Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
In the latest session, Ardmore Shipping Corp (NYSE: ASC) closed at $9.24 down -5.04% from its previous closing price of $9.73. In other words, the price has decreased by -$5.04 from its previous closing price. On the day, 0.72 million shares were traded.
Ratios:
For a deeper understanding of Ardmore Shipping Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.82. For the most recent quarter (mrq), Quick Ratio is recorded 3.86 and its Current Ratio is at 4.24. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.06.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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:
As of this moment, Ardmore’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.02, and their Forward P/E ratio for the next fiscal year is 7.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.92 while its Price-to-Book (P/B) ratio in mrq is 0.62.
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 $9.65. The 50-Day Moving Average of the stock is -20.08%, while the 200-Day Moving Average is calculated to be -43.97%.
Shares Statistics:
A total of 40.46M shares are outstanding, with a floating share count of 36.24M. Insiders hold about 10.42% of the company’s shares, while institutions hold 72.43% stake in the company.
