Not Too Big, Not Too Small – This One Is Just Right: Prospect Capital Corporation (PSEC)

Raymond James rated the Prospect Capital Corporation (NASDAQ:PSEC)’s stock as a Mkt Perform in a research note published on Wednesday, August 30th, 2017. Other Wall Street experts have also recently posted reports on these shares. FBR & Co. gave the stock a Mkt Perform rating, while setting a price target at $8.50 in a research note from Thursday, May 11th, 2017. FBR Capital posted a $10 price target for Prospect Capital Corporation stock and rated the stock as an Outperform in a research note dated Wednesday, August 31st, 2016.

At the moment, there are a total of 4 analysts who cover Prospect Capital Corporation (NASDAQ:PSEC) stock. Among that group, 0 of them gave BUY ratings, 0 of them rated the stock as OUTPERFORM, 3 recommended it as HOLD, 0 set the rating at UNDERPERFORM and 1 rated it as a SELL.

The company, which is valued at $2.45B, last published its earnings results on Tuesday, 11/06/2018 for the quarter that ended in Sep-18. The business posted revenue of $180.42 million for the three-month period, above $14.33 million, compared to analysts’ forecasts of $166.09 million with a surprise factor of 8.63%. The organization posted $0.23 earnings per share (EPS) for the three-month period, missing the Thomson Reuter’s analyst consensus estimate of $0.21 by $0.02– amounting to a surprise factor of 9.52%.

At times, the stock market can get highly confusing – even for some of the most experienced traders. Even when the result is what you had expected, the market might suddenly decide to make an opposing movement. This can spark a great deal of doubt and second-guessing. Keeping tabs on historical price performance, as well as both long-term and short-term trends, can be very useful. Over the past 7 days, Prospect Capital Corporation (NASDAQ:PSEC) stock has increased in price by 6.70%. Looking backwards over the past quarter, these shares have fell -6.69%. Turning to look at the last 6 months, this stock has dropped 0.15% to its price. Since the beginning of the calendar year, this stock has moved down by 1.18%.

Now let’s examine some potential support and resistance levels for this particular stock. Following a recent spotcheck, the public organization Prospect Capital Corporation (NASDAQ:PSEC) has been observed as trading -6.95% away from its 90-day high price. Taking a look at the other side of things, this stock has been trading +17.37% away from its 90-day low. Moving to a broader perspective, this stock has recently been trading -11.97% away from its 52-week high and +17.37% away from its 52-week low price.

Now let’s look at this public company’s trading volatility. Its 1-Week Volatility currently stands at 2.54%, while its Month Volatility is 3.40%. This stock’s ATR (Average True Range) is currently 0.19. Volatility demonstrates how much the stock will dive or rise if the wider market suffers or surges. A stock that has a beta score higher than 1 means that volatility is high, while less than 1 means that volatility is low.

Prospect Capital Corporation (NASDAQ:PSEC) stock slipped -$0.02 lower during the regular trading session on Thursday, hitting $6.69. This organization’s stock showed a trading volume of 1.8 million shares, compared to its average daily volume of 2.49M shares.