At the time of writing, PennantPark Floating Rate Capital Ltd [PFLT] stock is trading at $11.21, down -1.06%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PFLT shares have gain 0.54% over the last week, with a monthly amount drifted -0.53%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Maxim Group upgraded its rating to Buy on August 12, 2024, and kept the price target unchanged to $12. On June 08, 2023, UBS initiated with a Neutral rating and assigned a price target of $11 on the stock. Oppenheimer started tracking the stock assigning a Perform rating. Maxim Group downgraded its rating to a Hold. Ladenburg Thalmann downgraded its rating to Neutral for this stock on May 13, 2019. In a note dated May 09, 2019, Keefe Bruyette downgraded an Mkt Perform rating on this stock and revised its target price from $14 to $13.
For the past year, the stock price of PennantPark Floating Rate Capital Ltd fluctuated between $10.28 and $12.02. 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 $11.21 at the most recent close of the market. An investor can expect a potential return of 7.05% 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 215.39M for trailing twelve months, which represents an 76.50% jump. Gross Profit Margin for this corporation currently stands at 1.09% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.62%, and Net Profit Margin reading is 0.61%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.19.
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 11.14 points at the first support level, and at 11.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.33, and for the 2nd resistance point, it is at 11.46.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 4.58, the price to book ratio is 0.99 and price to earnings (TTM) ratio is 8.18.
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.
