On Monday, Ares Capital Corp (NASDAQ: ARCC) was 0.24% up from the session before settling in for the closing price of $20.92. A 52-week range for ARCC has been $18.55 – $21.84.
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When this article was written, the company’s average yearly earnings per share was at 1.30%. With a float of $625.23 million, this company’s outstanding shares have now reached $630.39 million.
In terms of profitability, gross margin is 83.53%, operating margin of 77.98%, and the pretax margin is 78.07%.
Ares Capital Corp (ARCC) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Ares Capital Corp stocks. The insider ownership of Ares Capital Corp is 0.57%, while institutional ownership is 29.67%.
Ares Capital Corp (ARCC) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.59 earnings per share (EPS) during the time that was better than consensus figure (set at 0.58) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.59 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 1.30% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -4.00% during the next five years compared to 6.82% growth over the previous five years of trading.
Ares Capital Corp (NASDAQ: ARCC) Trading Performance Indicators
You can see what Ares Capital Corp (ARCC) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.69.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.86, a number that is poised to hit 0.59 in the next quarter and is forecasted to reach 2.23 in one year’s time.
Technical Analysis of Ares Capital Corp (ARCC)
The latest stats from [Ares Capital Corp, ARCC] show that its last 5-days average volume of 2.93 million was inferior to 3.43 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 78.99%. Additionally, its Average True Range was 0.24.
During the past 100 days, Ares Capital Corp’s (ARCC) raw stochastic average was set at 65.48%, which indicates a significant decrease from 82.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 5.53% in the past 14 days, which was lower than the 13.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.78, while its 200-day Moving Average is $20.49. Now, the first resistance to watch is $21.10. This is followed by the second major resistance level at $21.23. The third major resistance level sits at $21.34. If the price goes on to break the first support level at $20.86, it is likely to go to the next support level at $20.75. The third support level lies at $20.62 if the price breaches the second support level.
Ares Capital Corp (NASDAQ: ARCC) Key Stats
There are 614,518K outstanding shares of the company, which has a market capitalization of 13.22 billion. As of now, sales total 2,614 M while income totals 1,522 M. Its latest quarter income was 755,000 K while its last quarter net income were 322,000 K.
