Ares Capital Corp (NASDAQ:ARCC) shares, rose in value, with the stock price up by 0.41% to the previous day’s close as strong demand from buyers drove the stock to $22.21.
Actively observing the price movement in the recent trading, the stock is buoying the session at $22.12, falling within a range of $22.125 and $22.24. The value of beta (5-year monthly) is 1.054 whereas the PE ratio is 8.54 over 12-month period. Referring to stock’s 52-week performance, its high was $22.43, and the low was $19.32. On the whole, ARCC has fluctuated by 3.16% over the past month.
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With the market capitalization of Ares Capital Corp currently standing at about $14.35 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 1.92, with its dividend yield at 8.64%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.02B, with a low estimate of 763.62M and a high estimate of 814M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 785.55M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ARCC’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of ARCC currently trading nearly 1.00% and 2.79% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.77, while the 7-day volatility ratio is showing 0.92% which for the 30-day chart, stands at 0.94%. Furthermore, Ares Capital Corp (ARCC)’s beta value is 1.05, and its average true range (ATR) is 0.21.
A comparison of Ares Capital Corp (ARCC) with its peers suggests the former has fared considerably weaker in the market. ARCC showed an intraday change of 0.41% in today’s session so far, and over the past year, it grew by 10.39%%.
Data on historical trading for Ares Capital Corp (NASDAQ:ARCC) indicates that the trading volumes over the past 10 days have averaged 4.35 and over the past 3 months, they’ve averaged 3.50 million. According to company’s latest data on outstanding shares, there are 646.08 million shares outstanding.
Nearly 0.53% of Ares Capital Corp’s shares belong to company insiders and institutional investors own 29.54% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 17.31 million shares as on 2024-11-29, resulting in a short ratio of 4.6. According to the data, the short interest in Ares Capital Corp (ARCC) stood at 269.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 17.44 million. The stock has risen by 10.88% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ARCC stock heading into the next quarter.
