While Ardmore Shipping Corp has overperformed by 0.25%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ASC fell by -26.99%, with highs and lows ranging from $23.44 to $10.86, whereas the simple moving average fell by -30.25% in the last 200 days.
On October 23, 2024, Stifel Downgraded Ardmore Shipping Corp (NYSE: ASC) to Hold. A report published by Jefferies on July 21, 2022, Initiated its previous ‘Buy’ rating for ASC. Jefferies also rated ASC shares as ‘Buy’, setting a target price of $7.50 on the company’s shares in an initiating report dated April 27, 2022. H.C. Wainwright initiated its ‘Neutral’ rating for ASC, as published in its report on March 29, 2021. Stifel also rated the stock as ‘Buy’.
Analysis of Ardmore Shipping Corp (ASC)
Investors in Ardmore Shipping Corp will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $1.08 per share. Further, the quarter-over-quarter increase in sales is 10.56%, showing a positive trend in the upcoming months.
One of the most important indicators of Ardmore Shipping Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 25.13% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.26, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and ASC is recording 929.32K average volume. On a monthly basis, the volatility of the stock is set at 4.19%, whereas on a weekly basis, it is put at 4.09%, with a gain of 0.68% over the past seven days. Furthermore, long-term investors anticipate a median target price of $16.60, showing growth from the present price of $11.85, which can serve as yet another indication of whether ASC is worth investing in or should be passed over.
How Do You Analyze Ardmore Shipping Corp Shares?
The Marine Shipping market is dominated by Ardmore Shipping Corp (ASC) based in the Bermuda. When comparing Ardmore Shipping Corp shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 3.33, there is a growth in quarterly earnings of 12.81%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 5.51%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 71.78% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ASC shares are owned by institutional investors to the tune of 71.78% at present.
