Ares Capital Corporation (NASDAQ:ARCC) saw a downside of -1.59% to close Tuesday at $19.22 after subtracting -$0.31 on the day. The 5-day average trading volume is 2,667,800 shares of the company’s common stock. It has gained $19.60 in the past week and touched a new high 2 times within the past 5 days. An average of 2,465,265 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,928,074.
ARCC’s 1-month performance is -0.10% or -$0.02 on its low of $19.07 reached on 09/21/23. The company’s shares have touched a 52-week low of $16.51 and high of $20.17, with the stock’s rally to the 52-week high happening on 02/07/23. YTD, ARCC has achieved 4.06% or $0.75 and has reached a new high 9 times. However, the current price is down -4.71% from the 52-week high price.
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Valuation Metrics
ARCC stock has a beta of 1.02. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.41 while the price-to-book (PB) in the most recent quarter is 1.03.
The firm’s gross profit as reported stood at $1.15 billion against revenue of $2.1 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected ARCC to announce $0.57 per share in earnings in its latest quarter, but it posted $0.58, representing a 1.80% surprise. EBITDA for the quarter stood at more than $468.0 million. Shareholders hold equity totaling $557.38 million.
Let’s look briefly at Ares Capital Corporation (ARCC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 44.69% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.97%.
The stock’s 5-day moving average is $19.27, reflecting a -0.67% or -$0.13 change from its current price. ARCC is currently trading -0.72% above its 20-day SMA, +6.25% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -0.57% and SMA200 by+2.45%.
Stochastic %K and %D was 34.70% and 25.77% and the average true range (ATR) pointed at 0.23. The RSI (14) points at 46.07%, while the 14-day stochastic is at 20.55% with the period’s ATR at 0.22. The stock’s 9-day MACD Oscillator is pointing at 0.03 and -0.07 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Ares Capital Corporation (NASDAQ: ARCC), B. Riley Securities launched coverage with a Buy rating. Analysts offering their rating for ARCC stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate ARCC as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 13 have offered a “buy” rating.
What is ARCC’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $19.75 and a high of $24.00, with their median price target at $21.00. Looking at these predictions, the average price target given by analysts is for Ares Capital Corporation (ARCC) stock is $20.95.
