As of Friday close, Ares Management Corporation’s (NYSE:ARES) stock was up $1.64, moving up 1.68 percent to $99.19. The average number of shares traded per day over the past five days has been 1,104,700 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.28 fall in that time frame. In the last twenty days, the average volume was 963,705, while in the previous 50 days, it was 988,790.
Since last month, ARES stock retreated -2.93%. Shares of the company fell to $96.11 on 08/18/23, the lowest level in the past month. A 52-week high of $103.41 was reached on 08/01/23 after having rallying from a 52-week low of $58.34. Since the beginning of this year, ARES’s stock price has risen by 44.93% or $30.75, and marked a new high 32 times. However, the stock has declined by -4.08% since its 52-week high.
ARES stock investors should be aware that Ares Management Corporation (ARES) stock had its last reported insider trading activity 3 days ago on Aug 16. Rosenthal Bennett, the Co-Founder & Chairman of PEG of the company, disposed of 47,511 shares for $97.51 on Aug 16. It resulted in a $4,632,798 divestment by the insider. KAPLAN DAVID B sold 9,946 shares at an average price of $97.51 on Aug 16. The insider now owns 300,000 shares following the transaction. On Aug 15, Director BHUTANI ASHISH bought 10,000 shares at $98.08 apiece. The transaction was valued at $980,800.
Valuation Metrics
Right now, Ares Management Corporation (ARES) has a P/E ratio of about 60.70. The stock’s beta is 1.33. Besides these, the trailing price-to-sales (P/S) ratio of 8.45, the price-to-book (PB) ratio of 10.38.
The latest dividend of $0.77 per share was paid out, remained unchanged from last year’s $0.77.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 7.90, and the total debt-to-equity ratio was 7.90. In the year ended June 29, operating margins totaled 16.30%. Based on annual data, ARES earned $306.36 million in gross profit and brought in $3.06 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.60%. Return on equity (ROE) for the past 12 months was 18.60%.
In Ares Management Corporation’s quarter-end financial report for June 29, it reported total debt of $2.3 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ARES’s revenue rose 36.49% during the quarter, while net income inched up to $1.33 billion. While analysts expected Ares Management Corporation to report $0.85 quarterly earnings, the actual figure was $0.9 per share, beating the consensus estimate by 5.90%. During the quarter, the company generated $255.55 million in EBITDA. The value of shareholders’ equity is $304.52 million.
Technical Picture
This quick technical analysis looks at Ares Management Corporation’s (ARES) price momentum. With a historical volatility rate of 37.37%, the RSI 9-day stood at 49.03% on 18 August.
With respect to its five-day moving average, the current Ares Management Corporation price is down by -0.28% percent or -$0.28. At present, ARES shares trade -2.31% below its 20-day simple moving average and +22.32% percent above its 100-day simple moving average. However, the stock is currently trading approximately +9.53% above its SMA50 and +30.81% above its SMA200.
Stochastic coefficient K was 18.83% and Stochastic coefficient D was 16.33%, while ATR was 2.34. Given the Stochastic reading of 42.19% for the 14-day period, the RSI (14) reading has been calculated as 50.77%. As of today, the MACD Oscillator reading stands at -1.33, while the 14-day reading stands at -1.89.
Analyst Ratings
Ares Management Corporation downgraded its rating on Ares Management Corporation (NYSE: ARES) to a Mkt perform in a note to investors on July 10, 2023. The analysts firm previously had an Outperform rating on the stock.Ares Management Corporation (ARES) has been rated Overweight by analysts. According to 0 brokerage firms, ARES is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Ares Management Corporation stock as buy, with 8 recommending it as overweight.
With a median target price of $108.00, the current consensus forecast for the stock is $95.00 – $126.00. Based on these forecasts, analysts predict Ares Management Corporation (ARES) will achieve an average price target of $109.38.
