Ardmore Shipping Corp (NYSE: ASC) is -12.56% lower on its value in year-to-date trading and has touched a low of $11.59 and a high of $23.44 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ASC stock was last observed hovering at around $12.36 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $12.32, the stock is -6.28% and -21.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.98 million and changing -0.32% at the moment leaves the stock -31.86% off its SMA200. ASC registered -7.16% loss for a year compared to 6-month loss of -46.41%. The firm has a 50-day simple moving average (SMA 50) of $15.846 and a 200-day simple moving average (SMA200) of $18.0996.
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The stock witnessed a -24.04% gain in the last 1 month and extending the period to 3 months gives it a -33.87%, and is 3.18% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.83% over the week and 3.57% over the month.
Ardmore Shipping Corp (ASC) has around 834 employees, a market worth around $515.49M and $422.62M in sales. Current P/E ratio is 3.46 and Fwd P/E is 6.54. Profit margin for the company is 35.41%. Distance from 52-week low is 6.30% and -47.44% from its 52-week high. The company has generated returns on investments over the last 12 months (21.86%).
Ardmore Shipping Corp quarterly earnings per share for the current quarter are estimated at 0.4 with sales reaching $55.63M over the same period.The EPS is expected to grow by 12.71% this year, but quarterly earnings will post 5.87% year-over-year. Quarterly sales are estimated to shrink -15.34% in year-over-year returns.
The shares outstanding are 41.30M, and float is at 39.54M with Short Float at 4.57%.
The top institutional shareholder in the company is DIMENSIONAL FUND ADVISORS LP with over 2.75 million shares valued at $61.95 million. The investor’s holdings represent 6.6457 of the ASC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 2.52 million shares valued at $56.81 million to account for 6.0947 of the shares outstanding. The other top investors are ARISTOTLE CAPITAL BOSTON, LLC which holds 1.74 million shares representing 4.2047 and valued at over $39.19 million, while RENAISSANCE TECHNOLOGIES LLC holds 3.3863 of the shares totaling 1.4 million with a market value of $31.56 million.
Ardmore Shipping Corp (ASC) Insider Activity
Still, SEC filings show that on Sep 17 ’24, Gurnee Anthony (Officer) Proposed Sale 159,611 shares at an average price of $17.67 for $2.82 million. The insider now directly holds shares of Ardmore Shipping Corp (ASC).
