As of Friday close, Ares Capital Corporation’s (NASDAQ:ARCC) stock was down -$0.36, moving down -2.02 percent to $17.43. The average number of shares traded per day over the past five days has been 5,797,820 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.24 fall in that time frame. In the last twenty days, the average volume was 4,126,655, while in the previous 50 days, it was 3,594,142.
Since last month, ARCC stock retreated -11.48%. Shares of the company fell to $17.19 on 03/16/23, the lowest level in the past month. A 52-week high of $22.54 was reached on 02/07/23 after having rallying from a 52-week low of $16.51. Since the beginning of this year, ARCC’s stock price has dropped by -5.63% or -$1.04, and marked a new high 9 times. However, the stock has declined by -22.68% since its 52-week high.
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ARCC stock investors should be aware that Ares Capital Corporation (ARCC) stock had its last reported insider trading activity 2 days ago on Mar 16. ROLL PENELOPE F, the Chief Financial Officer of the company, purchased of 3,000 shares for $17.44 on Mar 16. It resulted in a $52,320 investment by the insider. ROLL PENELOPE F added 3,000 shares at an average price of $17.50 on Mar 15. The insider now owns 57,500 shares following the transaction. On Sep 14, Chief Financial Officer ROLL PENELOPE F bought 2,500 shares at $19.04 apiece. The transaction was valued at $47,600.
Right now, Ares Capital Corporation (ARCC) has a P/E ratio of about 15.29. Besides these, the trailing price-to-sales (P/S) ratio of 4.42, the price-to-book (PB) ratio of 0.95.
The latest dividend of $0.48 per share was paid out, remained unchanged from last year’s $0.48. On Wednesday February 9 2022, a $0.45 dividend increase was announced.
Based on annual data, ARCC earned $1.15 billion in gross profit and brought in $2.1 billion in revenue.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Ares Capital Corporation to report $0.56 quarterly earnings, the actual figure was $0.63 per share, beating the consensus estimate by 12.50%. During the quarter, the company generated $515.0 million in EBITDA. The value of shareholders’ equity is $531.37 million.
This quick technical analysis looks at Ares Capital Corporation’s (ARCC) price momentum. With a historical volatility rate of 32.12%, the RSI 9-day stood at 25.69% on 17 March.
With respect to its five-day moving average, the current Ares Capital Corporation price is down by -1.36% percent or -$0.24. At present, ARCC shares trade -11.79% below its 20-day simple moving average and -2.19% percent below its 100-day simple moving average. However, the stock is currently trading approximately -7.58% below its SMA50 and -10.06% below its SMA200.
Stochastic coefficient K was 13.38% and Stochastic coefficient D was 16.78%, while ATR was 0.48. Given the Stochastic reading of 9.42% for the 14-day period, the RSI (14) reading has been calculated as 28.47%. As of today, the MACD Oscillator reading stands at -0.55, while the 14-day reading stands at -1.02.
Hovde Group upgraded its rating on Ares Capital Corporation (NASDAQ: ARCC) to an Outperform in a note to investors on April 28, 2022. The analysts firm previously had a Market perform rating on the stock.Ares Capital Corporation (ARCC) has been rated Buy by analysts. According to 0 brokerage firms, ARCC is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Ares Capital Corporation stock as buy, with 13 recommending it as overweight.
With a median target price of $21.00, the current consensus forecast for the stock is $20.00 – $24.00. Based on these forecasts, analysts predict Ares Capital Corporation (ARCC) will achieve an average price target of $21.13.