There is no shortage of investors who are bullish on Hercules Capital Inc. (HTGC) stock

A share price of Hercules Capital Inc. [HTGC] is currently trading at $13.11, up down -1.80%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HTGC shares have lost -6.16% over the last week, with a monthly amount drifted -10.94%, and not seem to be holding up well over a long-time horizon.

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On 13, September 2022, Hercules Receives a BBB+ Reaffirmed Investment Grade Corporate Rating from Kroll Bond Rating Agency, Inc. In a post published today on Yahoo Finance, Hercules Capital, Inc. (NYSE: HTGC) (“Hercules” or the “Company”), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that Kroll Bond Rating Agency, Inc. (“KBRA”) has reaffirmed Hercules’ investment grade corporate and credit rating of BBB+. KBRA issued a statement announcing the reaffirmation of the rating and stable outlook, as well as its underlying analysis.

From an analyst’s perspective:

Hercules Capital Inc. [NYSE: HTGC] stock has seen the most recent analyst activity on July 29, 2022, when Oppenheimer downgraded its rating to a Perform. Previously, Keefe Bruyette downgraded its rating to Mkt Perform on April 22, 2022, and kept the price target unchanged to $18. On April 04, 2022, downgrade downgraded it’s rating to Neutral but maintained its price target of $19 on the stock. Compass Point downgraded its rating to a Neutral but stick to its price target of $18 on February 08, 2022. Oppenheimer initiated its recommendation with a Outperform and recommended $17.50 as its price target on April 28, 2021. RBC Capital Mkts started tracking with a Outperform rating for this stock on March 25, 2021, and assigned it a price target of $17.

Hercules Capital Inc. experienced fluctuations in its stock price throughout the past year between $12.61 and $18.90. Currently, Wall Street analysts expect the stock to reach $16.75 within the next 12 months. Hercules Capital Inc. [NYSE: HTGC] shares were valued at $13.11 at the most recent close of the market. An investor can expect a potential return of 27.77% based on the average price forecast.

Analyzing the HTGC fundamentals

During the last quarter, Hercules Capital Inc. [NYSE:HTGC] saw sales of 69.98 billion, an decline of -47.90%. Gross Margin for this corporation currently stands at +97.07% with Operating Margin at +76.08%, Pretax Margin comes in at +56.86%, and Net Margin reading is +56.30%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.96 points at the first support level, and at 12.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.31, and for the 2nd resistance point, it is at 13.51.

Hercules Capital Inc. [HTGC] reported earnings per share of $0.32 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.33/share, meaning a difference of $-0.01 and a surprise factor of -3.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.3 per share as compared to estimates of $0.31 per share, a difference of $-0.01 representing a surprise of -3.20%.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 6.28, the price to book ratio is 1.48 and the P/E (TTM) ratio is 120.28.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 24 insider buyings of 85,405 shares and 13 insider sellings of 38,593 shares. Recent insider trading involved Loo Wade, Director, that happened on Aug 19 when 24.0 shares were purchased. Director, Loo Wade completed a deal on Aug 18 to buy 57.0 shares. Meanwhile, Chief Operating Officer Follmann Christian bought 420.0 shares on May 26.