Prospect Capital Corp (PSEC) shares projected to rise by -14.77%

Prospect Capital Corp [PSEC] stock prices are up 0.19% to $5.28 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value.

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From an analyst’s perspective:

Prospect Capital Corp [NASDAQ: PSEC] stock has seen the most recent analyst activity on November 09, 2021, when Raymond James upgraded its rating to a Mkt Perform. Previously, Wells Fargo started tracking the stock with Underweight rating on June 25, 2020, and set its price target to $4.50. On April 20, 2020, downgrade downgraded it’s rating to Underperform. Barclays downgraded its rating to a Underweight and decreased its price target to $6 on January 22, 2019. Raymond James upgraded its rating to a Mkt Perform. FBR & Co. downgraded its rating to Mkt Perform for this stock on May 11, 2017, and downed its price target to $8.50. In a note dated August 31, 2016, FBR Capital reiterated an Outperform rating on this stock and boosted its target price from $9 to $10.

The stock price of Prospect Capital Corp [PSEC] has been fluctuating between $4.69 and $6.30 over the past year. Currently, Wall Street analysts expect the stock to reach $4.5 within the next 12 months. Prospect Capital Corp [NASDAQ: PSEC] shares were valued at $5.28 at the most recent close of the market. An investor can expect a potential drop of -14.77% based on the average PSEC price forecast.

Analyzing the PSEC fundamentals

The Prospect Capital Corp [NASDAQ:PSEC] reported sales of 861.66M for trailing twelve months, representing a drop of -4.20%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.95%, Pretax Profit Margin comes in at 0.59%, and Net Profit Margin reading is 0.59%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.06 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.46.

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 5.21 points at the first support level, and at 5.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.31, and for the 2nd resistance point, it is at 5.35.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 2.65, the price to book ratio is 0.60 and price to earnings (TTM) ratio is 15.53.

Transactions by insiders

Recent insider trading involved Stark Eugene S, Director, that happened on Sep 17 ’24 when 2500.0 shares were purchased. Chief Operating Officer, Eliasek M Grier completed a deal on Sep 16 ’24 to buy 5000.0 shares. Meanwhile, Chief Operating Officer Eliasek M Grier bought 5000.0 shares on Sep 13 ’24.

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