The trading price of Ares Acquisition Corporation II (NYSE:AACT) floating higher at last check on current market day and closing at $10.76, 0.09% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $10.75 and $10.7632. The company’s P/E ratio in the trailing 12-month period was 25.55. In examining the 52-week price action we see that the stock hit a 52-week high of $10.78 and a 52-week low of $10.21. Over the past month, the stock has gained 0.19% in value.
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Ares Acquisition Corporation II, whose market valuation is $672.50 million at the time of this writing, is expected to release its quarterly earnings report in September. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest AACT has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that AACT’s price is currently 0.09% off the SMA20 and 0.46% off the SMA50. The RSI metric on the 14-day chart is currently showing 57.90, and weekly volatility stands at 0.18%. When measured over the past 30 days, the indicator reaches 0.15%. Ares Acquisition Corporation II (NYSE:AACT)’s beta value is currently sitting at 0.01, while the Average True Range indicator is currently displaying 0.02.
To see how Ares Acquisition Corporation II stock has been performing today in comparison to its peers in the industry, here are the numbers: AACT stock’s performance was 0.09% at last check in today’s session, and 5.49% in the past year. Ares Acquisition Corporation II has a P/E ratio of 25.55.
An evaluation of the daily trading volume of Ares Acquisition Corporation II (NYSE:AACT) indicates that the 3-month average is 296.09K. However, this figure has increased over the past 10 days to an average of 0.32.
Currently, records show that 50.00 million of the company’s shares remain outstanding. The insiders hold 20.00% of outstanding shares, whereas institutions hold 69.00%. The stats also highlight that short interest as of 2024-07-31, stood at 28714.0 shares, resulting in a short ratio of 0.17 at that time. It is noteworthy that short shares in July were up slightly from the previous month’s figure, which was 2366.0. However, since the stock’s price has seen 3.07% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
