Ardmore Shipping Corp (NYSE: ASC)’s stock price has plunge by 4.09relation to previous closing price of 15.64. Nevertheless, the company has seen a -2.46% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-05 that Ardmore Shipping (ASC) closed at $16.70 in the latest trading session, marking a +0.06% move from the prior day.
Is It Worth Investing in Ardmore Shipping Corp (NYSE: ASC) Right Now?
The price-to-earnings ratio for Ardmore Shipping Corp (NYSE: ASC) is 9.70x, which is above its average ratio. Moreover, the 36-month beta value for ASC is 0.38. Analysts have varying opinions on the stock, with 7 analysts rating it as a “buy,” 4 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for ASC is 37.26M and currently, short sellers hold a 2.64% of that float. On April 12, 2024, ASC’s average trading volume was 666.57K shares.
ASC’s Market Performance
The stock of Ardmore Shipping Corp (ASC) has seen a -2.46% decrease in the past week, with a 2.65% rise in the past month, and a 10.75% gain in the past quarter. The volatility ratio for the week is 3.46%, and the volatility levels for the past 30 days are at 2.67% for ASC. The simple moving average for the last 20 days is -0.89% for ASC stock, with a simple moving average of 15.27% 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 21, 2022 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 0.24% 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 -5.18% of loss for the given period.
Volatility was left at 2.67%, however, over the last 30 days, the volatility rate increased by 3.46%, as shares sank -0.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.93% lower at present.
During the last 5 trading sessions, ASC fell by -2.46%, which changed the moving average for the period of 200-days by +36.23% in comparison to the 20-day moving average, which settled at $16.42. In addition, Ardmore Shipping Corp saw 15.54% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ASC
Current profitability levels for the company are sitting at:
- 0.33 for the present operating margin
- 0.52 for the gross margin
The net margin for Ardmore Shipping Corp stands at 0.29. The total capital return value is set at 0.2. Equity return is now at value 13.45, with 10.28 for asset returns.
Based on Ardmore Shipping Corp (ASC), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at 3.04. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is 11.34.
Currently, EBITDA for the company is 159.49 million with net debt to EBITDA at 0.3. When we switch over and look at the enterprise to sales, we see a ratio of 1.83. The receivables turnover for the company is 7.04for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.75.
Conclusion
To wrap up, the performance of Ardmore Shipping Corp (ASC) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
