Horizon Technology Finance Corp

Horizon Technology Finance Corp has a market price of $4.28, with a market capitalization of $292.87 million. The company's price-to-book ratio is 0.92, and its price-to-tangible-book ratio is also 0.92, indicating that the market value is slightly below the book value. The enterprise value to EBITDA ratio is negative at -458.43, reflecting the company's negative operating income, while the enterprise value to revenue ratio is 14.12. The company's profitability is weak, with a return on equity of -0.83% and a return on assets of -0.33%. These figures are below the industry median for closed-end funds, which typically exhibit positive returns on equity and assets. The operating income is negative at -$1.60 million, and the net income is also negative at -$2.66 million, indicating a lack of profitability. Horizon Technology Finance Corp's revenue is concentrated in its core financing activities, with no disclosed geographic diversification. The company's total assets amount to $811.10 million, while its total liabilities are $492.60 million, resulting in a debt-to-equity ratio of 1.49. This suggests a relatively high level of leverage, which could increase financial risk. The company's growth trajectory is uncertain, with no significant revenue growth reported in the latest financial data. The operating cash flow is positive at $56.63 million, which provides some liquidity, but the net cash position is negative after subtracting total debt. The company's liquidity risk is rated as medium, and its dilution risk is low. Key risk factors include the company's negative net income and high debt-to-equity ratio, which could affect its ability to meet financial obligations. The risk assessment indicates a medium liquidity risk and a low dilution risk. The company has not issued any recent equity, and there are no indications of near-term dilution pressure. Recent events include analyst estimates for the company's stock price, with a mean price target of $5.50 and a median price target of $5.50. The mean recommendation is 2.80, indicating a hold rating. There are no strong buy recommendations, with one buy and four hold ratings.