Ares Capital Corporation (ARCC) concluded trading on Wednesday at a closing price of $20.48, with 4.13 million shares of worth about $84.66 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 6.56% during that period and on March 27, 2024 the price saw a gain of about 1.19%. Currently the company’s common shares owned by public are about 606.78M shares, out of which, 602.53M shares are available for trading.
However, the stock later moved at a day high price of 20.49, or with a gain of 1.19%. Stock saw a price change of 2.71% in past 5 days and over the past one month there was a price change of 1.29%. Year-to-date (YTD), ARCC shares are showing a performance of 2.25% which increased to 14.86% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.53 but also hit the highest price of $20.85 during that period. The average intraday trading volume for Ares Capital Corporation shares is 3.79 million. The stock is currently trading 1.11% above its 20-day simple moving average (SMA20), while that difference is up 1.22% for SMA50 and it goes to 4.39% higher than SMA200.
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Ares Capital Corporation (NASDAQ: ARCC) currently have 606.78M outstanding shares and institutions hold larger chunk of about 29.32% of that.
The stock has a current market capitalization of $12.43B and its 3Y-monthly beta is at 1.03. PE ratio of stock for trailing 12 months is 7.64, while it has posted earnings per share of $2.68 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ARCC, volatility over the week remained 0.93% while standing at 0.95% over the month.
Analysts are in expectations that Ares Capital Corporation (ARCC) stock would likely to be making an EPS of $0.59 in the current quarter, while forecast for next quarter EPS is $0.6 and it is $2.23 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.57 which is $0.62 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.57 in the same quarter a year ago. EPS is likely to shrink at an annualized rate of -0.90% for next 5-years, compared to annual growth of 6.30% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley Securities on January 08, 2024 offering a Neutral rating for the stock and assigned a target price of $21 to it. Coverage by B. Riley Securities stated Ares Capital Corporation (ARCC) stock as a Buy in their note to investors on June 16, 2023, suggesting a price target of $20.50 for the stock. Stock get an Overweight rating from JP Morgan on April 27, 2022.
