Ardmore Shipping Corp [ASC] stock is trading at $9.35, up 6.98%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ASC shares have lost -4.49% over the last week, with a monthly amount drifted -5.27%, 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.
Ardmore Shipping Corp [ASC] stock has fluctuated between $8.54 and $23.44 over the past year. Currently, Wall Street analysts expect the stock to reach $17 within the next 12 months. Ardmore Shipping Corp [NYSE: ASC] shares were valued at $9.35 at the most recent close of the market. An investor can expect a potential return of 81.82% based on the average ASC price forecast.
Analyzing the ASC fundamentals
Ardmore Shipping Corp [NYSE:ASC] reported sales of 405.78M for the trailing twelve months, which represents a drop of -17.03%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.34%, Pretax Profit Margin comes in at 0.34%, and Net Profit Margin reading is 0.33%. To continue investigating profitability, this company’s Return on Assets is posted at 0.19, Equity is 0.21 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 0.07.
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 8.73 points at the first support level, and at 8.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.78, and for the 2nd resistance point, it is at 10.21.
Ratios To Look Out For
For context, Ardmore Shipping Corp’s Current Ratio is 4.24. As well, the Quick Ratio is 3.86, while the Cash Ratio is 1.58. Considering the valuation of this stock, the price to sales ratio is 0.93, the price to book ratio is 0.62 and price to earnings (TTM) ratio is 3.06.
Transactions by insiders
Recent insider trading involved Gaina Robert Cristian, Officer, that happened on Mar 31 ’25 when 3186.0 shares were purchased. Officer, O’Driscoll Aideen Siobhan completed a deal on Mar 31 ’25 to buy 1968.0 shares. Meanwhile, Officer Ruppelt Gernot bought 11044.0 shares on Mar 31 ’25.
