Ares Capital Corp (NASDAQ:ARCC) shares, rose in value, with the stock price down by -0.25% to the previous day’s close as strong demand from buyers drove the stock to $21.93.
Actively observing the price movement in the recent trading, the stock is buoying the session at $21.99. The PE ratio was 10.75 over 12-month period. Referring to stock’s 52-week performance, its high was $23.84, and the low was $18.26. On the whole, ARCC has fluctuated by 6.12% over the past month.
With the market capitalization of Ares Capital Corp currently standing at about $15.23 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.92, with its dividend yield at 8.75%.
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 Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell 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 2.45% and 3.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.17, while the 7-day volatility ratio is showing 0.83% which for the 30-day chart, stands at 1.16%. Furthermore, Ares Capital Corp (ARCC)’s beta value is 0.73, and its average true range (ATR) is 0.39.
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 -0.25% in today’s session so far, and over the past year, it grew by 2.74%%.
Data on historical trading for Ares Capital Corp (NASDAQ:ARCC) indicates that the trading volumes over the past 3 months, they’ve averaged 5.39 million. According to company’s latest data on outstanding shares, there are 694.18 million shares outstanding.
Nearly 0.56% of Ares Capital Corp’s shares belong to company insiders and institutional investors own 32.62% of the company’s shares. The stock has risen by 0.20% 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.
