Ares Acquisition Corporation II (NYSE: AACT)’s stock price has soared by 0.06 in relation to previous closing price of 10.66. Nevertheless, the company has seen a gain of 0.11% in its stock price over the last five trading days.
Is It Worth Investing in Ares Acquisition Corporation II (NYSE: AACT) Right Now?
Ares Acquisition Corporation II (NYSE: AACT) has a higher price-to-earnings ratio of 28.60x compared to its average ratio. AACT has 36-month beta value of 0.01.
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The public float for AACT is 50.00M, and currently, short sellers hold a 0.00% ratio of that float. The average trading volume of AACT on June 27, 2024 was 259.21K shares.
AACT’s Market Performance
AACT stock saw an increase of 0.11% in the past week, with a monthly gain of 0.16% and a quarterly increase of 0.96%. The volatility ratio for the week is 0.11%, and the volatility levels for the last 30 days are 0.13% for Ares Acquisition Corporation II (AACT). The simple moving average for the past 20 days is 0.10% for AACT’s stock, with a 1.86% simple moving average for the past 200 days.
AACT Trading at 0.30% from the 50-Day Moving Average
After a stumble in the market that brought AACT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.82% of loss for the given period.
Volatility was left at 0.13%, however, over the last 30 days, the volatility rate increased by 0.11%, as shares surge +0.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.52% upper at present.
During the last 5 trading sessions, AACT remain unchanged, which changed the moving average for the period of 200-days by +4.05% in comparison to the 20-day moving average, which settled at $10.66. In addition, Ares Acquisition Corporation II saw 2.17% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for AACT
The total capital return value is set at -0.0. Equity return is now at value 9.16, with 8.75 for asset returns.
Based on Ares Acquisition Corporation II (AACT), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -0.32.
Currently, EBITDA for the company is 3542.0 with net debt to EBITDA at -0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.89.
Conclusion
To put it simply, Ares Acquisition Corporation II (AACT) has had a better performance in recent times. Analysts have a mixed 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.
