Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The closing price of Ares Acquisition Corporation II (NYSE: AACT) was $9.49 for the day, up 6.87% from the previous closing price of $8.88. In other words, the price has increased by $6.87 from its previous closing price. On the day, 0.92 million shares were traded. AACT stock price reached its highest trading level at $9.85 during the session, while it also had its lowest trading level at $8.47.
Ratios:
Our analysis of AACT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.23 and its Current Ratio is at 0.23. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AACT now has a Market Capitalization of 587048640 and an Enterprise Value of 594624256. As of this moment, Ares’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.32.
Stock Price History:
The Beta on a monthly basis for AACT is -0.11, which has changed by -0.122109175 over the last 52 weeks, in comparison to a change of 0.15535986 over the same period for the S&P500. Over the past 52 weeks, AACT has reached a high of $11.62, while it has fallen to a 52-week low of $8.64. The 50-Day Moving Average of the stock is -16.06%, while the 200-Day Moving Average is calculated to be -15.21%.
Shares Statistics:
AACT traded an average of 388.74K shares per day over the past three months and 795120 shares per day over the past ten days. A total of 61.86M shares are outstanding, with a floating share count of 49.36M. Insiders hold about 20.21% of the company’s shares, while institutions hold 92.19% stake in the company. Shares short for AACT as of 1756425600 were 26618 with a Short Ratio of 0.07, compared to 1753920000 on 78013. Therefore, it implies a Short% of Shares Outstanding of 26618 and a Short% of Float of 0.05.
