TCP Capital Corp. (NASDAQ:TCPC) mean price target is revealed at $16.65 by Thomson Reuters. The group followed the stock recommendations given by experts in the First Call poll. Also, it is possible that the firm may list per share earnings of $0.38 in the coming quarter and $1.51 for the ongoing fiscal. The market cap of TCP Capital Corp. was $N/A after the equity closed at $16.43 in last trading day.
What The Valuation Says?
The price/earnings ratio is listed in the group of ratios that are used for stock valuation. Commonly entitled as P/E ratio, it aids investors know where the firm positions in the market. It is a consequent when share’s latest price is divided by per-share earnings. TCP Capital Corp. (NASDAQ:TCPC) has a P/E ratio of N/A. Investors can ascertain how the stock is doing in the industry by assessing Price-to-Earnings Growth ratio.
In common, a high P/E proposes that investors are predicting higher earnings surge in the future compared to firms with a lower P/E ratio. A low P/E can direct either that a firm may currently be underrated or that the firm is doing extremely well comparative to its past trends. When a firm has no earnings or is recording losses, in both circumstances P/E will be stated as “N/A.” Though it is likely to compute a negative P/E, it is not the common convention.
TCP Capital Corp. (NASDAQ:TCPC) PEG ratio sits at 2.21. A low PEG ratio presents an investment opportunity to the resourceful traders and investors. The stocks with a reading in between 0 and 1 are undervalued equities. A reading of 1 and 2 denotes fairly priced stocks.
The technical study of TCP Capital Corp. visibly elucidates that the 50-day MA of TCP Capital Corp. is $16.12, and stock is trading $0.23 points away or +1.41% from 50-day moving average of $16.12. It is trading $1.31 or +8.72% away 200-day moving average of $15.04. TCP Capital Corp. (NASDAQ:TCPC) 52-week high is $16.78 and the 52-week low is $12.00. This represents that if the equity moves $-0.43 points upside on the chart, it will hit a 52-week high. On the other hand, if it plunges +36.25%, then the share price can log a new 52-week low.
1 Chart Pattern Every Investor Should Know
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