Ares Acquisition Corporation II (NYSE: AACT) is 2.73% higher on its value in year-to-date trading and has touched a low of $10.60 and a high of $11.29 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 AACT stock was last observed hovering at around $11.28 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $11.28, the stock is 0.22% and 0.74% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.74 million and changing 0.00% at the moment leaves the stock 2.85% off its SMA200. AACT registered 6.21% gain for a year compared to 6-month gain of 3.86%.
The stock witnessed a 1.08% loss in the last 1 month and extending the period to 3 months gives it a 2.08%, and is 0.18% up 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 0.16% over the week and 0.23% over the month.
Ares Acquisition Corporation II (AACT) has around 4 employees, a market worth around $697.78M and $0.00M in sales. Current P/E ratio is 27.13. Distance from 52-week low is 6.42% and -0.09% from its 52-week high. The company has generated returns on investments over the last 12 months (4.87%).
The shares outstanding are 50.00M, and float is at 46.39M with Short Float at 0.16%.
The top institutional shareholder in the company is SCHECHTER INVESTMENT ADVISORS, LLC with over 3.66 million shares valued at $39.07 million. The investor’s holdings represent 5.859 of the AACT Shares outstanding. As of 2024-06-30, the second largest holder is COWEN AND COMPANY, LLC with 3.31 million shares valued at $35.3 million to account for 5.2932 of the shares outstanding. The other top investors are KARPUS MANAGEMENT, INC. which holds 3.03 million shares representing 4.8531 and valued at over $32.36 million, while LINDEN ADVISORS LP holds 3.52 of the shares totaling 2.2 million with a market value of $23.47 million.
