While Ares Capital Corp has underperformed by -0.85%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ARCC rose by 9.96%, with highs and lows ranging from $22.43 to $19.32, whereas the simple moving average jumped by 5.40% in the last 200 days.
On December 02, 2024, Wells Fargo Upgraded Ares Capital Corp (NASDAQ: ARCC) to Overweight. A report published by B. Riley Securities on January 08, 2024, Downgraded its rating to ‘Neutral’ for ARCC. B. Riley Securities also rated ARCC shares as ‘Buy’, setting a target price of $20.50 on the company’s shares in an initiating report dated June 16, 2023. Wells Fargo April 18, 2023d the rating to Equal Weight on April 18, 2023, and set its price target from $20 to $18. Hovde Group April 28, 2022d its ‘Market Perform’ rating to ‘Outperform’ for ARCC, as published in its report on April 28, 2022. JP Morgan’s report from April 27, 2022 suggests a price prediction of $22 for ARCC shares, giving the stock a ‘Overweight’ rating. Hovde Group also rated the stock as ‘Market Perform’.
Analysis of Ares Capital Corp (ARCC)
With ARCC’s current dividend of $1.92 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter increase in sales is 18.30%, showing a positive trend in the upcoming months.
The average volume for any stock is also a very valuable indicator of volatility, and ARCC has an average volume of 3.46M. On a monthly basis, the volatility of the stock is set at 0.94%, whereas on a weekly basis, it is put at 0.91%, with a loss of -0.45% over the past seven days. Furthermore, long-term investors anticipate a median target price of $22.61, showing growth from the present price of $22.08, which can serve as yet another indication of whether ARCC is worth investing in or should be passed over.
How Do You Analyze Ares Capital Corp Shares?
Asset Management giant Ares Capital Corp (ARCC) is based in the USA and is one of the largest companies in the market. When comparing Ares Capital Corp shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 8.49, there is a growth in quarterly earnings of -21.20%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.53%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 29.54% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ARCC shares are owned by institutional investors to the tune of 29.54% at present.
