The stock of Ares Management Corp (ARES) has seen a -3.13% decrease in the past week, with a 0.69% gain in the past month, and a 8.41% flourish in the past quarter. The volatility ratio for the week is 2.00%, and the volatility levels for the past 30 days are at 2.37% for ARES. The simple moving average for the past 20 days is -0.93% for ARES’s stock, with a 14.24% simple moving average for the past 200 days.
Is It Worth Investing in Ares Management Corp (NYSE: ARES) Right Now?
Ares Management Corp (NYSE: ARES) has a higher price-to-earnings ratio of 54.15x compared to its average ratio. ARES has 36-month beta value of 1.17. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for ARES is 164.02M, and currently, short sellers hold a 1.89% ratio of that float. The average trading volume of ARES on May 02, 2024 was 1.08M shares.
ARES) stock’s latest price update
Ares Management Corp (NYSE: ARES) has seen a decline in its stock price by -1.04 in relation to its previous close of 133.09. However, the company has experienced a -3.13% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-25 that Ares Management (ARES) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Analysts’ Opinion of ARES
Many brokerage firms have already submitted their reports for ARES stocks, with Jefferies repeating the rating for ARES by listing it as a “Hold.” The predicted price for ARES in the upcoming period, according to Jefferies is $122 based on the research report published on January 09, 2024 of the current year 2024.
Wolfe Research, on the other hand, stated in their research note that they expect to see ARES reach a price target of $133. The rating they have provided for ARES stocks is “Outperform” according to the report published on October 05th, 2023.
Keefe Bruyette gave a rating of “Mkt Perform” to ARES, setting the target price at $98 in the report published on July 10th of the previous year.
ARES Trading at -1.04% from the 50-Day Moving Average
After a stumble in the market that brought ARES to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.58% of loss for the given period.
Volatility was left at 2.37%, however, over the last 30 days, the volatility rate increased by 2.00%, as shares sank -0.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.69% lower at present.
During the last 5 trading sessions, ARES fell by -3.13%, which changed the moving average for the period of 200-days by +30.46% in comparison to the 20-day moving average, which settled at $132.92. In addition, Ares Management Corp saw 10.75% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ARES starting from RESSLER ANTONY P, who sale 143,569 shares at the price of $131.51 back on Apr 17 ’24. After this action, RESSLER ANTONY P now owns 0 shares of Ares Management Corp, valued at $18,880,987 using the latest closing price.
RESSLER ANTONY P, the Co-Founder & Exec. Chairman of Ares Management Corp, sale 159,860 shares at $130.29 during a trade that took place back on Apr 16 ’24, which means that RESSLER ANTONY P is holding 0 shares at $20,827,932 based on the most recent closing price.
Stock Fundamentals for ARES
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.53 for the gross margin
The net margin for Ares Management Corp stands at 0.18. The total capital return value is set at 0.04. Equity return is now at value 26.32, with 1.95 for asset returns.
Based on Ares Management Corp (ARES), the company’s capital structure generated 0.89 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01. The debt to equity ratio resting at 8.32. The interest coverage ratio of the stock is 1.21.
Currently, EBITDA for the company is 2.43 billion with net debt to EBITDA at 12.0. When we switch over and look at the enterprise to sales, we see a ratio of 9.65. The receivables turnover for the company is 3.2for trailing twelve months and the total asset turnover is 0.16.
Conclusion
To put it simply, Ares Management Corp (ARES) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
