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The price of Ardmore Shipping Corp (NYSE: ASC) closed at $11.89 in the last session, down -3.49% from day before closing price of $12.32. In other words, the price has decreased by -$3.49 from its previous closing price. On the day, 1.28 million shares were traded. ASC stock price reached its highest trading level at $12.29 during the session, while it also had its lowest trading level at $11.62.
Ratios:
We take a closer look at ASC’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.57. For the most recent quarter (mrq), Quick Ratio is recorded 3.26 and its Current Ratio is at 3.57. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.03.
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 the company, Stifel on October 23, 2024, Downgraded its rating to Hold and sets its target price to $17 from $24 previously.
On July 21, 2022, Jefferies started tracking the stock assigning a Buy rating and target price of $10.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 26 ’24 when McWilliams Curtis B bought 5,000 shares for $17.80 per share.
O’Driscoll Aideen Siobhan bought 12,063 shares of ASC for $211,833 on Sep 19 ’24. On Sep 17 ’24, another insider, Gurnee Anthony, who serves as the Officer of the company, bought 159,611 shares for $17.67 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ASC now has a Market Capitalization of 499515552 and an Enterprise Value of 519003680. As of this moment, Ardmore’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.34, and their Forward P/E ratio for the next fiscal year is 6.31. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.18 while its Price-to-Book (P/B) ratio in mrq is 0.79. Its current Enterprise Value per Revenue stands at 1.228 whereas that against EBITDA is 2.946.
Stock Price History:
Over the past 52 weeks, ASC has reached a high of $23.44, while it has fallen to a 52-week low of $11.59. The 50-Day Moving Average of the stock is -23.99%, while the 200-Day Moving Average is calculated to be -34.16%.
Shares Statistics:
According to the various share statistics, ASC traded on average about 603.61K shares per day over the past 3-months and 1216180 shares per day over the past 10 days. A total of 41.30M shares are outstanding, with a floating share count of 39.54M. Insiders hold about 5.51% of the company’s shares, while institutions hold 71.85% stake in the company. Shares short for ASC as of 1730332800 were 1805896 with a Short Ratio of 2.99, compared to 1727654400 on 2501997. Therefore, it implies a Short% of Shares Outstanding of 1805896 and a Short% of Float of 4.35.
Dividends & Splits
The forward annual dividend rate for ASC is 1.06, which was 1.08 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.08766235
