Estimating Price Trends For Ares Acquisition Corporation II (NYSE: AACT)

Ares Acquisition Corporation II (NYSE:AACT) does about 181.81K shares in volume on a normal day but saw 1885983 shares change hands in the recent trading day. The company now has a market cap of 678.75M USD. Its current market price is $10.88, marking a decrease of -0.18% compared to the previous close of $10.90. The 52 week high reached by this stock is $11.00 whilst the lowest price level in 52 weeks is $10.34.

Ares Acquisition Corporation II (AACT) has a 20-day trading average at $10.87 and the current price is -1.09% off the 52-week high compared with 5.22% distance from its 52-week low. The 50-day simple moving average of the closing price is $10.84 and its 200-day simple moving average is $10.69. If we look at the stock’s price movements over the week, volatility stands at 0.11%, which increases to 0.19% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 57.63 to suggest the stock is neutral.

The current price level is 0.05%, 0.38%, and 1.80% away from its SMA20, SMA50, and SMA200 respectively, with the AACT price moving above the 50-day SMA on current market day. Ares Acquisition Corporation II (AACT) stock is up 0.18% over the week and 0.28% over the past month. Its price is 4.21% year-to-date and 5.32% over the past year.

The company has a return on investment of 5.10% and return on equity of 5.28%. The price to earnings ratio (P/E ratio) amounts to 25.28. The beta has a value of 0.00. Price to book ratio is 1.30.