Ares Acquisition Corporation II (NYSE:AACT) shares, rose in value, with the stock price up by 0.01% to the previous day’s close as strong demand from buyers drove the stock to $11.08.
Actively observing the price movement in the recent trading, the stock is buoying the session at $11.08. The PE ratio was 25.75 over 12-month period. Referring to stock’s 52-week performance, its high was $11.12, and the low was $10.53. On the whole, AACT has fluctuated by 0.56% over the past month.
With the market capitalization of Ares Acquisition Corporation II currently standing at about $692.57 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AACT’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 AACT currently trading nearly 0.25% and 0.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 69.45, while the 7-day volatility ratio is showing 0.34% which for the 30-day chart, stands at 0.22%. Furthermore, Ares Acquisition Corporation II (AACT)’s beta value is 0.00, and its average true range (ATR) is 0.03.
A comparison of Ares Acquisition Corporation II (AACT) with its peers suggests the former has fared considerably weaker in the market. AACT showed an intraday change of 0.01% in today’s session so far, and over the past year, it grew by 5.23%%.
Data on historical trading for Ares Acquisition Corporation II (NYSE:AACT) indicates that the trading volumes over the past 3 months, they’ve averaged 106.52K. According to company’s latest data on outstanding shares, there are 50.00 million shares outstanding.
Nearly 20.00% of Ares Acquisition Corporation II’s shares belong to company insiders and institutional investors own 77.34% of the company’s shares. The stock has risen by 0.92% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AACT stock heading into the next quarter.
