Additionally, the 36-month beta value for ACRE is 1.46. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 1 rating it as “sell.”
The public float for ACRE is 51.07M and currently, short sellers hold a 3.47% ratio of that float. The average trading volume of ACRE on April 19, 2024 was 771.86K shares.
ACRE) stock’s latest price update
Ares Commercial Real Estate Corp (NYSE: ACRE)’s stock price has plunge by -0.31relation to previous closing price of 6.43. Nevertheless, the company has seen a -9.34% plunge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-14 that ACRE received a “Sell” rating on our last coverage as we anticipated a distribution cut. That cut came to fruition quickly and the stock is now 15% lower. We examine the current setup and show you why we think another distribution cut is probable.
ACRE’s Market Performance
Ares Commercial Real Estate Corp (ACRE) has seen a -9.34% fall in stock performance for the week, with a -15.10% decline in the past month and a -35.32% plunge in the past quarter. The volatility ratio for the week is 3.42%, and the volatility levels for the past 30 days are at 2.70% for ACRE. The simple moving average for the past 20 days is -11.18% for ACRE’s stock, with a -32.18% simple moving average for the past 200 days.
Analysts’ Opinion of ACRE
Many brokerage firms have already submitted their reports for ACRE stocks, with BofA Securities repeating the rating for ACRE by listing it as a “Underperform.” The predicted price for ACRE in the upcoming period, according to BofA Securities is $7 based on the research report published on March 04, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see ACRE reach a price target of $10.50. The rating they have provided for ACRE stocks is “Neutral” according to the report published on December 06th, 2023.
ACRE Trading at -15.89% from the 50-Day Moving Average
After a stumble in the market that brought ACRE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -42.97% of loss for the given period.
Volatility was left at 2.70%, however, over the last 30 days, the volatility rate increased by 3.42%, as shares sank -17.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.10% lower at present.
During the last 5 trading sessions, ACRE fell by -9.34%, which changed the moving average for the period of 200-days by -36.72% in comparison to the 20-day moving average, which settled at $7.15. In addition, Ares Commercial Real Estate Corp saw -38.13% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ACRE starting from Donohoe Bryan Patrick, who sale 18,868 shares at the price of $10.32 back on Jan 30 ’24. After this action, Donohoe Bryan Patrick now owns 197,414 shares of Ares Commercial Real Estate Corp, valued at $194,669 using the latest closing price.
FEINGOLD ANTON, the Gen. Counsel VP and Secretary of Ares Commercial Real Estate Corp, sale 5,890 shares at $10.37 during a trade that took place back on Jan 29 ’24, which means that FEINGOLD ANTON is holding 68,975 shares at $61,105 based on the most recent closing price.
Stock Fundamentals for ACRE
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.58 for the gross margin
The net margin for Ares Commercial Real Estate Corp stands at -0.33. The total capital return value is set at 0.01. Equity return is now at value -5.66, with -1.62 for asset returns.
Based on Ares Commercial Real Estate Corp (ACRE), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.03. The debt to equity ratio resting at 2.58. The interest coverage ratio of the stock is 0.57.
Currently, EBITDA for the company is 163.87 million with net debt to EBITDA at 24.31. When we switch over and look at the enterprise to sales, we see a ratio of 15.82. The receivables turnover for the company is 31.78for trailing twelve months and the total asset turnover is 0.05.
Conclusion
In conclusion, Ares Commercial Real Estate Corp (ACRE) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
