At the time of writing, PennantPark Floating Rate Capital Ltd [PFLT] stock is trading at $10.67, down -1.30%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PFLT shares have lost -3.00% over the last week, with a monthly amount drifted -4.13%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
PennantPark Floating Rate Capital Ltd [NYSE: PFLT] stock has seen the most recent analyst activity on August 12, 2024, when Maxim Group upgraded its rating to a Buy but kept the price target unchanged to $12 for it. Previously, UBS started tracking the stock with Neutral rating on June 08, 2023, and set its price target to $11. On July 09, 2021, Oppenheimer initiated with a Perform rating. Maxim Group downgraded its rating to a Hold. Ladenburg Thalmann downgraded its rating to a Neutral. Keefe Bruyette downgraded its rating to Mkt Perform for this stock on May 09, 2019, and downed its price target to $13. In a note dated November 16, 2018, Ladenburg Thalmann upgraded an Buy rating on this stock.
For the past year, the stock price of PennantPark Floating Rate Capital Ltd fluctuated between $10.28 and $12.63. Currently, Wall Street analysts expect the stock to reach $12 within the next 12 months. PennantPark Floating Rate Capital Ltd [NYSE: PFLT] shares were valued at $10.67 at the most recent close of the market. An investor can expect a potential return of 12.46% based on the average PFLT price forecast.
Analyzing the PFLT fundamentals
According to PennantPark Floating Rate Capital Ltd [NYSE:PFLT], the company’s sales were 166.56M for trailing twelve months, which represents an 28.60% jump. Gross Profit Margin for this corporation currently stands at 0.89% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.6%, and Net Profit Margin reading is 0.6%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.12 and Total Capital is 0.01.
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 10.57 points at the first support level, and at 10.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.87, and for the 2nd resistance point, it is at 11.07.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 5.33, the price to book ratio is 0.94 and price to earnings (TTM) ratio is 6.43.
Transactions by insiders
Recent insider trading involved Briones Jose A, Director, that happened on Jun 05 ’24 when 1745.0 shares were purchased. CFO and Treasurer, Allorto Richard T JR completed a deal on May 30 ’24 to buy 10000.0 shares. Meanwhile, Director Briones Jose A bought 885.0 shares on May 28 ’24.
