Ares Acquisition Corporation II [NYSE: AACT] surged by $0.04 during the normal trading session on while it closed the day at $11.20.
Ares Acquisition Corporation II stock has also gained 0.36% of its value over the past 7 days. However, AACT stock has inclined by 1.82% in the 3 months of the year. Over the past six months meanwhile, it has gained 3.70% and gained 2.00% year-on date.
The market cap for AACT stock reached $700.00 million, with 50.00 million shares outstanding and 50.00 million shares in the current float. Compared to the average trading volume of 614.75K shares, AACT reached a trading volume of 7372652 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 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 1.32, with the Price to Cash per share for the same quarter was set at 0.02.
AACT stock trade performance evaluation
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 0.36. With this latest performance, AACT shares gained by 0.27% in over the last four-week period, additionally plugging by 3.70% over the last 6 months – not to mention a rise of 5.56% 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 63.32, with the RSI for the last a single of trading hit 64.77, and the three-weeks RSI is set at 63.38 for Ares Acquisition Corporation II [AACT]. The present Moving Average for the last 50 days of trading for this stock 11.12, while it was recorded at 11.17 for the last single week of trading, and 10.91 for the last 200 days.
Ares Acquisition Corporation II [AACT]: An insightful look at the core fundamentals
Ares Acquisition Corporation II’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.49 and a Current Ratio set at 1.49.
Ares Acquisition Corporation II [AACT]: Institutional Ownership
There are presently around $99.11%, or 99.11%% of AACT stock, in the hands of institutional investors. The top three institutional holders of AACT stocks are: SCHECHTER INVESTMENT ADVISORS, LLC with ownership of 3.66 million shares, which is approximately 5.859%. COWEN AND COMPANY, LLC, holding 3.31 million shares of the stock with an approximate value of $$35.3 million in AACT stocks shares; and COWEN AND COMPANY, LLC, currently with $$32.36 million in AACT stock with ownership which is approximately 4.8531%.
