PennantPark Investment Corporation (NYSE:PNNT) currently has a daily average trading volume of 565.81K but it saw 453633 shares traded in last market. With a market cap of 412.67M USD, the company’s current market price of $6.32 came rising about 1.94 while comparing to the previous closing price of $6.20. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.04 and as low as $5.72. In the recent trading on the day, stock has struck highest price mark of $6.22 while lowest mark touched by it was $6.38.
Taking a look at 20-day trading activity of PennantPark Investment Corporation (PNNT) gives us an average price of $6.67, while its current price level is -21.39% below from 52-week high level whereas it is 10.49% 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 $6.94 while that of 200 days or SMA-200 reads an average of $7.01. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.30% during that period while stretching the period over a month that increases to 3.56%. 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 40.15 which implies that the stock is in neutral territory.
Compass Point upgraded its recommendation for the stock as a “Neutral” from “Sell” on September 09, 2024 while assigning a price target of $6. Compass Point also issued its recommendations for the stock as it downgraded the price target for the stock is $6.50.
Over the week, PNNT’s stock price is moving 0.80% up while it is -10.73% when we observe its performance for the past one month. Year-to-date it is -10.73% down and over the past year, the stock is showing a downside performance of -7.06%.
Currently, PennantPark Investment Corporation’s total number of outstanding shares is 65.30M. It has a price to earnings ratio (P/E ratio) of 7.52 while having a 7.93 of forward P/E ratio. Stock’s beta reads 1.08. Stock has a price to book (P/B) ratio of 0.83 while price to sale or P/S ratio amounts to 2.87.
