Ares Capital Corp (ARCC) concluded trading on Wednesday at a closing price of $21.40, with 5.92 million shares of worth about $126.73 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.98% during that period and on November 06, 2024 the price saw a gain of about 1.86%. Currently the company’s common shares owned by public are about 646.08M shares, out of which, 641.09M shares are available for trading.
Stock saw a price change of 0.28% in past 5 days and over the past one month there was a price change of 1.86%. Year-to-date (YTD), ARCC shares are showing a performance of 6.84% which increased to 9.52% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $19.32 but also hit the highest price of $22.05 during that period. The average intraday trading volume for Ares Capital Corp shares is 3.11 million. The stock is currently trading -0.03% below its 20-day simple moving average (SMA20), while that difference is up 1.87% for SMA50 and it goes to 3.10% higher than SMA200.
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Ares Capital Corp (NASDAQ: ARCC) currently have 646.08M outstanding shares and institutions hold larger chunk of about 29.33% of that.
The stock has a current market capitalization of $13.83B and its 3Y-monthly beta is at 1.05. PE ratio of stock for trailing 12 months is 8.23, while it has posted earnings per share of $2.60 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 1.36% while standing at 1.00% over the month.
Stock’s fiscal year EPS is expected to rise by 0.40% while it is estimated to decrease by -7.60% in next year. EPS is likely to shrink at an annualized rate of -4.00% for next 5-years, compared to annual growth of 8.15% 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.
