PennantPark Floating Rate Capital Ltd (NYSE:PFLT) currently has a daily average trading volume of 1.55M but it saw 713841 shares traded in last market. With a market cap of 886.60M USD, the company’s current market price of $10.08 came rising about 0.50 while comparing to the previous closing price of $10.03. 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.
Taking a look at 20-day trading activity of PennantPark Floating Rate Capital Ltd (PFLT) gives us an average price of $9.87, while its current price level is -16.14% below from 52-week high level whereas it is 14.29% 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 $10.52 while that of 200 days or SMA-200 reads an average of $11.04. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.38% during that period while stretching the period over a month that increases to 2.73%. 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 48.36 which implies that the stock is in neutral 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 1.10% up while it is 9.80% when we observe its performance for the past one month. Year-to-date it is -7.78% down and over the past year, the stock is showing a downside performance of -12.35%.
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 22.81% of its common stock has been owned by the institutions. It has a price to earnings ratio (P/E ratio) of 7.36 while having a 7.79 of forward P/E ratio. Stock’s beta reads 0.97. Stock has a price to book (P/B) ratio of 0.89 while price to sale or P/S ratio amounts to 4.12.
