A new trading day began on Tuesday, with Ares Commercial Real Estate Corp (NYSE: ACRE) stock price up 1.26% from the previous day of trading ,before settling in for the closing price of $7.15. ACRE’s price has ranged from $7.07 to $11.24 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Real Estate sector saw sales topped by 10.57%. Meanwhile, its annual earnings per share averaged -25.66%. With a float of $51.07 million, this company’s outstanding shares have now reached $54.15 million.
The extent of productivity of a business whose workforce counts for 2800 workers is very important to gauge.
Ares Commercial Real Estate Corp (ACRE) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the REIT – Mortgage Industry. The insider ownership of Ares Commercial Real Estate Corp is 6.15%, while institutional ownership is 43.46%. The most recent insider transaction that took place on Jan 30 ’24, was worth 194,669. In this transaction Chief Executive Officer of this company sold 18,868 shares at a rate of $10.32, taking the stock ownership to the 197,414 shares. Before that another transaction happened on Jan 29 ’24, when Company’s Gen. Counsel VP and Secretary sold 5,890 for $10.37, making the entire transaction worth $61,105. This insider now owns 68,975 shares in total.
Ares Commercial Real Estate Corp (ACRE) Performance Highlights and Predictions
In its latest quarterly report, released on 12/30/2023, the company reported earnings of -$0.73 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -25.66% per share during the next fiscal year.
Ares Commercial Real Estate Corp (NYSE: ACRE) Trading Performance Indicators
Here are Ares Commercial Real Estate Corp’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.05. Likewise, its price to free cash flow for the trailing twelve months is 8.42.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.72, a number that is poised to hit 0.22 in the next quarter and is forecasted to reach 0.95 in one year’s time.
Technical Analysis of Ares Commercial Real Estate Corp (ACRE)
The latest stats from [Ares Commercial Real Estate Corp, ACRE] show that its last 5-days average volume of 0.45 million was inferior to 0.72 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 20.39%. Additionally, its Average True Range was 0.20.
During the past 100 days, Ares Commercial Real Estate Corp’s (ACRE) raw stochastic average was set at 4.08%, which indicates a significant decrease from 20.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.80% in the past 14 days, which was lower than the 37.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.97, while its 200-day Moving Average is $9.55. Now, the first resistance to watch is $7.30. This is followed by the second major resistance level at $7.36. The third major resistance level sits at $7.44. If the price goes on to break the first support level at $7.15, it is likely to go to the next support level at $7.07. Assuming the price breaks the second support level, the third support level stands at $7.01.
Ares Commercial Real Estate Corp (NYSE: ACRE) Key Stats
With a market capitalization of 394.00 million, the company has a total of 54,423K Shares Outstanding. Currently, annual sales are 92,930 K while annual income is -38,870 K. The company’s previous quarter sales were 17,550 K while its latest quarter income was -39,410 K.
