A share price of Ardmore Shipping Corp [ASC] is currently trading at $20.81, up 0.19%. An important factor to consider is whether the stock is rising or falling in short-term value. The ASC shares have gain 2.87% over the last week, with a monthly amount drifted -7.88%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ardmore Shipping Corp [NYSE: ASC] stock has seen the most recent analyst activity on July 21, 2022, when Jefferies initiated its Buy rating and assigned the stock a price target of $10. On April 29, 2021, upgrade upgraded it’s rating to Buy but maintained its price target of $5.50 on the stock. H.C. Wainwright started tracking the stock assigning a Neutral rating and suggested a price target of $5.50 on March 29, 2021. Pareto downgraded its rating to a Hold. Stifel upgraded its rating to Buy for this stock on January 23, 2020, but kept the price target unchanged to $9.50. In a note dated October 17, 2019, Stifel downgraded an Hold rating on this stock and boosted its target price from $9 to $9.50.
Ardmore Shipping Corp experienced fluctuations in its stock price throughout the past year between $11.78 and $23.44. Currently, Wall Street analysts expect the stock to reach $17.5 within the next 12 months. Ardmore Shipping Corp [NYSE: ASC] shares were valued at $20.81 at the most recent close of the market. An investor can expect a potential drop of -15.91% based on the average ASC price forecast.
Analyzing the ASC fundamentals
Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.2 and Total Capital is 0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.12.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 20.50 points at the first support level, and at 20.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.02, and for the 2nd resistance point, it is at 21.24.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ardmore Shipping Corp [NYSE:ASC] is 1.95. On the other hand, the Quick Ratio is 1.79, and the Cash Ratio is 0.66. Considering the valuation of this stock, the price to sales ratio is 2.26, the price to book ratio is 1.52 and price to earnings (TTM) ratio is 8.02.
