 2017, FBR & Co. Downgrade a Mkt perform rating and decreased its price target to $8.50. On August 31, 2016, FBR Capital Reiterated an Outperform rating and boosted its amount target on this stock to $10. On February 11, 2016, RBC Capital Mkts Reiterated a Sector perform rating and decreased its target amount on this stock from $10 to $9.

In the past 52 weeks of trading, this stock has oscillated between a low of $3.67 and a peak of $6.75. Right now, the middling Wall Street analyst 12-month amount mark is $4.50. At the most recent market close, shares of Prospect Capital Corporation [NASDAQ:PSEC] were valued at $5.44. According to the average price forecast, investors can expect a potential return of 0.0%.

FUNDAMENTAL ANALYSIS

Prospect Capital Corporation [NASDAQ:PSEC] most recently reported quarterly sales of 145.72 billion, which represented growth of -11.70%. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -0.29, -0.51, -0.25 and -0.30 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 41.16 and the whole liability to whole assets at 40.33. It shows enduring liability to the whole principal at 41.16 and enduring liability to assets at 0.40 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 5.34 points at 1st support level, the second support level is making up to 5.27. But as of 1st resistance point, this stock is sitting at 5.45 and at 5.49 for 2nd resistance point.

Prospect Capital Corporation [PSEC] reported its earnings at $0.15 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.16/share signifying the difference of -0.01 and -6.30% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.16 calling estimates for $0.16/share with the difference of 0 depicting the surprise of 0.00%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 3.05, it’s amount to book ratio is 0.62 and showing 15.03 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Stark Eugene S, Director, and it was the purchase of 2500.0 shares on Aug 28. Barry John F, the CHIEF EXECUTIVE OFFICER, completed a purchase of 0.34 million shares on Mar 24. On Mar 24, Eliasek M Grier, CHIEF OPERATING OFFICER, completed a purchase of 100000.0 shares.