Ares Capital Corp [NASDAQ: ARCC] closed the trading session at $23.81.
The stocks have a year to date performance of 8.77 percent and weekly performance of 1.15 percent. The stock has been moved at 17.35 percent over the last six months. The stock has performed 7.20 percent around the most recent 30 days and changed 12.63 percent over the most recent 3-months.
If compared to the average trading volume of 4.47M shares, ARCC reached to a volume of 5557734 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $22.64 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 1.64. 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.
Wells Fargo have made an estimate for Ares Capital Corp shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 12, 2024. The new note on the price target was released on December 02, 2024, representing the official price target for Ares Capital Corp stock. Previously, the target price had yet another raise to $21, while B. Riley Securities analysts kept a Neutral rating on ARCC stock.
The Average True Range (ATR) for Ares Capital Corp is set at 0.30, with the Price to Sales ratio for ARCC stock in the period of the last 12 months amounting to 5.24. The Price to Book ratio for the last quarter was 1.20.
ARCC stock trade performance evaluation
Ares Capital Corp [ARCC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.15. With this latest performance, ARCC shares gained by 7.20% in over the last four-week period, additionally plugging by 17.35% over the last 6 months – not to mention a rise of 18.58% 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 72.56, with the RSI for the last a single of trading hit 74.41, and the three-weeks RSI is set at 70.34 for Ares Capital Corp [ARCC]. The present Moving Average for the last 50 days of trading for this stock 22.33, while it was recorded at 23.58 for the last single week of trading, and 21.32 for the last 200 days.
Ares Capital Corp [ARCC]: Institutional Ownership
There are presently around $30.39%, or 30.55%% 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%.
