Company’s 36-month beta value is 1.55.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for ACRE is 50.67M, and currently, short sellers hold a 2.94% ratio of that floaft. The average trading volume of ACRE on December 20, 2024 was 492.54K shares.
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ACRE) stock’s latest price update
Ares Commercial Real Estate Corp (NYSE: ACRE)’s stock price has increased by 4.05 compared to its previous closing price of 6.12. However, the company has seen a -11.43% decrease in its stock price over the last five trading sessions. globenewswire.com reported 2024-12-13 that NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) — Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024.
ACRE’s Market Performance
Ares Commercial Real Estate Corp (ACRE) has seen a -11.43% fall in stock performance for the week, with a -10.31% decline in the past month and a -12.89% plunge in the past quarter. The volatility ratio for the week is 4.56%, and the volatility levels for the past 30 days are at 2.67% for ACRE. The simple moving average for the last 20 days is -8.50% for ACRE stock, with a simple moving average of -9.28% for the last 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 -6.59% 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 -43.35% of loss for the given period.
Volatility was left at 2.67%, however, over the last 30 days, the volatility rate increased by 4.56%, as shares sank -10.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.77% lower at present.
During the last 5 trading sessions, ACRE fell by -11.34%, which changed the moving average for the period of 200-days by -14.20% in comparison to the 20-day moving average, which settled at $6.96. In addition, Ares Commercial Real Estate Corp saw -38.53% 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:
- 0.58 for the present operating margin
- 0.73 for the gross margin
The net margin for Ares Commercial Real Estate Corp stands at -0.68. The total capital return value is set at 0.03. Equity return is now at value -10.23, with -2.96 for asset returns.
Based on Ares Commercial Real Estate Corp (ACRE), the company’s capital structure generated 0.7 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 2.38. The interest coverage ratio of the stock is 0.48.
Currently, EBITDA for the company is -11.71 million with net debt to EBITDA at 93.56. When we switch over and look at the enterprise to sales, we see a ratio of 17.27. The receivables turnover for the company is 5.48for trailing twelve months and the total asset turnover is 0.05.
Conclusion
In a nutshell, Ares Commercial Real Estate Corp (ACRE) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
