Ares Capital Corporation (NASDAQ:ARCC) shares, rose in value on Thursday, April 25, with the stock price down by -0.55% to the previous day’s close as strong demand from buyers drove the stock to $20.67.
Actively observing the price movement in the recent trading, the stock is buoying the session at $20.79. The PE ratio was 7.71 over 12-month period. Referring to stock’s 52-week performance, its high was $20.86, and the low was $17.53. On the whole, ARCC has fluctuated by 2.15% over the past month.
The company’s Forward Dividend Ratio is 1.92, with its dividend yield at 9.29%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.82B, with a low estimate of 685M and a high estimate of 716.24M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 700.13M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ARCC’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ARCC currently trading nearly 0.87% and 1.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.33, while the 7-day volatility ratio is showing 0.82% which for the 30-day chart, stands at 1.11%. Furthermore, Ares Capital Corporation (ARCC)’s beta value is 1.02, and its average true range (ATR) is 0.21.
A comparison of Ares Capital Corporation (ARCC) with its peers suggests the former has fared considerably weaker in the market. ARCC showed an intraday change of -0.55% in today’s session so far, and over the past year, it grew by 14.10%%.
Data on historical trading for Ares Capital Corporation (NASDAQ:ARCC) indicates that the trading volumes over the past 3 months, they’ve averaged 3.66 million. According to company’s latest data on outstanding shares, there are 606.78 million shares outstanding.
Nearly 0.59% of Ares Capital Corporation’s shares belong to company insiders and institutional investors own 29.33% of the company’s shares. The stock has risen by 3.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ARCC stock heading into the next quarter.
