Ares Commercial Real Estate Corp (NYSE: ACRE) on Monday, plunged -5.01% from the previous trading day, before settling in for the closing price of $7.19. Within the past 52 weeks, ACRE’s price has moved between $6.25 and $11.24.
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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%. The company achieved an average annual earnings per share of -158.96%. With a float of $50.82 million, this company’s outstanding shares have now reached $54.53 million.
The extent of productivity of a business whose workforce counts for 2800 workers is very important to gauge. In terms of profitability, gross margin is 73.01%, operating margin of 58.11%, and the pretax margin is -68.02%.
Ares Commercial Real Estate Corp (ACRE) Insider and Institutional Ownership
Observing investor behavior towards REIT – Mortgage industry stocks is more important than anything else. The insider ownership of Ares Commercial Real Estate Corp is 6.82%, while institutional ownership is 42.58%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -158.96% 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 3.24. Likewise, its price to free cash flow for the trailing twelve months is 9.69.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.18, a number that is poised to hit 0.06 in the next quarter and is forecasted to reach 0.21 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 0.54 million was inferior to 0.56 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 49.37%. Additionally, its Average True Range was 0.19.
During the past 100 days, Ares Commercial Real Estate Corp’s (ACRE) raw stochastic average was set at 35.35%, which indicates a significant increase from 2.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.02% in the past 14 days, which was lower than the 32.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.84, while its 200-day Moving Average is $7.04. Now, the first resistance to watch is $7.05. This is followed by the second major resistance level at $7.26. The third major resistance level sits at $7.38. If the price goes on to break the first support level at $6.71, it is likely to go to the next support level at $6.59. The third support level lies at $6.38 if the price breaches the second support level.
Ares Commercial Real Estate Corp (NYSE: ACRE) Key Stats
Market capitalization of the company is 373.56 million based on 54,542K outstanding shares. Right now, sales total 92,930 K and income totals -38,870 K. The company made 16,650 K in profit during its latest quarter, and -5,880 K in sales during its previous quarter.
