Ares Management Corp (NYSE: ARES) on Monday, soared 0.11% from the previous trading day, before settling in for the closing price of $160.39. Within the past 52 weeks, ARES’s price has moved between $96.00 and $160.39.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 47.97%. The company achieved an average annual earnings per share of 13.52%. With a float of $184.53 million, this company’s outstanding shares have now reached $187.07 million.
The extent of productivity of a business whose workforce counts for 2850 workers is very important to gauge. In terms of profitability, gross margin is 48.01%, operating margin of 29.68%, and the pretax margin is 39.06%.
Ares Management Corp (ARES) Insider and Institutional Ownership
Observing investor behavior towards Asset Management industry stocks is more important than anything else. The insider ownership of Ares Management Corp is 7.58%, while institutional ownership is 88.09%. The most recent insider transaction that took place on Oct 04 ’24, was worth 3,141,000. Before that another transaction happened on Sep 17 ’24, when Company’s Chief Mktg. & Strategy Officer sold 25,000 for $151.31, making the entire transaction worth $3,782,722. This insider now owns 389,202 shares in total.
Ares Management Corp (ARES) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 13.52% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 24.04% during the next five years compared to 52.32% growth over the previous five years of trading.
Ares Management Corp (NYSE: ARES) Trading Performance Indicators
Ares Management Corp (ARES) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.92. Likewise, its price to free cash flow for the trailing twelve months is 14.41.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.98, a number that is poised to hit 0.95 in the next quarter and is forecasted to reach 5.79 in one year’s time.
Technical Analysis of Ares Management Corp (ARES)
The latest stats from [Ares Management Corp, ARES] show that its last 5-days average volume of 0.91 million was inferior to 1.11 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 82.20%. Additionally, its Average True Range was 3.34.
During the past 100 days, Ares Management Corp’s (ARES) raw stochastic average was set at 97.02%, which indicates a significant increase from 90.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.22% in the past 14 days, which was lower than the 28.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $147.32, while its 200-day Moving Average is $136.47. Now, the first resistance to watch is $161.48. This is followed by the second major resistance level at $162.40. The third major resistance level sits at $163.24. If the price goes on to break the first support level at $159.72, it is likely to go to the next support level at $158.88. The third support level lies at $157.96 if the price breaches the second support level.
Ares Management Corp (NYSE: ARES) Key Stats
Market capitalization of the company is 32.06 billion based on 309,815K outstanding shares. Right now, sales total 3,632 M and income totals 474,330 K. The company made 788,680 K in profit during its latest quarter, and 94,940 K in sales during its previous quarter.
