Earnings from Oxford Square Capital Corp. [OXSQ] are scheduled on April 27, 2021, before the market opens. It is expected that the company will report weak earnings for the quarter ending Mar 2021.
OXSQ Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $0.09 per share on revenue of $8M. Taking a look at the future, the company is projected to report revenue of $7.9M at an earnings per share of $0.1 for the Jun 2021 quarter.
OXSQ Stock Earnings Forecast For The Current Year
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For the full financial year, Oxford Square Capital Corp. [NASDAQ:OXSQ] is forecasted to generate revenue of $33.3M. The figure is about $-2.64 million below what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.4 in 2021, which is $0.0 lower than the figure in FY20. Based on current estimates, earnings are expected to grow 5.00% annually over the next five years. With regard to sales, forecasts suggest a decline of -7.40% in current fiscal year.
OXSQ Stock Price Performance
At the close of Monday’s session, Oxford Square Capital Corp. [NASDAQ:OXSQ] finished down -1.50% at $4.91. The stock’s highest single-day price was $5.01, and its lowest was $4.91. Its price rose 2.40% in the last five days. Since the beginning of the year, Oxford Square Capital Corp.’s shares are up nearly 61.15%. However, the share price is -3.63% below its one year high. The top price reached by the shares of the company was $5.10 on 04/14/21, while the 52-week low came on 01/04/21, when the shares were $3.05. In the past year, shares of the company have risen 55.54%. At 50 days, the moving average achieved is $4.40 while at 200 days, the moving average is $3.28.
Oxford Square Capital Corp. [NASDAQ:OXSQ] Stock Valuation Metrics
With a prevailing 12-month PE ratio of 163.83, Oxford Square Capital Corp. [OXSQ] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 18.29 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 6.78 PS value ratio is reported for the last one year of reported earnings. This is below the average return 9.93 for the industry, which means OXSQ offers an attractive investment opportunity than its competitors do.
OXSQ Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 4.91 level, and the violation of this level will cause a further drop to 4.88 level. At the upper end, 5.08 remains a key resistance. As the stock increases, it may find resistance at 5.05. In the 14-day chart, the Relative Strength Index standing at 59.18 suggests a technical neutral stance while the MACD standing at 0.00 indicates price will decrease in the next trading period. Stochastic %K at 61.30% suggests holding the stock while Percent R indicator at 56.06% suggests low price movement.
How much is the short interest in Oxford Square Capital Corp.?
There have been a drop in short interest in the Oxford Square Capital Corp. Financial stock, with short interest down by 78530.0 shares to 0.15 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 72210.0 shares. This 52.1% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 0.16% of the overall float in the stock, while the stock’s days to cover moved to 0.2.
How do analysts view Oxford Square Capital Corp.?
In regard to the share price forecast for Oxford Square Capital Corp. stock, the analysts, as surveyed by FactSet, forecast the price to reach $4.75 in the next twelve months, representing almost an -3.37% growth from its recent price of $4.91. Among Oxford Square Capital Corp. stock projections, $4.75 is the highest analyst target for the stock, while $4.75 is the lowest. Despite this, 1 analysts who share their consensus rating for OXSQ in 2021 agree that the stock is a Buy. The latest rating change took place on 3/23/21, when Ladenburg Thalmann Ratings upgraded the stock from “Neutral” to “Buy.”