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Understanding the Risks of Investing in Hercules Capital Inc (HTGC)

Hercules Capital Inc’s recently made public that its Director Theodosopoulos Nikos acquired Company’s shares for reported $28997.0 on Aug 06 ’24. In the deal valued at $18.03 per share,1,608 shares were bought. As a result of this transaction, Theodosopoulos Nikos now holds 5,613 shares worth roughly $ 0.1 million.

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Then, Randhawa Paramjeet K bought 2,898 shares, generating $52,378 in total proceeds. Upon buying the shares at $18.07, the Director now owns 15,972 shares.

Before that, Loo Wade bought 5,645 shares. Hercules Capital Inc shares valued at $104,676 were divested by the Director at a price of $18.54 per share. As a result of the transaction, Loo Wade now holds 8,746 shares, worth roughly $0.16 million.

Compass Point downgraded its Hercules Capital Inc [HTGC] rating to a Neutral from a a Buy in a research note published on January 16, 2024; the price target was increased to $17.50 from $17. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in late November with a ‘”a Neutral”‘ rating. Compass Point also remained covering HTGC and has increased its forecast on August 30, 2023 with a “Buy” recommendation from previously “Neutral” rating. Keefe Bruyette revised its rating on August 04, 2023. It rated HTGC as “a Mkt perform” which previously was an “an Underperform”.

Price Performance Review of HTGC

On Monday, Hercules Capital Inc [NYSE:HTGC] saw its stock jump 0.27% to $18.60. Over the last five days, the stock has lost -2.97%. Hercules Capital Inc shares have risen nearly 12.99% since the year began. Nevertheless, the stocks have risen 19.36% over the past one year. While a 52-week high of $21.69 was reached on 07/31/24, a 52-week low of $14.76 was recorded on 01/02/24. SMA at 50 days reached $19.79, while 200 days put it at $18.46.

Levels Of Support And Resistance For HTGC Stock

The 24-hour chart illustrates a support level at 18.54, which if violated will result in even more drops to 18.47. On the upside, there is a resistance level at 18.72. A further resistance level may holdings at 18.84. The Relative Strength Index (RSI) on the 14-day chart is 43.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.61%. Stochastics %K at 48.34% indicates the stock is a holding.

How much short interest is there in Hercules Capital Inc?

A steep rise in short interest was recorded in Hercules Capital Inc stocks on 2024-08-15, dropping by -0.37 million shares to a total of 5.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 6.24 million shares. There was a decline of -6.22%, which implies that there is a negative sentiment for the stock.

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