As of Thursday close, Ares Management Corporation’s (NYSE:ARES) stock was down -$1.52, moving down -1.43 percent to $104.74. The average number of shares traded per day over the past five days has been 1,116,140 shares. 4 times new highs have been achieved over the past 5 days, with a -$0.23 fall in that time frame. In the last twenty days, the average volume was 984,535, while in the previous 50 days, it was 929,828.
Since last month, ARES stock rose 6.34%. Shares of the company fell to $98.07 on 08/22/23, the lowest level in the past month. A 52-week high of $107.37 was reached on 09/20/23 after having rallying from a 52-week low of $58.34. Since the beginning of this year, ARES’s stock price has risen by 53.04% or $36.30, and marked a new high 38 times. However, the stock has declined by -2.45% since its 52-week high.
ARES stock investors should be aware that Ares Management Corporation (ARES) stock had its last reported insider trading activity 7 days ago on Sep 15. ARES MANAGEMENT LLC, the 10% Owner of the company, purchased of 100,000 shares for $14.79 on Sep 15. It resulted in a $1,478,850 investment by the insider. Rosenthal Bennett sold 150,000 shares at an average price of $104.79 on Sep 15. The insider now owns 100,000 shares following the transaction. On Sep 15, Chief Mktg. & Strategy Officer Berry Ryan sold 35,000 shares at $104.63 apiece. The transaction was valued at $3,661,944.
Valuation Metrics
Right now, Ares Management Corporation (ARES) has a P/E ratio of about 64.10. The stock’s beta is 1.32. Besides these, the trailing price-to-sales (P/S) ratio of 8.74, the price-to-book (PB) ratio of 10.96.
The latest dividend of $0.77 per share was paid out, remained unchanged from last year’s $0.77. On Thursday February 9 2023, a $0.16 dividend increase was announced.
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 45.86% to $1.04 billion 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 21.81%, the RSI 9-day stood at 54.65% on 21 September.
With respect to its five-day moving average, the current Ares Management Corporation price is down by -0.22% percent or -$0.23. At present, ARES shares trade +5.14% above its 20-day simple moving average and +19.58% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.36% above its SMA50 and +37.87% above its SMA200.
Stochastic coefficient K was 71.56% and Stochastic coefficient D was 74.01%, while ATR was 1.93. Given the Stochastic reading of 63.01% for the 14-day period, the RSI (14) reading has been calculated as 57.08%. As of today, the MACD Oscillator reading stands at -0.08, while the 14-day reading stands at 0.57.
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.
