Ares Commercial Real Estate Corporation (NYSE:ACRE) currently has a daily average trading volume of 783.45K but it saw 1153325 shares traded on Thursday. With a market cap of 522.10M USD, stock’s current market price of $9.15 came rising about 0.33 while comparing to the previous closing price of $9.12. In past 52 weeks, the stock remained buoying in the range of price level as high as $16.39 and as low as $8.85. In the recent trading on the day, stock has struck highest price mark of $9.30 while lowest mark touched by it was $8.735.
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Taking a look at 20-day trading activity of Ares Commercial Real Estate Corporation (ACRE) gives us an average price of $10.85, while its current price level is -44.18% below from 52-week high level whereas it is 3.39% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $11.37 while that of 200 days or SMA-200 reads an average of $12.10. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.00% during that period while stretching the period over a month that decreases to 3.73%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 22.07 which implies that the stock is in oversold territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Keefe Bruyette which downgraded the stock as “Mkt Perform” in its note to investors issued on March 08, 2023, recommending a price target of $12.50 for it. BTIG Research issued its recommendations for the stock as it initiated the price target for the stock is $13.50.
Over the week, ACRE’s stock price is moving -10.64% down while it is -23.04% when we observe its performance for the past one month. Year-to-date it is -11.08% down and over the past year, the stock is showing a downside performance of -37.68%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of $0.01 beaten by the consensus estimate of $0.32 for the same. For ACRE, analysts are forecasting an EPS-growth rate of -38.70% for current year and estimate for EPS growth in next year is 48.40%. In next quarter, company is expected to be making quarterly sales of $27.55 million as analysts are expecting the sales for current fiscal year at $101.82 million and seeing the company making $111.66 million in sales next year. Moreover, analysts are in estimates of $27.36 million for current-quarter revenue.
Currently, Ares Commercial Real Estate Corporation’s total number of outstanding shares is 54.46M with 5.89% of that held by the insiders while 47.78% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 1.20% and return on equity (ROE) at 4.00%. It has a price to earnings ratio (P/E ratio) of 15.22 while having a 6.45 of forward P/E ratio. Stock’s beta reads 1.47. Stock has a price to book (P/B) ratio of 0.67 while price to sale or P/S ratio amounts to 3.02. Its return on asset (ROA) is 1.10% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Total Stock Market Index came shrinking its share ownership by 0.09% in the Ares Commercial Real Estate Corporation (ACRE) increasing its stake to 2.79% with control over 1300.0 shares in the company. In the most recent quarter, iShares Russell 2000 ETF came cutting its stake by -0.31% in the company and now holds 1.12 million or 2.06% of the company’s stake having worth of about 12.7 million.
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