In the past week, ARCC stock has gone up by 1.48%, with a monthly gain of 1.95% and a quarterly surge of 4.36%. The volatility ratio for the week is 0.93%, and the volatility levels for the last 30 days are 1.12% for Ares Capital Corp The simple moving average for the past 20 days is 2.31% for ARCC’s stock, with a 5.52% simple moving average for the past 200 days.
Is It Worth Investing in Ares Capital Corp (NASDAQ: ARCC) Right Now?
The price-to-earnings ratio for Ares Capital Corp (NASDAQ: ARCC) is 8.46x, which is above its average ratio. Moreover, the 36-month beta value for ARCC is 1.05. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 5 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for ARCC is 640.78M and currently, short sellers hold a 2.72% of that float. On November 26, 2024, ARCC’s average trading volume was 3.34M shares.
ARCC) stock’s latest price update
Ares Capital Corp (NASDAQ: ARCC)’s stock price has plunge by -0.09relation to previous closing price of 22.02. Nevertheless, the company has seen a 1.48% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-24 that ARCC’s portfolio risk has improved, with a decline in Grade 2 risk from 3% to 2.2%, indicating better recovery prospects. No further decline in Grade 4 risk, which represents the lowest risk and reflects strong performance and positive trends. Overall, ARCC maintains a strong portfolio with limited risk of substantial non-accruals in the near term.
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 3.51% 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 -0.23% of loss for the given period.
Volatility was left at 1.12%, however, over the last 30 days, the volatility rate increased by 0.93%, as shares surge +1.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.21% upper at present.
During the last 5 trading sessions, ARCC rose by +1.48%, which changed the moving average for the period of 200-days by +9.62% in comparison to the 20-day moving average, which settled at $21.50. In addition, Ares Capital Corp saw 9.84% 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
- 0.86 for the gross margin
The net margin for Ares Capital Corp stands at 0.64. The total capital return value is set at 0.08.
Currently, EBITDA for the company is 2.12 billion with net debt to EBITDA at -1.0. When we switch over and look at the enterprise to sales, we see a ratio of 5.59. The receivables turnover for the company is 9.13for trailing twelve months and the total asset turnover is 0.09.
Conclusion
To wrap up, the performance of Ares Capital Corp (ARCC) 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.
