Hercules Capital Inc (NYSE: HTGC) stock suffered a major decline of -11.7% on 8/2/24. The shares closed at $18.81. Moreover, trading volume in this decline was exceptionally high at 789% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -11.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, HTGC is expected to continue to be a major Value Builder.
Hercules Capital has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Hercules Capital has a neutral Appreciation Score of 41 but a good Power Rating of 76, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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