At the time of writing, Ardmore Shipping Corp [ASC] stock is trading at $11.77, up 5.47%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ASC shares have gain 3.16% over the last week, with a monthly amount drifted -1.67%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Ardmore Shipping Corp fluctuated 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 $11.77 at the most recent close of the market. An investor can expect a potential return of 44.44% based on the average ASC price forecast.
Analyzing the ASC fundamentals
According to Ardmore Shipping Corp [NYSE:ASC], the company’s sales were 422.62M for trailing twelve months, which represents an 10.56% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.05.
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 11.34 points at the first support level, and at 10.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.03, and for the 2nd resistance point, it is at 12.29.
Ratios To Look Out For
It is important to note that Ardmore Shipping Corp [NYSE:ASC] has a current ratio of 3.57. Further, the Quick Ratio stands at 3.26, while the Cash Ratio is 1.28. Considering the valuation of this stock, the price to sales ratio is 1.17, the price to book ratio is 0.78 and price to earnings (TTM) ratio is 3.30.
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.
