Prospect Capital Corp (PSEC): Investing In A Time Of Crisis

Prospect Capital Corp (NASDAQ:PSEC) currently has a daily average trading volume of 2.72M but it saw 1683798 shares traded in last market. With a market cap of 2.29B USD, the company’s current market price of $5.28 came rising about 0.19 while comparing to the previous closing price of $5.27. In past 52 weeks, the stock remained buoying in the range of price level as high as $6.30 and as low as $4.69. In the recent trading on the day, stock has struck highest price mark of $5.1801 while lowest mark touched by it was $5.28.

Taking a look at 20-day trading activity of Prospect Capital Corp (PSEC) gives us an average price of $5.37, while its current price level is -16.19% below from 52-week high level whereas it is 12.58% 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 $5.22 while that of 200 days or SMA-200 reads an average of $5.54. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.75% during that period while stretching the period over a month that increases to 2.07%. 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 47.53 which implies that the stock is in neutral territory.

Year-to-date it is -11.85% down and over the past year, the stock is showing a downside performance of -10.20%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.25 beat the consensus estimate of 0.21 for the same. The company is expected to be releasing its next quarterly report in November, for which analysts forecasted an EPS of 0.17 while estimate for next year EPS is 0.61. In next quarter, company is expected to be making quarterly sales of $203.05M as analysts are expecting the sales for current fiscal year at $782.73M and seeing the company making $743.46M in sales next year. Moreover, analysts are in estimates of $204.76M for current-quarter revenue.

Currently, Prospect Capital Corp’s total number of outstanding shares is 432.93M. It has a price to earnings ratio (P/E ratio) of 15.53 while having a 10.56 of forward P/E ratio. Stock’s beta reads 0.99. Stock has a price to book (P/B) ratio of 0.60 while price to sale or P/S ratio amounts to 2.65.