PennantPark Floating Rate Capital Ltd (NYSE:PFLT) currently has a daily average trading volume of 1.54M but it saw 1584854 shares traded in last market. With a market cap of 837.34M USD, the company’s current market price of $9.52 came falling about -3.15 while comparing to the previous closing price of $9.83. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.02 and as low as $8.82. In the recent trading on the day, stock has struck highest price mark of $9.36 while lowest mark touched by it was $9.82.
Taking a look at 20-day trading activity of PennantPark Floating Rate Capital Ltd (PFLT) gives us an average price of $10.79, while its current price level is -20.80% below from 52-week high level whereas it is 7.94% 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 $11.01 while that of 200 days or SMA-200 reads an average of $11.20. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.73% during that period while stretching the period over a month that decreases to 3.00%. 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 29.34 which implies that the stock is in oversold territory.
Maxim Group upgraded its recommendation for the stock as a “Buy” from “Hold” on August 12, 2024 while assigning a price target of $12. UBS also issued its recommendations for the stock as it initiated the price target for the stock is $11.
Over the week, PFLT’s stock price is moving -13.92% down while it is -13.92% when we observe its performance for the past one month. Year-to-date it is -12.90% down and over the past year, the stock is showing a downside performance of -16.20%.
The company is expected to be releasing its next quarterly report on 2025-Feb-09, for which analysts forecasted an EPS of 0.32 while estimate for next year EPS is 1.32. In next quarter, company is expected to be making quarterly sales of $68.13M as analysts are expecting the sales for current fiscal year at $269.9M and seeing the company making $283.98M in sales next year. Moreover, analysts are in estimates of $65.81M for current-quarter revenue.
Currently, PennantPark Floating Rate Capital Ltd’s total number of outstanding shares is 87.96M with 0.96% of that held by the insiders while 21.71% of its common stock has been owned by the institutions. It has a price to earnings ratio (P/E ratio) of 6.95 while having a 7.33 of forward P/E ratio. Stock’s beta reads 1.01. Stock has a price to book (P/B) ratio of 0.84 while price to sale or P/S ratio amounts to 3.89.
