Ares Capital Corp (ARCC) concluded trading on Wednesday at a closing price of $21.34, with 4.2 million shares of worth about $89.56 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.35% during that period and on October 30, 2024 the price saw a loss of about -1.07%. Currently the company’s common shares owned by public are about 630.39M shares, out of which, 626.74M shares are available for trading.
Stock saw a price change of -0.74% in past 5 days and over the past one month there was a price change of 2.89%. Year-to-date (YTD), ARCC shares are showing a performance of 6.54% which increased to 12.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $18.73 but also hit the highest price of $21.84 during that period. The average intraday trading volume for Ares Capital Corp shares is 3.27 million. The stock is currently trading -0.20% below its 20-day simple moving average (SMA20), while that difference is up 1.64% for SMA50 and it goes to 2.91% higher than SMA200.
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Ares Capital Corp (NASDAQ: ARCC) currently have 630.39M outstanding shares and institutions hold larger chunk of about 29.09% of that.
The stock has a current market capitalization of $13.45B and its 3Y-monthly beta is at 1.06. PE ratio of stock for trailing 12 months is 7.50, while it has posted earnings per share of $2.84 in the same period. It has a debt-to-equity ratio of 1.05. 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 1.33% while standing at 0.85% over the month.
Stock’s fiscal year EPS is expected to drop by -0.24% while it is estimated to decrease by -6.10% in next year. EPS is likely to shrink at an annualized rate of -4.00% for next 5-years, compared to annual growth of 5.85% 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 Corp (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.
