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The closing price of Ardmore Shipping Corp (NYSE: ASC) was $11.97 for the day, down -1.24% from the previous closing price of $12.12. In other words, the price has decreased by -$1.24 from its previous closing price. On the day, 0.8 million shares were traded. ASC stock price reached its highest trading level at $12.03 during the session, while it also had its lowest trading level at $11.75.
Ratios:
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 10.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.61. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 502876480 and an Enterprise Value of 494636736. As of this moment, Ardmore’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.36, and their Forward P/E ratio for the next fiscal year is 6.95. 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 1.19 while its Price-to-Book (P/B) ratio in mrq is 0.80. Its current Enterprise Value per Revenue stands at 1.17 whereas that against EBITDA is 2.808.
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 $10.86. The 50-Day Moving Average of the stock is -6.04%, while the 200-Day Moving Average is calculated to be -31.73%.
Shares Statistics:
ASC traded an average of 790.61K shares per day over the past three months and 853100 shares per day over the past ten days. A total of 41.73M shares are outstanding, with a floating share count of 39.54M. Insiders hold about 5.51% of the company’s shares, while institutions hold 71.83% stake in the company. Shares short for ASC as of 1732838400 were 1759771 with a Short Ratio of 2.68, compared to 1730332800 on 1805896. Therefore, it implies a Short% of Shares Outstanding of 1759771 and a Short% of Float of 4.24.
Dividends & Splits
With its trailing 12-month dividend rate of 1.08, ASC has a forward annual dividend rate of 1.08. Against a Trailing Annual Dividend Yield of 0.089108914
