The trading price of Ares Capital Corp (NASDAQ:ARCC) closed lower on Tuesday, February 11, and closed at $22.70, -0.72% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $22.66 and $22.89. The company’s P/E ratio in the trailing 12-month period was 9.31, while its 5Y monthly beta was 1.054. In examining the 52-week price action we see that the stock hit a 52-week high of $23.84 and a 52-week low of $19.32. Over the past month, the stock has gained 3.30% in value.
Ares Capital Corp, whose market valuation is $15.25 billion at the time of this writing, is expected to release its quarterly earnings report in March. The dividend yield on the company stock is 8.46%, while its Forward Dividend ratio is 1.92. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.54 per share this quarter, however they have predicted annual earnings per share of 2.16 for current year and 2.13 for next year.
Analysts have forecast the company to bring in revenue of 769.32M for the current quarter, with the likely lows of 722M and highs of 794.18M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 3.17B.
On the technical side, indicators suggest ARCC has a 50% 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.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned ARCC a recommendation rating is 7. Out of them, 2 rate it a Hold, while 5 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Ares Capital Corp (ARCC) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that ARCC’s price is currently -2.07% off the SMA20 and 1.29% off the SMA50. The RSI metric on the 14-day chart is currently showing 46.49, and weekly volatility stands at 2.13%. When measured over the past 30 days, the indicator reaches 1.49%. Ares Capital Corp (NASDAQ:ARCC)’s beta value is currently sitting at 1.06, while the Average True Range indicator is currently displaying 0.36. With analysts defining $20-$24 as the low and high price targets, we arrive at a consensus price target of $21.75 for the trailing 12-month period. The current price is about 11.89% off the estimated low and -5.73% off the forecast high, based on this estimate. Investors will be thrilled if ARCC’s share price rises to $21.75, which is the median consensus price. At that level, ARCC’s share price would be 4.19% above current price.
To see how Ares Capital Corp stock has been performing in comparison to its peers in the industry, here are the numbers: ARCC stock’s performance was -0.72% in the latest trading, and 13.47% in the past year. Ares Capital Corp has a P/E ratio of 9.31.
An evaluation of the daily trading volume of Ares Capital Corp (NASDAQ:ARCC) indicates that the 3-month average is 4.69 million. However, this figure has increased over the past 10 days to an average of 5.74.
Currently, records show that 671.48 million of the company’s shares remain outstanding. The insiders hold 0.53% of outstanding shares, whereas institutions hold 30.41%. The stats also highlight that short interest as of 2025-01-15, stood at 18.0 million shares, resulting in a short ratio of 3.56 at that time. From this, we can conclude that short interest is 270.00 of the company’s total outstanding shares. It is noteworthy that short shares in January were up slightly from the previous month’s figure, which was 17.07 million. However, since the stock’s price has seen 3.72% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
