Ares Commercial Real Estate Corp (NYSE: ACRE) on Friday, soared 12.69% from the previous trading day, before settling in for the closing price of $4.49. Within the past 52 weeks, ACRE’s price has moved between $3.35 and $7.49.
The company achieved an average annual earnings per share of 50.72%. With a float of $51.71 million, this company’s outstanding shares have now reached $55.02 million.
Ares Commercial Real Estate Corp (ACRE) Breakdown of a Key Holders of the stock
Observing investor behavior towards REIT – Mortgage industry stocks is more important than anything else. The insider ownership of Ares Commercial Real Estate Corp is 5.99%, while institutional ownership is 45.88%. The most recent insider transaction that took place on Jan 31 ’25, was worth 43,263. In this transaction Gen. Counsel VP and Secretary of this company sold 7,615 shares at a rate of $5.68, taking the stock ownership to the 78,360 shares. Before that another transaction happened on Jan 31 ’25, when Company’s CFO and Treasurer sold 4,020 for $5.68, making the entire transaction worth $22,839. This insider now owns 50,751 shares in total.
Ares Commercial Real Estate Corp (ACRE) Recent Fiscal highlights
As on 12/31/2024, Multinational firm has announced its last quarter scores, in which it reported -0.15 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.04) by -0.19. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.03 per share during the current 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. A quick ratio of 2.29 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.47. Likewise, its price to free cash flow for the trailing twelve months is 11.69.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.15, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach 0.07 in one year’s time.
Technical Analysis of Ares Commercial Real Estate Corp (ACRE)
Looking closely at Ares Commercial Real Estate Corp (NYSE: ACRE), its last 5-days average volume was 0.54 million, which is a jump from its year-to-date volume of 0.52 million. As of the previous 9 days, the stock’s Stochastic %D was 68.17%.
During the past 100 days, Ares Commercial Real Estate Corp’s (ACRE) raw stochastic average was set at 93.09%, which indicates a significant decrease from 96.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.15 in the past 14 days, which was higher than the 0.14 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.67, while its 200-day Moving Average is $4.68. However, in the short run, Ares Commercial Real Estate Corp’s stock first resistance to watch stands at $5.21. Second resistance stands at $5.36. The third major resistance level sits at $5.63. If the price goes on to break the first support level at $4.79, it is likely to go to the next support level at $4.52. Now, if the price goes above the second support level, the third support stands at $4.37.
Ares Commercial Real Estate Corp (NYSE: ACRE) Key Stats
Market capitalization of the company is 278.33 million based on 55,005K outstanding shares. Right now, sales total 69,650 K and income totals -34,990 K. The company made 12,570 K in profit during its latest quarter, and -11,040 K in sales during its previous quarter.
