Ardmore Shipping Corp (NYSE: ASC) has a higher price-to-earnings ratio of 3.36x compared to its average ratio, The 36-month beta value for ASC is at 0.30. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for ASC is 39.54M, and currently, shorts hold a 5.36% of that float. The average trading volume for ASC on December 27, 2024 was 790.61K shares.
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ASC) stock’s latest price update
Ardmore Shipping Corp (NYSE: ASC)’s stock price has dropped by -1.24 in relation to previous closing price of 12.12. Nevertheless, the company has seen a gain of 5.09% in its stock price over the last five trading days. seekingalpha.com reported 2024-12-23 that Among the tanker companies I have researched so far, Ardmore Shipping is the only player exposed to the chemical market. Another important element that differentiates ASC from other tanker operators is its net cash balance, which represents ~5.0% of its current market capitalization. According to management, Ardmore would generate earnings per share of approximately $1.97 using charter rates of $25,000 per day, which is roughly in line with what was reported in Q3.
ASC’s Market Performance
Ardmore Shipping Corp (ASC) has seen a 5.09% rise in stock performance for the week, with a 1.10% gain in the past month and a -33.72% plunge in the past quarter. The volatility ratio for the week is 3.80%, and the volatility levels for the past 30 days are at 3.64% for ASC. The simple moving average for the past 20 days is 4.55% for ASC’s stock, with a -31.73% simple moving average for the past 200 days.
Analysts’ Opinion of ASC
Many brokerage firms have already submitted their reports for ASC stocks, with Stifel repeating the rating for ASC by listing it as a “Hold.” The predicted price for ASC in the upcoming period, according to Stifel is $17 based on the research report published on October 23, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see ASC reach a price target of $10. The rating they have provided for ASC stocks is “Buy” according to the report published on July 21st, 2022.
Jefferies gave a rating of “Buy” to ASC, setting the target price at $7.50 in the report published on April 27th of the previous year.
ASC Trading at -6.04% 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 -48.93% of loss for the given period.
Volatility was left at 3.64%, however, over the last 30 days, the volatility rate increased by 3.80%, as shares surge +4.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.19% lower at present.
During the last 5 trading sessions, ASC rose by +5.09%, which changed the moving average for the period of 200-days by -24.53% in comparison to the 20-day moving average, which settled at $11.45. In addition, Ardmore Shipping Corp saw -15.05% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ASC starting from McWilliams Curtis B, who proposed sale 5,000 shares at the price of $17.80 back on Sep 26 ’24. After this action, McWilliams Curtis B now owns shares of Ardmore Shipping Corp, valued at $88,994 using the latest closing price.
O’Driscoll Aideen Siobhan, the Officer of Ardmore Shipping Corp, proposed sale 12,063 shares at $17.56 during a trade that took place back on Sep 19 ’24, which means that O’Driscoll Aideen Siobhan is holding shares at $211,833 based on the most recent closing price.
Stock Fundamentals for ASC
Current profitability levels for the company are sitting at:
- 0.3 for the present operating margin
- 0.42 for the gross margin
The net margin for Ardmore Shipping Corp stands at 0.36. The total capital return value is set at 0.19. Equity return is now at value 25.13, with 21.73 for asset returns.
Based on Ardmore Shipping Corp (ASC), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 6.83. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is 15.35.
Currently, EBITDA for the company is 157.85 million with net debt to EBITDA at -0.1. When we switch over and look at the enterprise to sales, we see a ratio of 1.14. The receivables turnover for the company is 6.49for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.57.
Conclusion
In conclusion, Ardmore Shipping Corp (ASC) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
