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ARCC’s 2023 Market Dance: Down -0.40% – Time to Invest?

The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. The index has shown a price loss of -0.40% this year. Over the last six months, there has been a weaker performance of 3.21%. The price of ARCC leaped by -0.99% during the last 30 days period. For the last 5-days stocks have slided -3.76%.

The market performance of Ares Capital Corporation has been somewhat stable. Over the past year, the company’s stock achieved a high of $20.85 on 03/13/24, with the lowest value for the same timeframe being $16.95, recorded on 03/24/23.

52-week price history of ARCC Stock

The history of a stock’s 52-week high and low prices can provide important information about its current state and future potential. Ares Capital Corporation’s current trading price is -4.34% away from its 52-week high, while its distance from the 52-week low is 17.70%. The stock’s price range for this period has been between $16.95 and $20.85. The Financial sector company’s shares saw a trading volume of about 4.04 million for the day, which was higher than the average daily volume of 3.8 million over the last three months.

The Connection Between Financial Performance and Market Capitalization

Ares Capital Corporation (ARCC) has experienced a quarterly rise of 1.89% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 12.11B.

How Moving Averages and Trading Volume Data Work Together

Based on Barchart.com data, the company’s moving average over the 100-day period was 19.99, with a change in price of +0.96. Similarly, Ares Capital Corporation recorded 3,679,426 in trading volume during the last 100 days, posting a change of +5.06%.

ARCC Stock Stochastic Average

As of today, the raw stochastic average of Ares Capital Corporation over the past 50 days is 15.81%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 9.95%. Additionally, the Stochastic %K and %D values for the company were 17.01% and 25.00%, respectively, over the past 20 days.