A share price of Ardmore Shipping Corp [ASC] is currently trading at $11.39, up 1.52%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ASC shares have lost -0.70% over the last week, with a monthly amount drifted -4.61%, 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 October 23, 2024, when Stifel downgraded its rating to a Hold and also revised its price target to $17 from $24. Previously, Jefferies started tracking the stock with Buy rating on July 21, 2022, and set its price target to $10. H.C. Wainwright upgraded its rating to a Buy but stick to its price target of $5.50 on April 29, 2021. H.C. Wainwright initiated its recommendation with a Neutral and recommended $5.50 as its price target on March 29, 2021. Pareto downgraded its rating to Hold for this stock on October 26, 2020. In a note dated January 23, 2020, Stifel upgraded an Buy rating on this stock but restated the target price of $9.50.
Ardmore Shipping Corp experienced fluctuations in its stock price throughout the past year between $10.86 and $23.44. Currently, Wall Street analysts expect the stock to reach $17 within the next 12 months. Ardmore Shipping Corp [NYSE: ASC] shares were valued at $11.39 at the most recent close of the market. An investor can expect a potential return of 49.25% based on the average ASC price forecast.
Analyzing the ASC fundamentals
Trailing Twelve Months sales for Ardmore Shipping Corp [NYSE:ASC] were 422.62M which represents 10.56% growth. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.36%, and Net Profit Margin reading is 0.36%. To continue investigating profitability, this company’s Return on Assets is posted at 0.21, Equity is 0.25 and Total Capital is 0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.03.
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 11.22 points at the first support level, and at 11.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.56, and for the 2nd resistance point, it is at 11.74.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ardmore Shipping Corp [NYSE:ASC] is 3.57. Also, the Quick Ratio is 3.26, while the Cash Ratio stands at 1.28. Considering the valuation of this stock, the price to sales ratio is 1.13, the price to book ratio is 0.76 and price to earnings (TTM) ratio is 3.20.
Transactions by insiders
Recent insider trading involved McWilliams Curtis B, Director, that happened on Sep 26 ’24 when 5000.0 shares were purchased. Officer, O’Driscoll Aideen Siobhan completed a deal on Sep 19 ’24 to buy 12063.0 shares. Meanwhile, Officer Gurnee Anthony bought 0.16 million shares on Sep 17 ’24.
