The stock of SuRo Capital Corp. (NASDAQ:SSSS) is now priced at $13.31 and the shares are -0.59 points down or -4.24% lower compared to its previous closing price of $13.9. The stock had 1.077 million contracts set over the past session. SSSS shares’ daily volume is compared to its average trading volume at 0.582 million shares. However, it has a float of 13.02 million and although its performance was 1.84% over the week, it’s one to watch. Analysts have given the SSSS stock a yearly average price target of $15.33 per share. It means the stock’s upside potential is 15.18% with the SSSS share price recently placing at $12.9 to $13.95. However, some brokerage firms have priced the stock below the average, including one that has called $15.

The shorts are running away from the SuRo Capital Corp. stock, with the latest data on short interest released on August 14, 2020, showing that short interest numbers in the SSSS shares have declined. Short interest in the stock represents just 9.54% of its float, but the volume has dropped by -76571. The volume of shorted shares dropped to 1.242 million from 1.318 million shares over the last two weeks. The average intraday trading volume has been 485589 shares, which means that days to cover moved to roughly 2.557474.

In the last trading session, SuRo Capital Corp. (NASDAQ:SSSS) raised by $0.24 over the week and gained $0.59 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $14.91. The stock recorded its established 52-week high on 07/20/20.

Since 03/20/20, the stock has traded to a low of $3.6 at 269.72%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.37. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.

Looking at current readings, SuRo Capital Corp.’s two-week RSI is 57.54. This suggests that the stock is neutral at the moment and that SSSS shares’ price movement remains stable. The stochastic readings are equally revealing at 57.6% meaning the SSSS share price is currently in neutral territory.

The technical chart shows that the SSSS stock will likely settle at between $13.87 and $14.44 per share. However, if the stock dips below $12.82, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $12.34.

Currently, the stock is trading in the green of MACD, with a reading of 0.41. 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.

The average rating for the SSSS equity is 1 and is currently gathering a bullish momentum. Of 3 analysts tracking SuRo Capital Corp. polled by Reuters, 0 rated SSSS as a hold. The remaining 3 analysts were split evenly. However, the split wasn’t equal as a majority (3) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.

Elsewhere, the SSSS stock price is 8.93X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 47.5 above the group’s average of 20.9. SuRo Capital Corp. has its P/E ratio at 1.2, which means that the stock is currently trading at a discount relative to the 1.4 industry average.

Zacks Consensus Estimate forecasts that the current-quarter revenues for SuRo Capital Corp. (NASDAQ:SSSS) will increase by about 37.93%, which will see them reach $300 million. The company’s full-year revenues are, however, expected to diminish by about -26.67%, down from $1.5 million to $1.1 million. SSSS’s expected adjusted earnings should drop almost -42.67% to end up at $0.43 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -32.46% to record $0.77/share.