Ares Commercial Real Estate Corporation (NYSE:ACRE) finished Wednesday with a subtraction of -$0.82 to close at $10.18, a downside of -7.45 percent. An average of 775,900 shares of common stock have been traded in the last five days. There was a fall of -$0.54 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 745,370 shares traded, while the 50-day average volume stands at 623,676.
ACRE stock has decreased by -18.04% in the last month. The company shares reached their 1-month lowest point of $10.18 on 12/28/22. With the stock rallying to its 52-week high on 04/18/22, shares of the company touched a low of $9.99 and a high of $16.42 in 52 weeks. It has reached a new high 19 times so far this year and lost -29.66% or -$4.36 in price. In spite of this, the price is down -38.02% from the 52-week high.
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ACRE stock investors should be aware that Ares Commercial Real Estate Corporation (ACRE) stock had its last reported insider trading activity 265 days ago on Apr 08. In this transaction, the insider spent $14,563. Gen. Counsel VP and Secretary, FEINGOLD ANTON, disposed of 1,415 shares at a price of $15.01 on Jan 18. The insider now owns more than $21,239 worth of shares. Prior to that, Chief Executive Officer Donohoe Bryan Patrick went on to Sale 8,813 shares at $14.96 each on Jan 18. An amount of $131,842 was transacted.
Ares Commercial Real Estate Corporation (ACRE) has a trailing price-to-earnings (P/E) ratio of 11.17. The stock’s beta is 1.36. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.32, the price-to-book (PB) ratio at 0.72.
The company has a payout ratio of 143.80%. The company’s most recent quarterly dividend payment was $0.35 a share, representing a up of 6.06% from $0.33 last year. Its latest increase dividend $0.02 reported on Wednesday November 2 2022.
Further, the company has a long term debt to equity ratio of 2.51 and a total debt to equity ratio of 2.51 for the quarter ending September 29. Its gross profit as reported stood at $61.19 million compared to revenue of $102.07 million.
For the three-month period that ended September 29, Ares Commercial Real Estate Corporation had $2.51 billion in cash and short-term investments compared to $847.7 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $0.64 million in the quarter, while revenues were shrunk -1454.69%. The analyst consensus anticipated Ares Commercial Real Estate Corporation’s latest quarter earnings to come in at $0.32 per share, but it turned out to be $0.01, a -96.90% surprise. For the quarter, EBITDA amounted to $18.5 million. At the end of the quarter ending September 29, Ares Commercial Real Estate Corporation’s stock balance sheet showed total debt was $1.92 billion. Shareholders own equity worth $54.44 million.
From a technical analysis perspective, let’s take a brief look at Ares Commercial Real Estate Corporation (ACRE) price momentum. RSI 9-day as of the close on 28 December was 27.85%, suggesting the stock is oversold, with historical volatility in this time frame at 43.11%.
As of today, ACRE’s price is $10.78 -5.04% or -$0.54 from its 5-day moving average. ACRE is currently trading -17.24% lower than its 20-day SMA and -23.80% lower than its 100-day SMA. However, the stock’s current price level is -9.43% below the SMA50 and -31.31% below the SMA200.
The stochastic %K and %D were 22.39% and 20.93%, respectively, and the average true range (ATR) was 0.39. With the 14-day stochastic at 0.00% and the average true range at 0.39, the RSI (14) stands at 32.68%. The stock has reached -0.18 on the 9-day MACD Oscillator while the 14-day reading was at -0.41.
The consensus rating for Ares Commercial Real Estate Corporation (ACRE) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ACRE, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 5 others rate it as a “buy”.