On Tuesday, Ares Management Corp (NYSE: ARES) opened lower -0.44% from the last session, before settling in for the closing price of $163.35. Price fluctuations for ARES have ranged from $96.00 to $164.55 over the past 52 weeks.
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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%. Company’s average yearly earnings per share was noted 12.83% at the time writing. With a float of $186.58 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 Updates
A key investor’s attitude towards the stock of the Asset Management industry is another important factor to consider. The insider ownership of Ares Management Corp is 7.55%, while institutional ownership is 87.14%. The most recent insider transaction that took place on Oct 04 ’24, was worth 3,201,400. In this transaction Chief Mktg. & Strategy Officer of this company sold 20,000 shares at a rate of $160.07, taking the stock ownership to the 344,202 shares. Before that another transaction happened on Oct 04 ’24, when Company’s Officer proposed sale 20,000 for $157.05, making the entire transaction worth $3,141,000.
Ares Management Corp (ARES) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 12.83% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 23.06% 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
Check out the current performance indicators for Ares Management Corp (ARES). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.14. Likewise, its price to free cash flow for the trailing twelve months is 14.75.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.98, a number that is poised to hit 0.94 in the next quarter and is forecasted to reach 5.72 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 1.86 million was superior to 1.15 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 89.67%. Additionally, its Average True Range was 3.63.
During the past 100 days, Ares Management Corp’s (ARES) raw stochastic average was set at 94.62%, which indicates a significant increase from 83.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.75% in the past 14 days, which was lower than the 29.85% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $149.06, while its 200-day Moving Average is $137.75. Now, the first resistance to watch is $164.15. This is followed by the second major resistance level at $165.67. The third major resistance level sits at $166.74. If the price goes on to break the first support level at $161.56, it is likely to go to the next support level at $160.49. Assuming the price breaks the second support level, the third support level stands at $158.97.
Ares Management Corp (NYSE: ARES) Key Stats
There are currently 309,815K shares outstanding in the company with a market cap of 32.82 billion. Presently, the company’s annual sales total 3,632 M according to its annual income of 474,330 K. Last quarter, the company’s sales amounted to 788,680 K and its income totaled 94,940 K.
