Ares Capital Corp (ARCC) concluded trading on Wednesday at a closing price of $22.10, with 4.32 million shares of worth about $95.48 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.41% during that period and on December 04, 2024 the price saw a loss of about -0.36%. Currently the company’s common shares owned by public are about 646.08M shares, out of which, 640.75M shares are available for trading.
Stock saw a price change of 0.45% in past 5 days and over the past one month there was a price change of 5.84%. Year-to-date (YTD), ARCC shares are showing a performance of 10.33% which increased to 11.28% 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 $22.30 during that period. The average intraday trading volume for Ares Capital Corp shares is 3.44 million. The stock is currently trading 1.46% above its 20-day simple moving average (SMA20), while that difference is up 3.09% for SMA50 and it goes to 5.71% higher than SMA200.
Ares Capital Corp (NASDAQ: ARCC) currently have 646.08M outstanding shares and institutions hold larger chunk of about 29.54% of that.
The stock has a current market capitalization of $14.28B and its 3Y-monthly beta is at 1.05. PE ratio of stock for trailing 12 months is 8.50, 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 0.91% while standing at 0.98% over the month.
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 Wells Fargo on December 02, 2024 offering an Overweight rating for the stock and assigned a target price of $23 to it. Coverage by B. Riley Securities stated Ares Capital Corp (ARCC) stock as a Neutral in their note to investors on January 08, 2024, suggesting a price target of $21 for the stock. On June 16, 2023, B. Riley Securities Initiated their recommendations, while on April 18, 2023, Wells Fargo Downgrade their ratings for the stock with a price target of $18. Stock get an Outperform rating from Hovde Group on April 28, 2022.
