Ares Capital Corp (NASDAQ:ARCC) shares, rose in value on Wednesday, January 22, with the stock price up by 0.04% to the previous day’s close as strong demand from buyers drove the stock to $23.38.
Actively observing the price movement in the last trading, the stock closed the session at $23.37, falling within a range of $23.21 and $23.47. The value of beta (5-year monthly) was 1.054 whereas the PE ratio was 8.99 over 12-month period. Referring to stock’s 52-week performance, its high was $23.44, and the low was $19.32. On the whole, ARCC has fluctuated by 11.76% over the past month.
With the market capitalization of Ares Capital Corp currently standing at about $15.11 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.92, with its dividend yield at 8.21%.
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 5.03% and 6.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 77.48, while the 7-day volatility ratio is showing 1.25% which for the 30-day chart, stands at 1.25%. Furthermore, Ares Capital Corp (ARCC)’s beta value is 1.06, and its average true range (ATR) is 0.27.
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 0.04% in last session, and over the past year, it grew by 14.83%%.
Data on historical trading for Ares Capital Corp (NASDAQ:ARCC) indicates that the trading volumes over the past 10 days have averaged 4.14 and over the past 3 months, they’ve averaged 4.22 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 29.88% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16.61 million shares as on 2024-12-31, resulting in a short ratio of 3.13. According to the data, the short interest in Ares Capital Corp (ARCC) stood at 249.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 17.31 million. The stock has risen by 6.81% 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.
