At the time of writing, BlackRock TCP Capital Corp [TCPC] stock is trading at $8.59, down -1.60%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TCPC shares have gain 10.13% over the last week, with a monthly amount glided 3.49%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
BlackRock TCP Capital Corp [NASDAQ: TCPC] stock has seen the most recent analyst activity on August 26, 2024, when Wells Fargo downgraded its rating to a Underweight and also revised its price target to $8 from $8.50. Previously, Ladenburg Thalmann downgraded its rating to Neutral on August 08, 2024. On March 06, 2024, downgrade downgraded it’s rating to Perform and revised its price target to $11 on the stock. Raymond James downgraded its rating to a Mkt Perform. JMP Securities downgraded its rating to a Mkt Perform. In a note dated February 26, 2021, Raymond James upgraded an Outperform rating on this stock but restated the target price of $14.
For the past year, the stock price of BlackRock TCP Capital Corp fluctuated between $7.71 and $12.18. Currently, Wall Street analysts expect the stock to reach $8 within the next 12 months. BlackRock TCP Capital Corp [NASDAQ: TCPC] shares were valued at $8.59 at the most recent close of the market. An investor can expect a potential drop of -6.87% based on the average TCPC price forecast.
Analyzing the TCPC fundamentals
According to BlackRock TCP Capital Corp [NASDAQ:TCPC], the company’s sales were 232.32M for trailing twelve months, which represents an 32.60% jump. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at -0.12%, and Net Profit Margin reading is -0.12%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.03 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.34.
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 8.51 points at the first support level, and at 8.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.70, and for the 2nd resistance point, it is at 8.81.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 3.16, the price to book ratio is 0.72.
Transactions by insiders
Recent insider trading involved Tseng Philip M, Director and President, that happened on Sep 10 ’24 when 10000.0 shares were purchased. Director and President, Tseng Philip M completed a deal on Sep 06 ’24 to buy 5000.0 shares. Meanwhile, CEO and Chairman of the Board Vig Rajneesh bought 25000.0 shares on Aug 29 ’24.
