As the world becomes increasingly uncertain, Ardmore Shipping Corporation (ASC) offers stability

The closing price of Ardmore Shipping Corporation (NYSE: ASC) was $15.43 for the day, down -8.75% from the previous closing price of $16.91. In other words, the price has decreased by -$1.48 from its previous closing price. On the day, 1217167 shares were traded. ASC stock price reached its highest trading level at $16.21 during the session, while it also had its lowest trading level at $15.14.

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Our analysis of ASC’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.17. For the most recent quarter (mrq), Quick Ratio is recorded 2.70 and its Current Ratio is at 3.00. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.34.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on July 21, 2022, initiated with a Buy rating and assigned the stock a target price of $10.

H.C. Wainwright Upgraded its Neutral to Buy on April 29, 2021, while the target price for the stock was maintained at $5.50.

Valuation Measures:

As of this moment, Ardmore’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.56, and their Forward P/E ratio for the next fiscal year is 8.16. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.44 while its Price-to-Book (P/B) ratio in mrq is 1.33.

Stock Price History:

Over the past 52 weeks, ASC has reached a high of $19.41, while it has fallen to a 52-week low of $3.81. The 50-Day Moving Average of the stock is 15.85, while the 200-Day Moving Average is calculated to be 11.86.

Shares Statistics:

ASC traded an average of 958.49K shares per day over the past three months and 1.03M shares per day over the past ten days. A total of 40.59M shares are outstanding, with a floating share count of 36.92M. Insiders hold about 9.87% of the company’s shares, while institutions hold 67.50% stake in the company. Shares short for ASC as of Jan 30, 2023 were 2.19M with a Short Ratio of 2.22M, compared to 1.82M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 5.40% and a Short% of Float of 5.40%.

Dividends & Splits

With its trailing 12-month dividend rate of 0.05, ASC has a forward annual dividend rate of 0.45.

Earnings Estimates

The firm’s stock currently is rated by 4 analysts. On average, analysts expect EPS of $1.24 for the current quarter, with a high estimate of $1.32 and a low estimate of $1.11, while EPS last year was -$0.26. The consensus estimate for the next quarter is $0.83, with high estimates of $1.12 and low estimates of $0.55.

Analysts are recommending an EPS of between $3.8 and $3.51 for the fiscal current year, implying an average EPS of $3.61. EPS for the following year is $2.27, with 4 analysts recommending between $3.76 and $0.55.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $91.78M to a low estimate of $82.08M. As of the current estimate, Ardmore Shipping Corporation’s year-ago sales were $27.87M, an estimated increase of 215.10% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $74.42M, an increase of 17.40% less than the figure of $215.10% in the same quarter last year. There is a high estimate of $81.26M for the next quarter, whereas the lowest estimate is $67.59M.

A total of 4 analysts have provided revenue estimates for ASC’s current fiscal year. The highest revenue estimate was $290.47M, while the lowest revenue estimate was $280.76M, resulting in an average revenue estimate of $286.5M. In the same quarter a year ago, actual revenue was $103.91M, up 175.70% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $224.92M in the next fiscal year. The high estimate is $257M and the low estimate is $169M. The average revenue growth estimate for next year is down -21.50% from the average revenue estimate for this year.