A share price of PennantPark Investment Corporation [PNNT] is currently trading at $7.16, up 0.28%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PNNT shares have gain 1.13% over the last week, with a monthly amount glided 0.85%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
PennantPark Investment Corporation [NYSE: PNNT] stock has seen the most recent analyst activity on November 27, 2024, when Ladenburg Thalmann downgraded its rating to a Neutral. Previously, Compass Point upgraded its rating to Neutral on September 09, 2024, and kept the price target unchanged to $6. On July 15, 2024, downgrade downgraded it’s rating to Sell but maintained its price target of $6.50 on the stock. Raymond James downgraded its rating to a Mkt Perform. Compass Point downgraded its rating to a Neutral but $6.75 remained the price target by the analyst firm on August 15, 2023. Keefe Bruyette downgraded its rating to Mkt Perform for this stock on February 09, 2023, and downed its price target to $5.50. In a note dated November 19, 2021, JP Morgan upgraded an Neutral rating on this stock and boosted its target price from $6.50 to $7.50.
PennantPark Investment Corporation experienced fluctuations in its stock price throughout the past year between $6.43 and $8.04. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. PennantPark Investment Corporation [NYSE: PNNT] shares were valued at $7.16 at the most recent close of the market. An investor can expect a potential drop of -16.2% based on the average PNNT price forecast.
Analyzing the PNNT fundamentals
Trailing Twelve Months sales for PennantPark Investment Corporation [NYSE:PNNT] were 141.36M which represents -17.80% decline. Gross Profit Margin for this corporation currently stands at 0.95% with Operating Profit Margin at 0.65%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.73.
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 7.11 points at the first support level, and at 7.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.19, and for the 2nd resistance point, it is at 7.21.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 3.31, the price to book ratio is 0.95 and price to earnings (TTM) ratio is 9.42.
Transactions by insiders
Recent insider trading involved Briones Jose A, Director, that happened on Nov 27 ’24 when 3675.0 shares were purchased. CFO and Treasurer, Allorto Richard T JR completed a deal on Mar 12 ’24 to buy 5000.0 shares. Meanwhile, Director Briones Jose A bought 6122.0 shares on Feb 26 ’24.
