Saratoga Investment Corp. [NYSE:SAR] will report earnings after markets close on Wednesday, January 6th.
SAR Earnings Forecast For The Current Quarter
Saratoga Investment Corp. [SAR] is expected to report weak earnings results for the quarter ending on Nov 2020. Consensus estimates give the company expected revenues of $13.47M and an earnings per share of $0.47 for Nov 2020. Looking further ahead, the company is expected to report revenue of $13.91M at an EPS of $0.49 for Feb 2021. The estimates represent 9.70% and 135.45% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
SAR Earnings Estimates For The Current Year
For the financial year, Saratoga Investment Corp. [NYSE:SAR] is expected to bring in revenue of $54.53M. The returns are nearly $-3.92 million lower than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 0.88, lower than that of FY20 by -$5.1. Estimates put this year’s earnings growth at -85.30%, 135.20% for the next. As for sales, forecasts are for a decrease of -6.70% in the current fiscal year and a further 9.70% over the following year.
SAR Price Performance
On Wall Street, Saratoga Investment Corp. [NYSE:SAR] finished Monday’s session down -2.01% at $20.43. The stock went up to $21.08 at the same session while its lowest single day price was $20.20. In the last five days, it saw a fall of about -1.40%, Saratoga Investment Corp. shares dropped by almost -2.01% since the beginning of the year. However, the share price has dropped to as low as -28.82% below its one year high. On 01/04/21, the company shares recorded $21.08, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $20.20. The company’s shares have declined by -17.72% in the past year. The 50-day SMA achieved is $20.38 while the 200-day SMA is $17.08.
Saratoga Investment Corp. [SAR] Valuation Measures
Notably, Saratoga Investment Corp. [SAR] stock can be classified as a good candidate in the listing of underestimated low-priced Asset Management companies to purchase soonest possible with the prevailing 12-month PE ratio of 5.53. The measure means the stock is exchanging at a discount as compared to the 20.24x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 3.91 PS value ratio is reported for the last one year of reported earnings. That is lower than the industry average of 9.60 which means SAR serve an attractive investment opportunity compared to its competitors.
SAR Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 20.06 level, and in case of violation of this particular level, it will cause more drop to 19.69 level. On the upper level, 21.45 is still the key resistance. The stock may increase to the subsequent resistance at 20.94. The Relative Strength Index (RSI) pinned on the 14-day chart is 44.41, implying a neutral technical stance while the MACD stands at -0.04, meaning price will decrease in the next trading period. Percent R indicator moved to 86.78%, implying bearish price movement. Stochastic %K at 20.61% suggest holding the stock.
Is Saratoga Investment Corp. [NYSE:SAR] a Good Buy Right Now?
It should be noted that SAR technical indicators for short, intermediate as well as long term progress have placed an overall average of 80% as Buy. The average signal changed from 80% Buy in the last week and compares with 100% Buy in the past month. Data from Saratoga Investment Corp.’s Trend Spotter indicated that the signals were Bearish. The stock current average is 41955.0 shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 48022.0 shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 46128.0 shares.
What is the short interest in Saratoga Investment Corp.?
Short interest in the Saratoga Investment Corp. stock has surged, increasing by 10210.0 shares to total 26670.0 shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 36880.0, data from Yahoo Finance shows. The decrease of -38.28% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 0.28% of the overall float for the stock.
What are analyst thoughts on Saratoga Investment Corp.?
Looking forward to the Saratoga Investment Corp. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Saratoga Investment Corp. stock at $22.50 within the next 12 months, which represents almost 9.2 per cent growth from its previous closing price of $20.43. The highest analysts’ target for Saratoga Investment Corp. stock projections is $27.00 and the lowest one is $20.00. Still, 6 analysts sharing their consensus rating for SAR stock in 2021 agree that it is a Buy.