Hercules Capital Inc (HTGC) stock price forecast predicts $16.67 value

A share price of Hercules Capital Inc [HTGC] is currently trading at $18.63, down -0.48%. 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 gain 5.02% over the last week, with a monthly amount glided 8.50%, and seem to be holding up well over a long-time horizon.

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On 20, February 2024, Hercules Capital Announces Upcoming Event for the Financial Community. 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 members of the executive management team will be participating at the following event for the financial community:.

From an analyst’s perspective:

Hercules Capital Inc [NYSE: HTGC] stock has seen the most recent analyst activity on January 16, 2024, when Compass Point downgraded its rating to a Neutral and also boosted its price target to $17.50 from $17. Previously, UBS started tracking the stock with Neutral rating on November 21, 2023, and set its price target to $17. On August 30, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $17.50 on the stock. Keefe Bruyette upgraded its rating to a Mkt Perform and increased its price target to $17 on August 04, 2023. Piper Sandler upgraded its rating to a Overweight but $16 remained the price target by the analyst firm on April 06, 2023. Keefe Bruyette downgraded its rating to Underperform for this stock on March 13, 2023, and downed its price target to $10.50. In a note dated July 29, 2022, Oppenheimer downgraded an Perform rating on this stock.

Hercules Capital Inc experienced fluctuations in its stock price throughout the past year between $10.77 and $18.74. Currently, Wall Street analysts expect the stock to reach $16.67 within the next 12 months. Hercules Capital Inc [NYSE: HTGC] shares were valued at $18.63 at the most recent close of the market. An investor can expect a potential drop of -10.52% based on the average HTGC price forecast.

Analyzing the HTGC fundamentals

Trailing Twelve Months sales for Hercules Capital Inc [NYSE:HTGC] were 469.11M which represents 27.38% growth. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.

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 18.54 points at the first support level, and at 18.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.80, and for the 2nd resistance point, it is at 18.97.

Hercules Capital Inc [HTGC] reported earnings per share of $0.56 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.5/share, meaning a difference of $0.06 and a surprise factor of 12.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.52 per share as compared to estimates of $0.49 per share, a difference of $0.03 representing a surprise of 6.10%.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 6.29, the price to book ratio is 1.63 and price to earnings (TTM) ratio is 8.16.

Transactions by insiders

Recent insider trading involved Follmann Christian, Chief Operating Officer, that happened on May 24 when 455.0 shares were purchased. Chief Operating Officer, Follmann Christian completed a deal on May 24 to sell 455.0 shares. Meanwhile, Director CROWELL GAYLE A bought 7200.0 shares on May 08.

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