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Prospect Capital Corp (PSEC) Analysis & Forecast for 2024

Prospect Capital Corp (NASDAQ: PSEC) is -8.68% lower on its value in year-to-date trading and has touched a low of $5.03 and a high of $6.69 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PSEC stock was last observed hovering at around $5.47 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $5.47, the stock is 2.45% and 0.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing 0.00% at the moment leaves the stock -5.55% off its SMA200. PSEC registered -12.20% loss for a year compared to 6-month loss of -7.60%.

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The stock witnessed a 1.67% gain in the last 1 month and extending the period to 3 months gives it a 0.92%, and is 4.19% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.24% over the week and 1.80% over the month.

Fwd P/E is 7.60. Distance from 52-week low is 8.86% and -18.24% from its 52-week high.

The EPS is expected to shrink by -22.60% this year.

Prospect Capital Corp (PSEC) Top Institutional Holders

The shares outstanding are 415.21M, and float is at 306.79M with Short Float at 7.74%.

Prospect Capital Corp (PSEC) Insider Activity

The most recent transaction is an insider purchase by Van Dask Kristin Lea,the company’sCFO, TREASURER, SECRETARY, CCO. SEC filings show that Van Dask Kristin Lea bought 5,000 shares of the company’s common stock on Mar 11 ’24 at a price of $5.44 per share for a total of $27200.0. Following the purchase, the insider now owns 10000.0 shares.

Prospect Capital Corp disclosed in a document filed with the SEC on Dec 06 ’23 that Eliasek M Grier (Chief Operating Officer) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Dec 06 ’23 and was made at $5.67 per share for $56700.0. Following the transaction, the insider now directly holds 1.62 million shares of the PSEC stock.

Still, SEC filings show that on Dec 05 ’23, Eliasek M Grier (Chief Operating Officer) acquired 10,000 shares at an average price of $5.64 for $56391.0. The insider now directly holds 1,606,130 shares of Prospect Capital Corp (PSEC).

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