The Drama Surrounding Prospect Capital Corporation (PSEC), Frontier Communications Corporation (FTR)

A look at PSEC technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 36.92 point. Its trading volume has lost -56633 shares compared to readings over the past three months as it recently exchanged 2493367 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2550000 shares, and this is 0.98 times the normal volume.

Prospect Capital Corporation (NASDAQ:PSEC) dipped by -8.2% over the past three months which led to its overall six-month decrease to stand at -7.4%. The equity price sank -7.54% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a -4.63% fall over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -1.85% and is now up by 1.11% since start of this year.

The shares of Prospect Capital Corporation dropped by -16.05% or -$1.22 from its last recorded high of $7.6 which it attained on August 30 to close at $6.38 per share. Over the past 52 weeks, the shares of Prospect Capital Corporation has been trading as low as $5.7 before witnessing a massive surge by 11.93% or $0.68. This price movement has led to the PSEC stock receiving more attention and has become one to watch out for. It dipped by -0.62% on Monday and this got the market worried. The stock’s beta now stands at 0 and when compared to its 200-day moving average and its 50-day moving average, PSEC price stands -6.59% below and -2.89% below respectively. Its average daily volatility for this week is 2.93% which is more than the 1.96% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Prospect Capital Corporation (PSEC) with most of them predicting a $6 price target on a short-term (12 months) basis. The average price target by the analysts will see a -5.96% rise in the stock and would lead to PSEC’s market cap to surge to $2.19B. The stock has been rated an average 4, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 3 analysts that track Prospect Capital Corporation (NASDAQ:PSEC) and find out that 1 of them rated it as a Hold. 0 of the 2 analysts rated it as a Buy or a Strong Buy while 2 advised investors to desist from buying the stock or sell it if they already possess it.

The price of Frontier Communications Corporation (NASDAQ:FTR) currently stands at $2.09 after it went up by $0.13 or 6.63% and has found a strong support at $1.99 a share. If the FTR price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $1.9 mark would also be bad for the stock as it means that the stock would plunge by 9.09% from its current position. However, if the stock price is able to trade above the resistance point around $2.14, then it could likely surge higher to try and break the upward resistance which stands at $2.2 a share. Its average daily volatility over the past one month stands at 7.96%. The stock has plunged by 6.7% from its 52-weeks high of $1.95 which it reached on May. 07, 2018. In general, it is 13.4% above its 52-weeks lowest point which stands at $1.81 and this setback was observed on Jan. 30, 2019.

Analysts have predicted a price target for Frontier Communications Corporation (FTR) for 1 year and it stands at an average $4.52/share. This means that it would likely increase by 116.27% from its current position. The current price of the stock has been moving between $1.95 and $2.1. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $1.5. On the other hand, one analyst is super bullish about the price, setting a target as high as $15.

The FTR stock Stochastic Oscillator (%D) is at 41.27%, which means that it is currently neutral. The shares P/S ratio stands at 0.02. The stock currently has an estimated price-earnings (P/E) multiple of 0, which is lower than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -39.4% over the past five years.

Analysts view Frontier Communications Corporation (NASDAQ:FTR) as a Sell, with 3.7 consensus rating. Reuters surveyed 13 analysts that follow FTR and found that 5 of those analysts rated the stock as a Hold. The remaining 8 were divided, with 1 analyst rating it as a Buy or a Strong Buy while 7 analysts advised investors to desist from buying Frontier Communications Corporation (FTR) shares or sell it if they already own it.