PennantPark Investment Corporation (NASDAQ:PNNT) went down by -0.79% during the previous trading session, and it is maintaining the win ahead of Monday’s trading session. The share price of the Asset Management giant went up by $3.77 to trade ended Monday trading at $3.80. This is down from the $3.8 price recorded on Friday’s trading session. Its performance from the start of the year has also been negative, with PNNT down by -42.27% year-to-date.
PennantPark Investment Corporation (PNNT) started the day trading at $3.77 and recorded an intraday high of $3.84. It also recorded an intraday low of $3.63 during Monday’s trading session. PennantPark Investment Corporation is a very active stock that recorded a trading volume that is more than 36.21% of the average daily trading volume on Monday. The stock’s trading volume on Monday was 975244, which is more than 36.21 of the total average daily trading volume of 622.10K.
PennantPark Investment Corporation (NASDAQ:PNNT) 2020 Performance Impressive
The increase in PNNT’s stock price on Monday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of PNNT currently stands at $6.86, which is higher than the current trading price of the stock by 45.04%. However, PNNT’s current trading price is -114.2% lower than the 52-week low price of $1.76. In terms of trading volume, PennantPark Investment Corporation currently experienced healthy participation during the last trading session. 975244 shares of PennantPark Investment Corporation were traded on the stock exchange on Monday, which is more than 36.21% of the 622.10K average trading volume of the stock.
The performance of the stock has been positive over the past year. PNNT’s performance over the past one year has seen it plunge by -40.72%, while the stock has gone down by -42.62% in the last six months. The quarterly performance of PNNT currently stands at 18.93%, and it is up by 33.93% in the last month. The only negative figure was from the weekly performance, which currently reads -10.02%. At the time of writing PNNT’s report, the company has a total market cap of $252.76M, making it one of the largest publicly-traded companies in the world.
PNNT Insider Activities
For PennantPark Investment Corporation, insiders hold 41.84% of all company shares. The insider transactions over the past six months are up by 10.80%. During that period, insiders bought 171,100 shares in 7 transactions. In that same period, insiders sold 0 of their shares in 0 transactions. After these transactions, insiders at PennantPark Investment Corporation now hold 1.76M shares, which is over 41.84% of the total company stocks. Institutional investors currently hold a large chunk of the PNNT shares, as they control 2.62% of the company’s total stock.
PNNT Fundamental Analysis
For PennantPark Investment Corporation, the stock’s diluted earnings per share (EPS) stands at -0.41. In the coming year, analysts expect the EPS to be 0.56. The EPS growth will up over the next five years to 2.00% after plunging by -9.08% in the previous five years. In terms of revenue, PennantPark Investment Corporation’s quarterly sales (YOY) is growing at 0.16, which is higher than the average annual revenue of -9.08% over the past half a decade.
PNNT Analysts Prediction
In October 29, 2019, several analysts reiterated their positions on the PennantPark Investment Corporation stock and predicted its performance to their investors. The analysts at JP Morgan believe PNNT is still a Underweight and set the price target between $6.50 and $6. The Compass Point has a Neutral rating for PennantPark Investment Corporation, predicting the stock price to stay between $8.50 and $7.
Compass Point and DA Davidson also believe that PennantPark Investment Corporation’s stock is outperforming at the moment.
PNNT Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of PNNT currently stands at 10.17%, while the SMA50 is 18.23%. The biggest one is the SMA200, which is currently reading -27.99% ahead of Monday’s trading session. The Relative Strength Index of this stock is 57.28.