The 36-month beta value for ACRE is at 1.50. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for ACRE is 50.80M, and currently, shorts hold a 3.74% of that float. The average trading volume for ACRE on November 08, 2024 was 438.49K shares.
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ACRE) stock’s latest price update
Ares Commercial Real Estate Corp (NYSE: ACRE)’s stock price has gone rise by 10.17 in comparison to its previous close of 6.49, however, the company has experienced a 12.60% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-11-07 that Ares Commercial Real Estate Corporation (ACRE) Q3 2024 Earnings Call Transcript
ACRE’s Market Performance
ACRE’s stock has risen by 12.60% in the past week, with a monthly rise of 8.99% and a quarterly rise of 5.30%. The volatility ratio for the week is 4.78% while the volatility levels for the last 30 days are 2.85% for Ares Commercial Real Estate Corp The simple moving average for the past 20 days is 9.28% for ACRE’s stock, with a -1.27% simple moving average for the past 200 days.
Analysts’ Opinion of ACRE
Many brokerage firms have already submitted their reports for ACRE stocks, with Wells Fargo repeating the rating for ACRE by listing it as a “Underweight.” The predicted price for ACRE in the upcoming period, according to Wells Fargo is $7 based on the research report published on September 20, 2024 of the current year 2024.
BofA Securities gave a rating of “Underperform” to ACRE, setting the target price at $7 in the report published on March 04th of the current year.
ACRE Trading at 4.00% 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 -36.39% of loss for the given period.
Volatility was left at 2.85%, however, over the last 30 days, the volatility rate increased by 4.78%, as shares surge +10.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.85% upper at present.
During the last 5 trading sessions, ACRE rose by +12.60%, which changed the moving average for the period of 200-days by -29.14% in comparison to the 20-day moving average, which settled at $6.54. In addition, Ares Commercial Real Estate Corp saw -30.98% 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:
- 0.68 for the present operating margin
- 0.82 for the gross margin
The net margin for Ares Commercial Real Estate Corp stands at -0.48. The total capital return value is set at 0.03. Equity return is now at value -7.65, with -2.18 for asset returns.
Based on Ares Commercial Real Estate Corp (ACRE), the company’s capital structure generated 0.71 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 2.5. The interest coverage ratio of the stock is 1.22.
Currently, EBITDA for the company is 163.87 million with net debt to EBITDA at 19.25. When we switch over and look at the enterprise to sales, we see a ratio of 17.57. The receivables turnover for the company is 40.69for trailing twelve months and the total asset turnover is 0.05.
Conclusion
In conclusion, Ares Commercial Real Estate Corp (ACRE) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
