As of Friday close, Ares Capital Corporation’s (NASDAQ:ARCC) stock was up $0.14, moving up 0.73 percent to $19.22. The average number of shares traded per day over the past five days has been 2,232,260 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.05 fall in that time frame. In the last twenty days, the average volume was 2,359,665, while in the previous 50 days, it was 2,875,020.
Since last month, ARCC stock rose 0.21%. Shares of the company fell to $19.07 on 09/21/23, the lowest level in the past month. A 52-week high of $20.17 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 risen by 4.06% or $0.75, and marked a new high 9 times. However, the stock has declined by -4.71% since its 52-week high.
ARCC stock investors should be aware that Ares Capital Corporation (ARCC) stock had its last reported insider trading activity 144 days ago on May 02. SCHNABEL MICHAEL KORT, the Co-President of the company, purchased of 15,000 shares for $17.84 on May 02. It resulted in a $267,600 investment by the insider. ROLL PENELOPE F added 3,000 shares at an average price of $17.44 on Mar 16. The insider now owns 60,500 shares following the transaction. On Mar 15, Chief Financial Officer ROLL PENELOPE F bought 3,000 shares at $17.50 apiece. The transaction was valued at $52,500.
Valuation Metrics
Right now, Ares Capital Corporation (ARCC) has a P/E ratio of about 11.72. The stock’s beta is 1.03. Besides these, the trailing price-to-sales (P/S) ratio of 4.41, the price-to-book (PB) ratio of 1.03.
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.
Financial Health
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 $0.57 quarterly earnings, the actual figure was $0.58 per share, beating the consensus estimate by 1.80%. During the quarter, the company generated $468.0 million in EBITDA. The value of shareholders’ equity is $557.38 million.
Technical Picture
This quick technical analysis looks at Ares Capital Corporation’s (ARCC) price momentum. With a historical volatility rate of 14.32%, the RSI 9-day stood at 43.00% on 22 September.
With respect to its five-day moving average, the current Ares Capital Corporation price is down by -0.26% percent or -$0.05. At present, ARCC shares trade +0.05% above its 20-day simple moving average and +5.26% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.52% below its SMA50 and +0.16% above its SMA200.
Stochastic coefficient K was 14.30% and Stochastic coefficient D was 18.36%, while ATR was 0.19. Given the Stochastic reading of 20.55% for the 14-day period, the RSI (14) reading has been calculated as 45.13%. As of today, the MACD Oscillator reading stands at -0.16, while the 14-day reading stands at -0.18.
Analyst Ratings
B. Riley Securities launched its rating on Ares Capital Corporation (NASDAQ: ARCC) to a Buy in a note to investors on June 16, 2023. Ares Capital Corporation (ARCC) has been rated Buy by analysts. According to 0 brokerage firms, ARCC is a sell, and 2 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 $19.75 – $24.00. Based on these forecasts, analysts predict Ares Capital Corporation (ARCC) will achieve an average price target of $20.95.
