Ares Acquisition Corporation II (NYSE: AACT) Recovers 5.39% From 52-Week Low, Is AACT Still A High-Risk, High-Reward Play?

Ares Acquisition Corporation II (NYSE:AACT) currently has a daily average trading volume of 499.19K but it saw 1901707 shares traded in last market. With a market cap of 696.87M USD, the company’s current market price of $11.15 came falling about -0.09 while comparing to the previous closing price of $11.16. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.20 and as low as $10.58. In the recent trading on the day, stock has struck highest price mark of $11.15 while lowest mark touched by it was $11.17.

Taking a look at 20-day trading activity of Ares Acquisition Corporation II (AACT) gives us an average price of $11.16, while its current price level is -0.45% below from 52-week high level whereas it is 5.39% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $11.10 while that of 200 days or SMA-200 reads an average of $10.90. A closer look into the stock’s movement over the week reveals that its volatility is standing at 0.23% during that period while stretching the period over a month that increases to 0.27%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 52.76 which implies that the stock is in neutral territory.

Over the week, AACT’s stock price is moving 0.09% up while it is 0.09% when we observe its performance for the past one month. Year-to-date it is 1.55% up and over the past year, the stock is showing an upside performance of 5.34%.

The company is expected to be releasing its next quarterly report in May, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Ares Acquisition Corporation II’s total number of outstanding shares is 50.00M with 0.00% of that held by the insiders while 99.11% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 4.87% and return on equity (ROE) at 5.04%. It has a price to earnings ratio (P/E ratio) of 26.82. Stock’s beta reads -0.01. Stock has a price to book (P/B) ratio of 1.32. Its return on asset (ROA) is 4.82% on average.