Ares Management, LP stock trades under the ticker ARES & has recently shown bullishness that traders & investors should take a closer look at.
After a 7.5% gain, ARES stock closed at $79.72/share 0n 1/31/2022.
Ares Management, LP ARES Stock’s Technicals Broken Down
ARES Stock Price: $79.72
10 Day Moving Average: $74.08
50 Day Moving Average: $78.50
200 Day Moving Average: $70.51
RSI: 59.6
MACD: -1.113
Yesterday, ARES stock completed a bullish MACD crossover, while also breaking out above its 10 & 50 Day Moving Averages.
In 2022, ARES stock has traded just above their average daily volume for the previous year.
Their next resistance tests will be $79.87, followed by $84.10, with support at the $72.83, $72.68 & $69.21 price levels, should the markets continue sliding into 2022.
Ares Management, LP ARES Stock As A Long-Term Investment
ARES stock may be appealing to long-term focused investors.
Their P/E (ttm) is fair at 36.27, however their P/B (mrq) is a bit rich at 7.01, which may be justified due to the nature of their business.
ARES had 93.7% Quarterly Revenue Growth Y-o-Y, along with Quarterly Earnings Growth Y-o-Y of 78.2%.
Their Balance Sheet requires a closer examination, with Total Cash (mrq) of $1.88B & Total Debt (mrq) of $11.73B.
ARES stock offers a 2.44% Dividend Yield, however it is unsure how sustainable this yield will be, with their payout ratio being well above 50%.
71.5% of ARES stock’s share float is held by institutional investors.
Ares Management, LP ARES Stock As A Short-Term Trade Using Options
Traders can use options to take advantage of price movements in either direction for ARES stock.
I am looking at the contracts with the 2/18 expiration date.
The $75 & $80 calls look appealing, minus the lack of liquidity, as both have open interest well below 1,000.
There is very limited open interest in ARES puts with the 2/18 expiration date, with only the $75 & $85 having any open interest.
Tying It All Together
Overall, ARES stock looks to have many interesting characteristics that traders & investors may find appealing.
Investors will like their valuation metrics, and their dividend yield should it not have to be cut in the future.
Traders will like their current momentum, but will remain weary of the overall liquidity of their options, as there is very limited open interest.
All-in-all, ARES stock is worth taking a closer look at, regardless of your trading style.
*** I DO NOT OWN SHARES OF ARES STOCK ***