Ares Management Corp (NYSE: ARES)’s stock price has dropped by -0.65 in relation to previous closing price of 146.14. Nevertheless, the company has seen a gain of 0.48% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-07 that There are growing risks of a recession hitting due to weakening job numbers, rising unemployment, and weakening consumer spending capacity. We share a portfolio of high-yield stocks that should be able to weather a recession quite well. The yields range from 4.5%-14%.
Is It Worth Investing in Ares Management Corp (NYSE: ARES) Right Now?
The price-to-earnings ratio for Ares Management Corp (NYSE: ARES) is 73.38x, which is above its average ratio. Moreover, the 36-month beta value for ARES is 1.23. Analysts have varying opinions 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 183.92M and currently, short sellers hold a 2.28% of that float. On August 29, 2024, ARES’s average trading volume was 1.24M shares.
ARES’s Market Performance
The stock of Ares Management Corp (ARES) has seen a 0.48% increase in the past week, with a -2.93% drop in the past month, and a 2.12% gain in the past quarter. The volatility ratio for the week is 1.85%, and the volatility levels for the past 30 days are at 2.47% for ARES. The simple moving average for the last 20 days is 1.51% for ARES’s stock, with a simple moving average of 10.98% for the last 200 days.
Analysts’ Opinion of ARES
Many brokerage firms have already submitted their reports for ARES stocks, with Redburn Atlantic repeating the rating for ARES by listing it as a “Neutral.” The predicted price for ARES in the upcoming period, according to Redburn Atlantic is $140 based on the research report published on August 27, 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 $132, previously predicting the price at $176. The rating they have provided for ARES stocks is “Hold” according to the report published on June 13th, 2024.
Deutsche Bank gave a rating of “Buy” to ARES, setting the target price at $176 in the report published on May 28th of the current year.
ARES Trading at 2.58% 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 -6.65% of loss for the given period.
Volatility was left at 2.47%, however, over the last 30 days, the volatility rate increased by 1.85%, as shares sank -5.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.33% upper at present.
During the last 5 trading sessions, ARES rose by +0.48%, which changed the moving average for the period of 200-days by +37.37% in comparison to the 20-day moving average, which settled at $142.63. In addition, Ares Management Corp saw 22.09% 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 KAPLAN DAVID B, who sale 36,059 shares at the price of $146.35 back on Aug 23 ’24. After this action, KAPLAN DAVID B now owns 100,549 shares of Ares Management Corp, valued at $5,277,281 using the latest closing price.
KAPLAN DAVID B, the Co-Founder of Ares Management Corp, sale 25,525 shares at $147.09 during a trade that took place back on Aug 27 ’24, which means that KAPLAN DAVID B is holding 55,762 shares at $3,754,461 based on the most recent closing price.
Stock Fundamentals for ARES
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.8 for the gross margin
The net margin for Ares Management Corp stands at 0.14. The total capital return value is set at 0.04. Equity return is now at value 20.16, with 1.60 for asset returns.
Based on Ares Management Corp (ARES), the company’s capital structure generated 0.88 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 7.1. The interest coverage ratio of the stock is 4.71.
Currently, EBITDA for the company is 2.43 billion with net debt to EBITDA at 14.14. When we switch over and look at the enterprise to sales, we see a ratio of 10.9. The receivables turnover for the company is 3.81for trailing twelve months and the total asset turnover is 0.16.
Conclusion
To wrap up, the performance of Ares Management Corp (ARES) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
