Prospect Capital Corp (PSEC): Uncovering A True Diamond In The Rough

Prospect Capital Corp (NASDAQ:PSEC) currently has a daily average trading volume of 1.97M but it saw 2556315 shares traded in last market. With a market cap of 2.02B USD, the company’s current market price of $4.84 remained unchanged while comparing to the previous closing price of $4.84. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.33 and as low as $4.69. In the recent trading on the day, stock has struck highest price mark of $4.785 while lowest mark touched by it was $4.86.

Taking a look at 20-day trading activity of Prospect Capital Corp (PSEC) gives us an average price of $5.26, while its current price level is -23.54% below from 52-week high level whereas it is 3.20% 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 $5.44 while that of 200 days or SMA-200 reads an average of $5.60. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.71% during that period while stretching the period over a month that decreases to 2.25%. 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 25.15 which implies that the stock is in oversold territory.

Over the week, PSEC’s stock price is moving -1.22% down while it is -13.57% when we observe its performance for the past one month. Year-to-date it is -19.20% down and over the past year, the stock is showing a downside performance of -23.42%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.28 beat the consensus estimate of 0.21 for the same. In next quarter, company is expected to be making quarterly sales of $204.76M as analysts are expecting the sales for current fiscal year at $855.02M and seeing the company making $810.08M in sales next year. Moreover, analysts are in estimates of $205.62M for current-quarter revenue.

Currently, Prospect Capital Corp’s total number of outstanding shares is 417.76M with 26.72% of that held by the insiders while 10.58% of its common stock has been owned by the institutions. It has a price to earnings ratio (P/E ratio) of 16.13 while having a 7.22 of forward P/E ratio. Stock’s beta reads 1.01. Stock has a price to book (P/B) ratio of 0.54 while price to sale or P/S ratio amounts to 2.32.