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Ardmore Shipping Corp (NYSE: ASC) closed the day trading at $13.21 down -3.86% from the previous closing price of $13.74. In other words, the price has decreased by -$3.86 from its previous closing price. On the day, 1.38 million shares were traded. ASC stock price reached its highest trading level at $13.71 during the session, while it also had its lowest trading level at $13.05.
Ratios:
For a better understanding of ASC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.45. For the most recent quarter (mrq), Quick Ratio is recorded 3.18 and its Current Ratio is at 3.50. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.07.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 552728832 and an Enterprise Value of 618081088. As of this moment, Ardmore’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.77, and their Forward P/E ratio for the next fiscal year is 5.96. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.34 while its Price-to-Book (P/B) ratio in mrq is 0.89. Its current Enterprise Value per Revenue stands at 1.495 whereas that against EBITDA is 3.554.
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 $12.69. The 50-Day Moving Average of the stock is -21.71%, while the 200-Day Moving Average is calculated to be -27.77%.
Shares Statistics:
Over the past 3-months, ASC traded about 475.86K shares per day on average, while over the past 10 days, ASC traded about 648040 shares per day. A total of 41.30M shares are outstanding, with a floating share count of 39.53M. Insiders hold about 5.52% of the company’s shares, while institutions hold 73.17% stake in the company. Shares short for ASC as of 1728950400 were 2392406 with a Short Ratio of 5.03, compared to 1726185600 on 2111715. Therefore, it implies a Short% of Shares Outstanding of 2392406 and a Short% of Float of 5.7800002.