Ares Management Corp (NYSE: ARES) started the day on Wednesday, with a price decrease of -0.82% at $140.86, before settling in for the price of $142.02 at the close. Taking a more long-term approach, ARES posted a 52-week range of $96.00-$155.53.
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The company of the Financial sector’s yearbook sales growth during the past 5- year span was recorded 47.97%. Meanwhile, its Annual Earning per share during the time was 52.32%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 13.68%. This publicly-traded company’s shares outstanding now amounts to $187.07 million, simultaneously with a float of $184.23 million. The organization now has a market capitalization sitting at $28.13 billion. At the time of writing, stock’s 50-day Moving Average stood at $142.53, while the 200-day Moving Average is $131.74.
Ares Management Corp (ARES) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Asset Management Industry. Ares Management Corp’s current insider ownership accounts for 7.73%, in contrast to 90.04% institutional ownership. According to the most recent insider trade that took place on Sep 03 ’24, this organization’s Co-Founder & Chairman of PEG sold 26,579 shares at the rate of 142.66, making the entire transaction reach 3,791,691 in total value, affecting insider ownership by 75,000. Preceding that transaction, on Aug 28 ’24, Company’s Co-Founder, CEO and President sold 27,628 for 145.31, making the whole transaction’s value amount to 4,014,563. This particular insider is now the holder of 28,095 in total.
Ares Management Corp (ARES) Earnings and Revenue Records
Ares Management Corp’s EPS increase for this current 12-month fiscal period is 13.68% and is forecasted to reach 5.81 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 24.81% through the next 5 years, which can be compared against the 52.32% growth it accomplished over the previous five years trading on the market.
Ares Management Corp (NYSE: ARES) Trading Performance Indicators
Let’s observe the current performance indicators for Ares Management Corp (ARES). The Stock has managed to achieve an average true range (ATR) of 3.25. Alongside those numbers, its PE Ratio stands at $71.20, and its Beta score is 1.23. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 7.83. Similarly, its price to free cash flow for trailing twelve months is now 12.64.
In the same vein, ARES’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 1.98, a figure that is expected to reach 0.95 in the next quarter, and analysts are predicting that it will be 5.81 at the market close of one year from today.
Technical Analysis of Ares Management Corp (ARES)
If we take a close look at the recent performances of Ares Management Corp (NYSE: ARES), its last 5-days Average volume was 1.03 million that shows plunge from its year to date volume of 1.14 million. During the previous 9 days, stock’s Stochastic %D was recorded 27.04% While, its Average True Range was 3.02.
Raw Stochastic average of Ares Management Corp (ARES) in the period of the previous 100 days is set at 51.58%, which indicates a major rise in contrast to 8.59% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 19.29% that was lower than 30.28% volatility it exhibited in the past 100-days period.
