PennantPark Investment Corporation [PNNT] stock is trading at $7.04, up 0.14%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PNNT shares have gain 3.23% over the last week, with a monthly amount drifted -3.69%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
PennantPark Investment Corporation [NYSE: PNNT] stock has seen the most recent analyst activity on July 15, 2024, when Compass Point downgraded its rating to a Sell but kept the price target unchanged to $6.50 for it. Previously, Raymond James downgraded its rating to Mkt Perform on May 10, 2024. On August 15, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $6.75 on the stock. Keefe Bruyette downgraded its rating to a Mkt Perform and decreased its price target to $5.50 on February 09, 2023. JP Morgan upgraded its rating to a Neutral and raised its price target to $7.50 on November 19, 2021. Oppenheimer started tracking with a Perform rating for this stock on July 09, 2021, and assigned it a price target of $7.50. In a note dated July 09, 2021, Oppenheimer initiated an Perform rating.
PennantPark Investment Corporation [PNNT] stock has fluctuated between $6.01 and $8.04 over the past year. PennantPark Investment Corporation [NYSE: PNNT] shares were valued at $7.04 at the most recent close of the market.
Analyzing the PNNT fundamentals
PennantPark Investment Corporation [NYSE:PNNT] reported sales of 149.37M for the trailing twelve months, which represents a drop of -1.00%. Gross Profit Margin for this corporation currently stands at 1.66% with Operating Profit Margin at 0.79%, Pretax Profit Margin comes in at 0.54%, and Net Profit Margin reading is 0.49%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.93.
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 6.98 points at the first support level, and at 6.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.10, and for the 2nd resistance point, it is at 7.16.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 3.08, the price to book ratio is 0.91 and price to earnings (TTM) ratio is 10.67.
Transactions by insiders
Recent insider trading involved Allorto Richard T JR, CFO and Treasurer, that happened on Mar 12 ’24 when 5000.0 shares were purchased. Director, Briones Jose A completed a deal on Feb 26 ’24 to buy 6122.0 shares. Meanwhile, Director Briones Jose A bought 1166.0 shares on Feb 26 ’24.
