Ares Commercial Real Estate Corp (NYSE: ACRE) on Monday, plunged -3.99% from the previous trading day, before settling in for the closing price of $7.02. Within the past 52 weeks, ACRE’s price has moved between $6.81 and $11.24.
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Annual sales at Real Estate sector company grew by 10.57% over the past five years. The company achieved an average annual earnings per share of -25.66%. With a float of $51.07 million, this company’s outstanding shares have now reached $54.15 million.
Let’s look at the performance matrix of the company that is accounted for 2800 employees.
Ares Commercial Real Estate Corp (ACRE) Insider Updates
Observing investor behavior towards REIT – Mortgage industry stocks is more important than anything else. The insider ownership of Ares Commercial Real Estate Corp is 6.15%, while institutional ownership is 43.19%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.21 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
Ares Commercial Real Estate Corp (ACRE) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.91. Likewise, its price to free cash flow for the trailing twelve months is 7.84.
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 0.91 in one year’s time.
Technical Analysis of Ares Commercial Real Estate Corp (ACRE)
Ares Commercial Real Estate Corp (NYSE: ACRE) saw its 5-day average volume 0.7 million, a negative change from its year-to-date volume of 0.72 million. As of the previous 9 days, the stock’s Stochastic %D was 30.75%. Additionally, its Average True Range was 0.22.
During the past 100 days, Ares Commercial Real Estate Corp’s (ACRE) raw stochastic average was set at 1.53%, which indicates a significant decrease from 5.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.09% in the past 14 days, which was lower than the 36.57% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.73, while its 200-day Moving Average is $9.49. Nevertheless, the first resistance level for the watch stands at $6.97 in the near term. At $7.20, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.35. If the price goes on to break the first support level at $6.59, it is likely to go to the next support level at $6.44. Assuming the price breaks the second support level, the third support level stands at $6.21.
Ares Commercial Real Estate Corp (NYSE: ACRE) Key Stats
Market capitalization of the company is 366.79 million based on 54,423K outstanding shares. Right now, sales total 92,930 K and income totals -38,870 K. The company made 17,550 K in profit during its latest quarter, and -39,410 K in sales during its previous quarter.
