Look Past The Setbacks And Give Prospect Capital Corp (NASDAQ: PSEC) Another Chance

Prospect Capital Corp (NASDAQ:PSEC) currently has a daily average trading volume of 1.63M but it saw 1524057 shares traded in last market. With a market cap of 2.30B USD, the company’s current market price of $5.50 came falling about -1.43 while comparing to the previous closing price of $5.58. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.69 and as low as $5.03.

Taking a look at 20-day trading activity of Prospect Capital Corp (PSEC) gives us an average price of $5.54, while its current price level is -17.79% below from 52-week high level whereas it is 9.45% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $5.58 while that of 200 days or SMA-200 reads an average of $5.65. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.43% during that period while stretching the period over a month that decreases to 1.19%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 44.22 which implies that the stock is in neutral territory.

Over the week, PSEC’s stock price is moving -1.79% down while it is -2.14% when we observe its performance for the past one month. Year-to-date it is -8.18% down and over the past year, the stock is showing a downside performance of -17.29%.

Currently, Prospect Capital Corp’s total number of outstanding shares is 417.76M. It has a price to earnings ratio (P/E ratio) of 18.33 while having a 8.21 of forward P/E ratio. Stock’s beta reads 1.00. Stock has a price to book (P/B) ratio of 0.61 while price to sale or P/S ratio amounts to 2.64.