Ares Capital Corp (ARCC) concluded trading on Wednesday at a closing price of $22.09, with 6.35 million shares of worth about $140.26 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.44% during that period and on January 08, 2025 the price saw a gain of about 0.09%. 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 0.91% in past 5 days and over the past one month there was a price change of -0.54%. Year-to-date (YTD), ARCC shares are showing a performance of 0.91% which increased to 8.34% 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 $22.43 during that period. The average intraday trading volume for Ares Capital Corp shares is 3.94 million. The stock is currently trading 1.36% above its 20-day simple moving average (SMA20), while that difference is up 1.63% for SMA50 and it goes to 4.73% 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 $14.27B 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 0.93% while standing at 1.24% 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.
Coverage by Wells Fargo stated Ares Capital Corp (ARCC) stock as an Overweight in their note to investors on December 02, 2024, suggesting a price target of $23 for the stock. On January 08, 2024, B. Riley Securities Downgrade their recommendations, while on June 16, 2023, B. Riley Securities Initiated their ratings for the stock with a price target of $20.50. Stock get an Equal weight rating from Wells Fargo on April 18, 2023.
