Ares Management Corp (NYSE: ARES) on Tuesday, plunged -0.59% from the previous trading day, before settling in for the closing price of $196.52. Within the past 52 weeks, ARES’s price has moved between $123.85 and $199.94.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 37.99%. The company achieved an average annual earnings per share of 10.76%. With a float of $187.45 million, this company’s outstanding shares have now reached $198.33 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 52.69%, operating margin of 34.22%, and the pretax margin is 36.33%.
Ares Management Corp (ARES) Insider Updates
Observing investor behavior towards Asset Management industry stocks is more important than anything else. The insider ownership of Ares Management Corp is 7.15%, while institutional ownership is 89.06%. The most recent insider transaction that took place on Dec 11 ’24, was worth 2,586,557. In this transaction Chief Mktg. & Strategy Officer of this company sold 14,357 shares at a rate of $180.16, taking the stock ownership to the 233,214 shares. Before that another transaction happened on Nov 27 ’24, when Company’s Chief Mktg. & Strategy Officer sold 200 for $180.07, making the entire transaction worth $36,014. This insider now owns 253,014 shares in total.
Ares Management Corp (ARES) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 10.76% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 22.96% 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 15.17. Likewise, its price to free cash flow for the trailing twelve months is 22.29.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.23, a number that is poised to hit 1.30 in the next quarter and is forecasted to reach 5.51 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 1.24 million was superior to 1.01 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 72.90%. Additionally, its Average True Range was 5.23.
During the past 100 days, Ares Management Corp’s (ARES) raw stochastic average was set at 91.86%, which indicates a significant increase from 71.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.39% in the past 14 days, which was lower than the 27.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $182.14, while its 200-day Moving Average is $156.14. Now, the first resistance to watch is $199.76. This is followed by the second major resistance level at $204.16. The third major resistance level sits at $207.83. If the price goes on to break the first support level at $191.68, it is likely to go to the next support level at $188.01. Assuming the price breaks the second support level, the third support level stands at $183.61.
Ares Management Corp (NYSE: ARES) Key Stats
Market capitalization of the company is 61.16 billion based on 313,056K outstanding shares. Right now, sales total 3,632 M and income totals 474,330 K. The company made 1,130 M in profit during its latest quarter, and 117,870 K in sales during its previous quarter.
