Ardmore Shipping Corp [NYSE: ASC] gained 0.49% or 0.05 points to close at $10.25 with a heavy trading volume of 286093 shares.
It opened the trading session at $10.21, the shares rose to $10.28 and dropped to $10.06, the range by which the price of stock traded the whole day. The daily chart for ASC points out that the company has recorded -14.65% loss over the past six months.
If we look at the average trading volume of 621.24K shares, ASC reached to a volume of 286093 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Ardmore Shipping Corp [ASC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ASC shares is $13.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ASC stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Stifel have made an estimate for Ardmore Shipping Corp shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 23, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on July 21, 2022, representing the official price target for Ardmore Shipping Corp stock. Previously, the target price had yet another raise to $7.50, while Jefferies analysts kept a Buy rating on ASC stock.
The Price to Book ratio for the last quarter was 0.68, with the Price to Cash per share for the same quarter was set at 1.17. Price to Free Cash Flow for ASC in the course of the last twelve months was 4.90 with Quick ratio for the last quarter at 3.36.
Trading performance analysis for ASC stock
Ardmore Shipping Corp [ASC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.17. With this latest performance, ASC shares gained by 6.66% in over the last four-week period, additionally sinking by -14.65% over the last 6 months – not to mention a drop of -15.64% in the past year of trading.
Ardmore Shipping Corp [ASC]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Ardmore Shipping Corp [ASC] shares currently have an operating margin of 25.15% and a Gross Margin at 32.67%. Ardmore Shipping Corp’s Net Margin is presently recorded at 25.66%.
Return on Equity for this stock inclined to 14.24%, with Return on Assets sitting at 14.24%.
Ardmore Shipping Corp [ASC]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ASC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ardmore Shipping Corp go to -13.22%.
An analysis of Institutional ownership at Ardmore Shipping Corp [ASC]
There are presently around $69.04%, or 81.93% of ASC stock, in the hands of institutional investors. The top three institutional holders of ASC stocks are: DIMENSIONAL FUND ADVISORS LP with ownership of 2.75 million shares, which is approximately 6.5859%. BLACKROCK INC., holding 2.52 million shares of the stock with an approximate value of $$56.81 million in ASC stocks shares; and BLACKROCK INC., currently with $$39.19 million in ASC stock with ownership which is approximately 4.1669%.
