Ares Capital Corp (NASDAQ: ARCC) has a higher price-to-earnings ratio of 7.07x compared to its average ratio. ARCC has 36-month beta value of 1.05. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 4 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for ARCC is 609.92M, and currently, short sellers hold a 2.97% ratio of that float. The average trading volume of ARCC on June 24, 2024 was 3.33M shares.
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ARCC) stock’s latest price update
Ares Capital Corp (NASDAQ: ARCC)’s stock price has soared by 0.68 in relation to previous closing price of 20.58. Nevertheless, the company has seen a gain of 0.19% in its stock price over the last five trading days. seekingalpha.com reported 2024-06-23 that The Federal Reserve has created many opportunities for yield-chasing investors. Investors can now access high income with limited risk. The question is whether to focus on income growth over capturing abnormal yield now.
ARCC’s Market Performance
Ares Capital Corp (ARCC) has experienced a 0.19% rise in stock performance for the past week, with a -3.04% drop in the past month, and a 3.65% rise in the past quarter. The volatility ratio for the week is 1.04%, and the volatility levels for the past 30 days are at 1.05% for ARCC. The simple moving average for the last 20 days is -2.38% for ARCC’s stock, with a simple moving average of 2.92% for the last 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 -1.22% 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 -5.13% of loss for the given period.
Volatility was left at 1.05%, however, over the last 30 days, the volatility rate increased by 1.04%, as shares sank -2.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.96% upper at present.
During the last 5 trading sessions, ARCC rose by +0.17%, which changed the moving average for the period of 200-days by +7.90% in comparison to the 20-day moving average, which settled at $21.20. In addition, Ares Capital Corp saw 3.44% 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 Corp stands at 0.93. The total capital return value is set at 0.06.
Based on Ares Capital Corp (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 13.11. The receivables turnover for the company is 3.94for trailing twelve months and the total asset turnover is 0.08.
Conclusion
To put it simply, Ares Capital Corp (ARCC) 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.
