The stock of Ares Management Corp (NYSE: ARES) has increased by 2.91 when compared to last closing price of 145.35.Despite this, the company has seen a loss of -0.80% in its stock price over the last five trading days. zacks.com reported 2024-07-30 that Get a deeper insight into the potential performance of Ares Management (ARES) for the quarter ended June 2024 by going beyond Wall Street’s top -and-bottom-line estimates and examining the estimates for some of its key metrics.
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 65.67x compared to its average ratio. ARES has 36-month beta value of 1.23. 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.”
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The public float for ARES is 170.74M, and currently, short sellers hold a 1.86% ratio of that float. The average trading volume of ARES on July 31, 2024 was 1.32M shares.
ARES’s Market Performance
ARES stock saw an increase of -0.80% in the past week, with a monthly gain of 12.23% and a quarterly increase of 10.88%. The volatility ratio for the week is 2.68%, and the volatility levels for the last 30 days are 2.34% for Ares Management Corp (ARES). The simple moving average for the last 20 days is 4.70% for ARES’s stock, with a simple moving average of 17.99% for the last 200 days.
Analysts’ Opinion of ARES
Many brokerage firms have already submitted their reports for ARES stocks, with Deutsche Bank repeating the rating for ARES by listing it as a “Hold.” The predicted price for ARES in the upcoming period, according to Deutsche Bank is $132 based on the research report published on June 13, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see ARES reach a price target of $176. The rating they have provided for ARES stocks is “Buy” according to the report published on May 28th, 2024.
TD Cowen gave a rating of “Buy” to ARES, setting the target price at $154 in the report published on May 07th of the current year.
ARES Trading at 6.71% 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 -2.00% of loss for the given period.
Volatility was left at 2.34%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares surge +9.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.99% upper at present.
During the last 5 trading sessions, ARES fell by -0.80%, which changed the moving average for the period of 200-days by +34.59% in comparison to the 20-day moving average, which settled at $143.54. In addition, Ares Management Corp saw 25.78% 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 deVeer R. Kipp, who sale 41,676 shares at the price of $150.21 back on Jul 22 ’24. After this action, deVeer R. Kipp now owns 1,075,000 shares of Ares Management Corp, valued at $6,260,152 using the latest closing price.
Rosenthal Bennett, the Co-Founder & Chairman of PEG of Ares Management Corp, sale 150,000 shares at $131.94 during a trade that took place back on Jun 21 ’24, which means that Rosenthal Bennett is holding 0 shares at $19,790,618 based on the most recent closing price.
Stock Fundamentals for ARES
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.64 for the gross margin
The net margin for Ares Management Corp stands at 0.15. The total capital return value is set at 0.04. Equity return is now at value 25.33, with 1.88 for asset returns.
Based on Ares Management Corp (ARES), the company’s capital structure generated 0.9 points at debt to capital in total, while cash flow to debt ratio is standing at -0.02. The debt to equity ratio resting at 8.52. The interest coverage ratio of the stock is 2.01.
Currently, EBITDA for the company is 2.43 billion with net debt to EBITDA at 13.28. When we switch over and look at the enterprise to sales, we see a ratio of 10.75. The receivables turnover for the company is 3.75for 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.
