Ares Management Corp (NYSE: ARES) is 8.73% higher on its value in year-to-date trading and has touched a low of $77.97 and a high of $139.48 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ARES stock was last observed hovering at around $131.35 in the last trading session, with the day’s loss setting it -2.05%.
Currently trading at $129.30, the stock is -2.87% and -2.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing -1.56% at the moment leaves the stock 14.32% off its SMA200. ARES registered 52.78% gain for a year compared to 6-month gain of 18.16%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -2.62% loss in the last 1 month and extending the period to 3 months gives it a 9.49%, and is -4.34% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.92% over the week and 2.38% over the month.
Ares Management Corp (ARES) has around 2850 employees, a market worth around $25.00B and $3.97B in sales. Current P/E ratio is 53.16 and Fwd P/E is 21.10. Profit margin for the company is 11.54%. Distance from 52-week low is 65.83% and -7.30% from its 52-week high. The company has generated returns on investments over the last 12 months (2.66%).
The EPS is expected to grow by 25.96% this year.
Ares Management Corp (ARES) Top Institutional Holders
The shares outstanding are 187.07M, and float is at 163.25M with Short Float at 1.70%.
Ares Management Corp (ARES) Insider Activity
The most recent transaction is an insider sale by RESSLER ANTONY P,the company’sCo-Founder & Exec. Chairman. SEC filings show that RESSLER ANTONY P sold 114,492 shares of the company’s common stock on Apr 12 ’24 at a price of $131.97 per share for a total of $15.11 million. Following the sale, the insider now owns 0.0 shares.
Ares Management Corp disclosed in a document filed with the SEC on Apr 11 ’24 that RESSLER ANTONY P (Co-Founder & Exec. Chairman) sold a total of 175,000 shares of the company’s common stock. The trade occurred on Apr 11 ’24 and was made at $134.11 per share for $23.47 million. Following the transaction, the insider now directly holds 0.0 shares of the ARES stock.
Still, SEC filings show that on Apr 10 ’24, RESSLER ANTONY P (Co-Founder & Exec. Chairman) disposed off 139,915 shares at an average price of $134.36 for $18.8 million. The insider now directly holds 0 shares of Ares Management Corp (ARES).
