A new trading day began on Friday, with Ares Commercial Real Estate Corp (NYSE: ACRE) stock price up 4.41% from the previous day of trading, before settling in for the closing price of $6.12. ACRE’s price has ranged from $6.11 to $11.24 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Real Estate Sector giant saw their annual sales surged by 10.57% over the last five years. Meanwhile, its annual earnings per share averaged -158.96%. With a float of $50.67 million, this company’s outstanding shares have now reached $54.53 million.
The firm has a total of 2800 workers. Let’s measure their productivity. 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) Breakdown of a Key Holders of the stock
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 7.09%, 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) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.09 per share during the current fiscal year.
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
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 3.15. Likewise, its price to free cash flow for the trailing twelve months is 9.44.
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)
Analysing the last 5-days average volume posted by the [Ares Commercial Real Estate Corp, ACRE], we can find that recorded value of 1.72 million was better than the volume posted last year of 0.58 million. As of the previous 9 days, the stock’s Stochastic %D was 10.47%. Additionally, its Average True Range was 0.23.
During the past 100 days, Ares Commercial Real Estate Corp’s (ACRE) raw stochastic average was set at 20.44%, which indicates a significant decrease from 29.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.37% in the past 14 days, which was higher than the 34.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.82, while its 200-day Moving Average is $7.02. Now, the first resistance to watch is $6.55. This is followed by the second major resistance level at $6.71. The third major resistance level sits at $6.98. If the price goes on to break the first support level at $6.13, it is likely to go to the next support level at $5.86. Now, if the price goes above the second support level, the third support stands at $5.70.
Ares Commercial Real Estate Corp (NYSE: ACRE) Key Stats
With a market capitalization of 363.90 million, the company has a total of 54,542K Shares Outstanding. Currently, annual sales are 92,930 K while annual income is -38,870 K. The company’s previous quarter sales were 16,650 K while its latest quarter income was -5,880 K.
