Ares Capital Corp (NASDAQ:ARCC) price on current trading day, fall -1.32% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $19.58.
A look at the stock’s price movement, the level at last check in today’s session was $19.84, moving within a range at $19.49 and $19.91. The beta value (5-Year monthly) was 0.821 while the PE ratio in trailing twelve months stood at 8.02. Turning to its 52-week performance, $23.84 and $18.26 were the 52-week high and 52-week low respectively. Overall, ARCC moved -8.69% over the past month.
Ares Capital Corp’s market cap currently stands at around $13.40 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-04. The company has a Forward Dividend ratio of 1.92, with its dividend yield at 9.81%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 769.32M for the company’s revenue for the quarter, with a low and high estimate of 722M and 794.18M respectively. The average forecast suggests up to a 9.75% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.17B, representing a 5.89% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ARCC is a 100% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 5 recommend ARCC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ARCC’s current price about -8.22% and -12.09% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.18, while 7-day volatility ratio is 8.24% and 3.22% in the 30-day chart. Further, Ares Capital Corp (ARCC) has a beta value of 0.77, and an average true range (ATR) of 0.80. Analysts have given the company’s stock an average 52-week price target of $21.75, forecast between a low of $20 and high of $24. Looking at the price targets, the low is -2.15% off recent price level in today’s trading while to achieve the yearly target high, it has to move -22.57%. Nonetheless, investors will most likely welcome a -11.08% jump to $21.75 which is the analysts’ median price.
If we refocus on Ares Capital Corp (NASDAQ:ARCC), historical trading data shows that trading volumes averaged 9.67 over the past 10 days and 5.38 million over the past 3 months. The company’s latest data on shares outstanding shows there are 684.48 million shares.
The 0.56% of Ares Capital Corp’s shares are in the hands of company insiders while institutional holders own 30.23% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 16.97 million on 2025-03-14, giving us a short ratio of 3.72. The data shows that as of 2025-03-14 short interest in Ares Capital Corp (ARCC) stood at 250.0 of shares outstanding, with shares short falling to 17.41 million registered in 2025-02-14. Current price change has pushed the stock -10.56% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ARCC stock continues to rise going into the next quarter.
