Analyzing Stock On Your Own: PennantPark Investment Corporation (NYSE: PNNT)

PennantPark Investment Corporation (NYSE:PNNT) does about 405.78K shares in volume on a normal day but saw 666325 shares change hands in the recent trading day. The company now has a market cap of 508.10M USD. Its current market price is $7.79, marking a decrease of -1.27% compared to the previous close of $7.89. The 52 week high reached by this stock is $7.93 whilst the lowest price level in 52 weeks is $6.01.

PennantPark Investment Corporation (PNNT) has a 20-day trading average at $7.59 and the current price is -1.77% off the 52-week high compared with 29.62% distance from its 52-week low. The 50-day simple moving average of the closing price is $7.44 and its 200-day simple moving average is $6.87. If we look at the stock’s price movements over the week, volatility stands at 1.61%, which decreases to 1.40% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 64.06 to suggest the stock is neutral.

The consensus objective for the share price is $7.25, suggesting that the stock has a potential downside of -7.45% over the period.

1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.

Compass Point also downgraded the stock to “Neutral” from Buy on August 15, 2023 at a price target of $6.75. Keefe Bruyette downgraded its price target at $7-$5.50.

PennantPark Investment Corporation (PNNT) stock is up 3.45% over the week and 1.70% over the past month. Its price is 12.74% year-to-date and 29.19% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -7.45 percent from here.

The price to earnings ratio (P/E ratio) amounts to 8.47 while the forward price to earnings ratio is 8.56. The beta has a value of 1.58. Price to book ratio is 1.01 and price to sales ratio is 3.40.