Ares Commercial Real Estate Corporation (ACRE) moved down -10.33% from 52 weeks low: Is it Too Late to Be Bullish?

Ares Commercial Real Estate Corporation (NYSE:ACRE) shares fell to a low of $12.88 before closing at $13.11. Intraday shares traded counted 0.19 million, which was 36.27% higher than its 30-day average trading volume of 303.24K. ACRE’s previous close was $12.91 while the outstanding shares total 33.34M. The firm has a beta of 1.39, a 12-month trailing P/E ratio of 24.74. The stock’s Relative Strength Index (RSI) is 68.46, with weekly volatility at 3.20% and ATR at 0.38. The ACRE stock’s 52-week price range has touched low of $2.78 and a $17.72 high. The stock traded higher over the last trading session, gaining 1.55% on 02/12/21.

Investors have identified the REIT – Mortgage company Ares Commercial Real Estate Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $431.71 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Having a look at the company’s valuation, the company is expected to record 1.39 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ACRE sounds very interesting.

Is the stock of ACRE attractive?

In related news, Director, Arougheti Michael J bought 24,080 shares of the company’s stock in a transaction that recorded on Mar 16. The purchase was performed at an average price of 9.40, for a total value of 226,338. As the purchase deal closes, the Director, Arougheti Michael J now bought 12,920 shares of the company’s stock, valued at 148,322. Also, Director, Arougheti Michael J bought 20,000 shares of the company’s stock in a deal that was recorded on Mar 12. The shares were cost at an average price of 11.50 per share, with a total market value of 230,000. Following this completion of disposal, the Gen. Counsel VP and Secretary, FEINGOLD ANTON now holds 1,000 shares of the company’s stock, valued at 11,738. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.60%.

4 out of 6 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Ares Commercial Real Estate Corporation. 0 analysts has assigned a Sell rating on the ACRE stock. The 12-month mean consensus price target for the company’s shares has been set at $12.38.


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