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Ardmore Shipping Corporation (ASC): Skating on Thin Ice? We Know the Answer

Ardmore Shipping Corporation (NYSE:ASC) went up by 5.62% from its latest closing price compared to the recent 1-year high of $16.32. The company’s stock price has collected -3.59% of loss in the last five trading sessions.

Is It Worth Investing in Ardmore Shipping Corporation (NYSE :ASC) Right Now?

Ardmore Shipping Corporation (NYSE:ASC) scored a price-to-earnings ratio above its average ratio, recording 7.39 x from its present earnings ratio. Plus, the 36-month beta value for ASC is at 0.60. 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.”

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The average price from analysts is $16.75, which is $3.04 above the current price. ASC currently public float of 36.92M and currently shorts hold a 4.94% ratio of that float. Today, the average trading volume of ASC was 786.85K shares.

ASC’s Market Performance

ASC stocks went down by -3.59% for the week, with a monthly drop of -7.74% and a quarterly performance of 17.28%, while its annual performance rate touched 309.25%. The volatility ratio for the week stands at 5.45% while the volatility levels for the past 30 days are set at 5.14% for Ardmore Shipping Corporation. The simple moving average for the period of the last 20 days is -0.76% for ASC stocks with a simple moving average of 37.17% 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 previous 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 -4.19% 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 -15.99% of loss for the given period.

Volatility was left at 5.14%, however, over the last 30 days, the volatility rate increased by 5.45%, as shares sank -5.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.71% upper at present.

During the last 5 trading sessions, ASC fell by -3.59%, which changed the moving average for the period of 200-days by +183.85% in comparison to the 20-day moving average, which settled at $13.78. In addition, Ardmore Shipping Corporation saw -4.86% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for ASC

Current profitability levels for the company are sitting at:

  • -10.35 for the present operating margin
  • -0.38 for the gross margin

The net margin for Ardmore Shipping Corporation stands at -19.14. Equity return is now at value 22.00, with 10.10 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.61.

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