Ardmore Shipping Corporation (NYSE:ASC) went up by 4.40% from its latest closing price compared to the recent 1-year high of $10.56. The company’s stock price has collected 5.35% of gains in the last five trading sessions.
Is It Worth Investing in Ardmore Shipping Corporation (NYSE :ASC) Right Now?
Plus, the 36-month beta value for ASC is at 0.30. Opinions of the stock are interesting as 4 analysts out of 4 who provided ratings for Ardmore Shipping Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $11.50, which is $0.16 above the current price. ASC currently public float of 33.48M and currently shorts hold a 3.12% ratio of that float. Today, the average trading volume of ASC was 788.07K shares.
ASC’s Market Performance
ASC stocks went up by 5.35% for the week, with a monthly jump of 6.53% and a quarterly performance of 45.00%, while its annual performance rate touched 206.16%. The volatility ratio for the week stands at 6.14% while the volatility levels for the past 30 days are set at 5.20% for Ardmore Shipping Corporation. The simple moving average for the period of the last 20 days is 6.50% for ASC stocks with a simple moving average of 72.53% for the last 200 days.
Analysts’ Opinion of ASC
Many brokerage firms have already submitted their reports for ASC stocks, with Jefferies repeating the rating for ASC by listing it as a “Buy.” The predicted price for ASC in the upcoming period, according to Jefferies is $10 based on the research report published on July 21st of the current year 2022.
Jefferies, on the other hand, stated in their research note that they expect to see ASC reach a price target of $7.50. The rating they have provided for ASC stocks is “Buy” according to the report published on April 27th, 2022.
H.C. Wainwright gave a rating of “Buy” to ASC, setting the target price at $5.50 in the report published on April 29th of the previous year.
ASC Trading at 16.97% from the 50-Day Moving Average
After a stumble in the market that brought ASC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.18% of loss for the given period.
Volatility was left at 5.20%, however, over the last 30 days, the volatility rate increased by 6.14%, as shares surge +5.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +50.43% upper at present.
During the last 5 trading sessions, ASC rose by +5.35%, which changed the moving average for the period of 200-days by +192.44% in comparison to the 20-day moving average, which settled at $9.83. In addition, Ardmore Shipping Corporation saw 208.88% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ASC
Equity return is now at value -0.10, with -0.10 for asset returns.