Ardmore Shipping Corp (NYSE: ASC) is -12.35% lower on its value in year-to-date trading and has touched a low of $10.86 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 $11.88 in the last trading session, with the day’s gains setting it 0.24%.
Currently trading at $12.12, the stock is 5.97% and -5.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.65 million and changing 2.02% at the moment leaves the stock -30.96% off its SMA200. ASC registered -17.34% loss for a year compared to 6-month loss of -45.59%. The firm has a 50-day simple moving average (SMA 50) of $12.937 and a 200-day simple moving average (SMA200) of $17.5706.
The stock witnessed a 4.22% gain in the last 1 month and extending the period to 3 months gives it a -29.47%, and is 10.07% 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 3.91% over the week and 3.63% over the month.
Ardmore Shipping Corp (ASC) has around 834 employees, a market worth around $517.36M and $422.62M in sales. Current P/E ratio is 3.40 and Fwd P/E is 7.03. Profit margin for the company is 35.41%. Distance from 52-week low is 11.60% and -48.29% from its 52-week high. The company has generated returns on investments over the last 12 months (21.86%).
The EPS is expected to grow by 12.49% this year
The shares outstanding are 41.73M, and float is at 39.54M with Short Float at 5.36%.
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).
