Ares Commercial Real Estate Corp (NYSE: ACRE) started the day on Thursday, with a price decrease of -0.31% at $6.41, before settling in for the price of $6.43 at the close. Taking a more long-term approach, ACRE posted a 52-week range of $6.42-$11.24.
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In the past 5-years timespan, the Real Estate sector firm’s annual sales growth was 10.57%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -25.66%. This publicly-traded company’s shares outstanding now amounts to $54.15 million, simultaneously with a float of $51.07 million. The organization now has a market capitalization sitting at $348.83 million. At the time of writing, stock’s 50-day Moving Average stood at $7.57, while the 200-day Moving Average is $9.43.
Ares Commercial Real Estate Corp (ACRE) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the REIT – Mortgage Industry. Ares Commercial Real Estate Corp’s current insider ownership accounts for 6.15%, in contrast to 43.11% institutional ownership. According to the most recent insider trade that took place on Jan 30 ’24, this organization’s Chief Executive Officer sold 18,868 shares at the rate of 10.32, making the entire transaction reach 194,669 in total value, affecting insider ownership by 197,414. Preceding that transaction, on Jan 29 ’24, Company’s Gen. Counsel VP and Secretary sold 5,890 for 10.37, making the whole transaction’s value amount to 61,105. This particular insider is now the holder of 68,975 in total.
Ares Commercial Real Estate Corp (ACRE) Earnings and Revenue Records
Ares Commercial Real Estate Corp’s EPS decrease for this current 12-month fiscal period is -25.66% and is forecasted to reach 0.91 in the upcoming year.
Ares Commercial Real Estate Corp (NYSE: ACRE) Trading Performance Indicators
Let’s observe the current performance indicators for Ares Commercial Real Estate Corp (ACRE). The Stock has managed to achieve an average true range (ATR) of 0.22. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.82. Similarly, its price to free cash flow for trailing twelve months is now 7.46.
In the same vein, ACRE’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.72, a figure that is expected to reach 0.22 in the next quarter, and analysts are predicting that it will be 0.91 at the market close of one year from today.
Technical Analysis of Ares Commercial Real Estate Corp (ACRE)
If we take a close look at the recent performances of Ares Commercial Real Estate Corp (NYSE: ACRE), its last 5-days Average volume was 0.8 million that shows progress from its year to date volume of 0.73 million. During the previous 9 days, stock’s Stochastic %D was recorded 2.63% While, its Average True Range was 0.21.
Raw Stochastic average of Ares Commercial Real Estate Corp (ACRE) in the period of the previous 100 days is set at 1.02%, which indicates a major fall in contrast to 4.63% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 28.15% that was lower than 36.73% volatility it exhibited in the past 100-days period.
