Ares Acquisition Corporation II [NYSE: AACT] stock went on an upward path that rose over 0.18% on Thursday, amounting to a one-week price increase of more than 0.59%.
Over the last 12 months, AACT stock rose by 5.78%.
The market cap for the stock reached $697.50 million, with 50.00 million shares outstanding and 50.00 million shares in the current float. Compared to the average trading volume of 307.33K shares, AACT stock reached a trading volume of 3557505 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Ares Acquisition Corporation II [AACT]:
The Average True Range (ATR) for Ares Acquisition Corporation II is set at 0.03 The Price to Book ratio for the last quarter was 1.33, with the Price to Cash per share for the same quarter was set at 0.02.
AACT Stock Performance Analysis:
Ares Acquisition Corporation II [AACT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.59. With this latest performance, AACT shares gained by 1.18% in over the last four-week period, additionally plugging by 3.62% over the last 6 months – not to mention a rise of 5.78% 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 AACT stock in for the last two-week period is set at 76.97, with the RSI for the last a single of trading hit 78.49, and the three-weeks RSI is set at 75.28 for Ares Acquisition Corporation II [AACT]. The present Moving Average for the last 50 days of trading for this stock 11.03, while it was recorded at 11.13 for the last single week of trading, and 10.85 for the last 200 days.
Insight into Ares Acquisition Corporation II Fundamentals:
Ares Acquisition Corporation II’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.51 and a Current Ratio set at 2.51.
Ares Acquisition Corporation II [AACT] Institutonal Ownership Details
There are presently around $99.33%, or 99.33%% of AACT stock, in the hands of institutional investors.
