The stock of Ares Management Corp (ARES) has seen a 0.45% increase in the past week, with a 3.39% gain in the past month, and a 16.57% flourish in the past quarter. The volatility ratio for the week is 2.06%, and the volatility levels for the past 30 days are at 2.45% for ARES. The simple moving average for the past 20 days is 0.38% for ARES’s stock, with a 17.99% simple moving average for the past 200 days.
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 75.92x compared to its average ratio, The 36-month beta value for ARES is at 1.19. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for ARES is 186.65M, and currently, shorts hold a 2.09% of that float. The average trading volume for ARES on November 15, 2024 was 1.18M shares.
ARES) stock’s latest price update
The stock of Ares Management Corp (NYSE: ARES) has increased by 0.94 when compared to last closing price of 167.45. Despite this, the company has experienced a 0.45% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-11 that Investors interested in stocks from the Financial – Investment Management sector have probably already heard of T. Rowe Price (TROW) and Ares Management (ARES).
Analysts’ Opinion of ARES
Many brokerage firms have already submitted their reports for ARES stocks, with Wells Fargo repeating the rating for ARES by listing it as a “Equal Weight.” The predicted price for ARES in the upcoming period, according to Wells Fargo is $156 based on the research report published on September 12, 2024 of the current year 2024.
Redburn Atlantic, on the other hand, stated in their research note that they expect to see ARES reach a price target of $140. The rating they have provided for ARES stocks is “Neutral” according to the report published on August 27th, 2024.
Deutsche Bank gave a rating of “Hold” to ARES, setting the target price at $132 in the report published on June 13th of the current year.
ARES Trading at 5.53% 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 -3.82% of loss for the given period.
Volatility was left at 2.45%, however, over the last 30 days, the volatility rate increased by 2.06%, as shares surge +0.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.83% upper at present.
During the last 5 trading sessions, ARES rose by +0.45%, which changed the moving average for the period of 200-days by +39.13% in comparison to the 20-day moving average, which settled at $168.38. In addition, Ares Management Corp saw 42.13% 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 Berry Ryan, who sale 1,671 shares at the price of $175.00 back on Nov 11 ’24. After this action, Berry Ryan now owns 253,214 shares of Ares Management Corp, valued at $292,425 using the latest closing price.
Berry Ryan, the Chief Mktg. & Strategy Officer of Ares Management Corp, sale 18,329 shares at $175.18 during a trade that took place back on Nov 06 ’24, which means that Berry Ryan is holding 254,885 shares at $3,210,874 based on the most recent closing price.
Stock Fundamentals for ARES
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.53 for the gross margin
The net margin for Ares Management Corp stands at 0.12. The total capital return value is set at 0.04. Equity return is now at value 22.70, with 1.80 for asset returns.
Based on Ares Management Corp (ARES), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 5.56. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is 1.09.
Currently, EBITDA for the company is 1.15 billion with net debt to EBITDA at 0.09. When we switch over and look at the enterprise to sales, we see a ratio of 9.01.
Conclusion
In conclusion, Ares Management Corp (ARES) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
