Ares Capital Corp [NASDAQ: ARCC] traded at a high on Wednesday, posting a 1.86 gain after which it closed the day’ session at $21.40.
The results of the trading session contributed to over 5921764 shares changing hands. Over the past one week, the price volatility of Ares Capital Corp stands at 1.36% while the volatility over the past one month is 1.00%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for ARCC stock reached $13.83 billion, with 646.08 million shares outstanding and 641.09 million shares in the current float. Compared to the average trading volume of 3.11M shares, ARCC reached a trading volume of 5921764 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Ares Capital Corp [ARCC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ARCC shares is $22.43 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ARCC stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
B. Riley Securities have made an estimate for Ares Capital Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 08, 2024. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Buy. The new note on the price target was released on June 16, 2023, representing the official price target for Ares Capital Corp stock. Previously, the target price had yet another drop from $20 to $18, while Wells Fargo kept a Equal Weight rating on ARCC stock.
The Average True Range (ATR) for Ares Capital Corp is set at 0.25, with the Price to Sales ratio for ARCC stock in the period of the last 12 months amounting to 4.71. The Price to Book ratio for the last quarter was 1.08.
How has ARCC stock performed recently?
Ares Capital Corp [ARCC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.28. With this latest performance, ARCC shares gained by 1.86% in over the last four-week period, additionally plugging by 2.98% over the last 6 months – not to mention a rise of 9.52% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ARCC stock in for the last two-week period is set at 54.72, with the RSI for the last a single of trading hit 54.99, and the three-weeks RSI is set at 54.74 for Ares Capital Corp [ARCC]. The present Moving Average for the last 50 days of trading for this stock 21.01, while it was recorded at 21.09 for the last single week of trading, and 20.76 for the last 200 days.
Earnings analysis for Ares Capital Corp [ARCC]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ARCC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ares Capital Corp go to -4.00%.
Insider trade positions for Ares Capital Corp [ARCC]
There are presently around $29.39%, or 29.55%% of ARCC stock, in the hands of institutional investors. The top three institutional holders of ARCC stocks are: MORGAN STANLEY with ownership of 16.01 million shares, which is approximately 2.7091%. VAN ECK ASSOCIATES CORP, holding 11.68 million shares of the stock with an approximate value of $$243.43 million in ARCC stocks shares; and VAN ECK ASSOCIATES CORP, currently with $$138.68 million in ARCC stock with ownership which is approximately 1.126%.
