Ares Capital Corp (ARCC) concluded trading on Wednesday at a closing price of $22.66, with 4.08 million shares of worth about $92.39 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.80% during that period and on January 15, 2025 the price saw a gain of about 1.03%. 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 2.67% in past 5 days and over the past one month there was a price change of 2.63%. Year-to-date (YTD), ARCC shares are showing a performance of 3.52% which increased to 11.08% 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 4.07 million. The stock is currently trading 3.69% above its 20-day simple moving average (SMA20), while that difference is up 3.92% for SMA50 and it goes to 7.24% higher than SMA200.
Ares Capital Corp (NASDAQ: ARCC) currently have 646.08M outstanding shares and institutions hold larger chunk of about 29.79% of that.
The stock has a current market capitalization of $14.64B and its 3Y-monthly beta is at 1.05. PE ratio of stock for trailing 12 months is 8.72, 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 1.13% while standing at 1.28% over the month.
Analysts are in expectations that Ares Capital Corp (ARCC) stock would likely to be making an EPS of 0.58 in the current quarter, while forecast for next quarter EPS is 0.56 and it is 2.21 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.56 which is 0.61 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 0.63 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -0.92% while it is estimated to decrease by -5.96% in next year.
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.
