With 0.62 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.55 million shares. The 52-week range on PNNT shows that it touched its highest point at $8.04 and its lowest point at $5.72 during that stretch. It currently has a 1-year price target of $6.88. With its current market cap of 429.00 million, PNNT has annualized dividend of $0.96 while the current yield stands at 14.61%. Beta for the stock currently stands at 1.05.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PNNT was down-trending over the past week, with a drop of -2.09%, but this was up by 3.14% over a month. Three-month performance dropped to -8.37% while six-month performance fell -6.54%. The stock lost -11.34% in the past year, while it has lost -7.20% so far this year. A look at the trailing 12-month EPS for PNNT yields 0.84 with Next year EPS estimates of 0.72. For the next quarter, that number is 0.18. This implies an EPS growth rate of -18.67% for this year and -3.61% for next year.
Float and Shares Shorts:
At present, 65.30 million PNNT shares are outstanding with a float of 63.09 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PNNT since 2 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.96206 being high and $0.87371 being low. For PNNT, this leads to a yearly average estimate of $0.91298. Based on analyst estimates, the high estimate for the next quarter is $0.19 and the low estimate is $0.17. The average estimate for the next quarter is thus $0.18.
