Ares Capital Corporation (NASDAQ: ARCC) has a price-to-earnings ratio that is above its average at 7.10x. The stock has a 36-month beta value of 1.04. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 4 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for ARCC is 603.50M, and at present, short sellers hold a 2.81% of that float. On May 06, 2024, the average trading volume of ARCC was 3.57M shares.
ARCC) stock’s latest price update
The stock of Ares Capital Corporation (NASDAQ: ARCC) has increased by 0.93 when compared to last closing price of 20.61. Despite this, the company has experienced a -0.04% fall in its stock price over the last five trading sessions. The Motley Fool reported 2024-05-05 that You could earn hefty cash dividends from some of the most crucial energy infrastructure in the U.S. Mid-sized businesses need cash to grow, and they’re willing to pay high interest rates to obtain it.
ARCC’s Market Performance
ARCC’s stock has fallen by -0.04% in the past week, with a monthly rise of 1.12% and a quarterly rise of 4.16%. The volatility ratio for the week is 1.63% while the volatility levels for the last 30 days are 1.16% for Ares Capital Corporation The simple moving average for the past 20 days is 1.19% for ARCC’s stock, with a 4.81% simple moving average for the past 200 days.
Analysts’ Opinion of ARCC
Many brokerage firms have already submitted their reports for ARCC stocks, with B. Riley Securities repeating the rating for ARCC by listing it as a “Neutral.” The predicted price for ARCC in the upcoming period, according to B. Riley Securities is $21 based on the research report published on January 08, 2024 of the current year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see ARCC reach a price target of $20.50. The rating they have provided for ARCC stocks is “Buy” according to the report published on June 16th, 2023.
Wells Fargo gave a rating of “Equal Weight” to ARCC, setting the target price at $18 in the report published on April 18th of the previous year.
ARCC Trading at 1.94% from the 50-Day Moving Average
After a stumble in the market that brought ARCC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.95% of loss for the given period.
Volatility was left at 1.16%, however, over the last 30 days, the volatility rate increased by 1.63%, as shares surge +1.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.43% upper at present.
During the last 5 trading sessions, ARCC fell by -0.05%, which changed the moving average for the period of 200-days by +6.83% in comparison to the 20-day moving average, which settled at $20.57. In addition, Ares Capital Corporation saw 3.85% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ARCC
Current profitability levels for the company are sitting at:
- 0.83 for the present operating margin
- 0.97 for the gross margin
The net margin for Ares Capital Corporation stands at 0.93. The total capital return value is set at 0.06.
Based on Ares Capital Corporation (ARCC), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at -0.03. The debt to equity ratio resting at 0.99. The interest coverage ratio of the stock is 2.78.
Currently, EBITDA for the company is 1.29 billion with net debt to EBITDA at 11.25. When we switch over and look at the enterprise to sales, we see a ratio of 13.08. The receivables turnover for the company is 3.94for trailing twelve months and the total asset turnover is 0.08.
Conclusion
To sum up, Ares Capital Corporation (ARCC) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
