Ares Capital Corp [ARCC] stock prices are up 0.32% to $22.17 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ARCC shares have gain 0.73% over the last week, with a monthly amount glided 5.52%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ares Capital Corp [NASDAQ: ARCC] stock has seen the most recent analyst activity on December 02, 2024, when Wells Fargo upgraded its rating to a Overweight but kept the price target unchanged to $23 for it. Previously, B. Riley Securities downgraded its rating to Neutral on January 08, 2024, and kept the price target unchanged to $21. On June 16, 2023, B. Riley Securities initiated with a Buy rating and assigned a price target of $20.50 on the stock. Wells Fargo downgraded its rating to a Equal Weight and decreased its price target to $18 on April 18, 2023. Hovde Group upgraded its rating to a Outperform. JP Morgan upgraded its rating to Overweight for this stock on April 27, 2022, but kept the price target unchanged to $22. In a note dated March 07, 2022, Hovde Group initiated an Market Perform rating and provided a target price of $22.50 on this stock.
The stock price of Ares Capital Corp [ARCC] has been fluctuating between $19.32 and $22.30 over the past year. Currently, Wall Street analysts expect the stock to reach $22 within the next 12 months. Ares Capital Corp [NASDAQ: ARCC] shares were valued at $22.17 at the most recent close of the market. An investor can expect a potential drop of -0.77% based on the average ARCC price forecast.
Analyzing the ARCC fundamentals
The Ares Capital Corp [NASDAQ:ARCC] reported sales of 2.94B for trailing twelve months, representing a surge of 18.30%. Gross Profit Margin for this corporation currently stands at 0.86% with Operating Profit Margin at 0.83%, Pretax Profit Margin comes in at 0.67%, and Net Profit Margin reading is 0.64%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.13 and Total Capital is 0.08.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.06 points at the first support level, and at 21.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.26, and for the 2nd resistance point, it is at 22.34.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 4.88, the price to book ratio is 1.12 and price to earnings (TTM) ratio is 8.53.
