Witnessing the stock’s movement on the chart, on Thursday, Ares Management Corp (NYSE: ARES) had a quiet start as it plunged -0.22% to $157.81, before settling in for the price of $158.16 at the close. Taking a more long-term approach, ARES posted a 52-week range of $96.00-$161.56.
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It was noted that the giant of the Financial sector posted annual sales growth of 47.97% over the last 5 years. Meanwhile, its Annual Earning per share during the time was 52.32%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 12.90%. This publicly-traded company’s shares outstanding now amounts to $187.07 million, simultaneously with a float of $186.56 million. The organization now has a market capitalization sitting at $31.85 billion. At the time of writing, stock’s 50-day Moving Average stood at $147.75, while the 200-day Moving Average is $137.09.
Ares Management Corp (ARES) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Asset Management industry. Ares Management Corp’s current insider ownership accounts for 7.56%, in contrast to 87.15% institutional ownership. According to the most recent insider trade that took place on Oct 04 ’24, this organization’s Chief Mktg. & Strategy Officer sold 20,000 shares at the rate of 160.07, making the entire transaction reach 3,201,400 in total value, affecting insider ownership by 344,202.
Ares Management Corp (ARES) Earnings and Revenue Records
Ares Management Corp’s EPS increase for this current 12-month fiscal period is 12.90% and is forecasted to reach 5.73 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 24.04% 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 3.71. Alongside those numbers, its PE Ratio stands at $79.76, 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 8.87. Similarly, its price to free cash flow for trailing twelve months is now 14.32.
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 0.94 in the next quarter, and analysts are predicting that it will be 5.73 at the market close of one year from today.
Technical Analysis of Ares Management Corp (ARES)
Going through the that latest performance of [Ares Management Corp, ARES]. Its last 5-days volume of 2.75 million indicated improvement to the volume of 1.15 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 42.26% While, its Average True Range was 3.79.
Raw Stochastic average of Ares Management Corp (ARES) in the period of the previous 100 days is set at 88.83%, which indicates a major rise in contrast to 57.63% 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 26.72% that was lower than 29.63% volatility it exhibited in the past 100-days period.
