The stock of FS KKR Capital Corp. II (NYSE:FSKR) is now priced at $14.49 and the shares are -0.16 points down or -1.09% lower compared to its previous closing price of $14.65. The stock had 1.008 million contracts set over the past session. FSKR shares’ daily volume is compared to its average trading volume at 1.073 million shares. However, it has a float of 0 million and although its performance was -4.36% over the week, it’s one to watch. Analysts have given the FSKR stock a yearly average price target of $15.81 per share. It means the stock’s upside potential is 9.11% with the FSKR share price recently placing at $12.94 to $14.94. However, some brokerage firms have priced the stock below the average, including one that has called $14.75.

The shorts are running away from the FS KKR Capital Corp. II stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the FSKR shares have declined. Short interest in the stock represents just 0% of its float, but the volume has dropped by 0.

Looking at current readings, FS KKR Capital Corp. II’s two-week RSI is 49.2. This suggests that the stock is neutral at the moment and that FSKR shares’ price movement remains stable. The stochastic readings are equally revealing at 41.88% meaning the FSKR share price is currently in neutral territory.

The technical chart shows that the FSKR stock will likely settle at between $15.31 and $16.12 per share. However, if the stock dips below $13.31, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $12.12.

Currently, the stock is trading in the red of MACD, with a reading of -0.27. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.

Analysts at Maxim Group assigned FSKR a rating of Buy in their intiating review released on June 29.

The average rating for the FSKR equity is 2.67 and is currently gathering a bullish momentum. Of 4 analysts tracking FS KKR Capital Corp. II polled by Reuters, 2 rated FSKR as a hold. The remaining 2 analysts were split evenly. However, the split wasn’t equal as a majority (1) rated it as a buy or strong buy. 1 analyst advised investors against buying the stock or to sell if they own any of the stock.

Elsewhere, the FSKR stock price is 6.56X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands below the group’s average of 20.8. FS KKR Capital Corp. II has its P/E ratio at 0, which means that the stock is currently trading at a discount relative to the 1.4 industry average.


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