In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
As of close of business last night, Ardmore Shipping Corp’s stock clocked out at $11.85, up 0.25% from its previous closing price of $11.82. In other words, the price has increased by $0.25 from its previous closing price. On the day, 0.67 million shares were traded. ASC stock price reached its highest trading level at $11.97 during the session, while it also had its lowest trading level at $11.58.
Ratios:
To gain a deeper understanding of ASC’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.55. 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:
Investing in insider trades can also provide an investor with insight into how management views future 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 497835104 and an Enterprise Value of 517323200. As of this moment, Ardmore’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.33, and their Forward P/E ratio for the next fiscal year is 8.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.17 while its Price-to-Book (P/B) ratio in mrq is 0.79. Its current Enterprise Value per Revenue stands at 1.224 whereas that against EBITDA is 2.937.
Stock Price History:
The Beta on a monthly basis for ASC is 0.19, which has changed by -0.25893414 over the last 52 weeks, in comparison to a change of 0.208081 over the same period for the S&P500. 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 0.22%, while the 200-Day Moving Average is calculated to be -30.25%.
Shares Statistics:
It appears that ASC traded 929.32K shares on average per day over the past three months and 737250 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 71.78% stake in the company. Shares short for ASC as of 1736899200 were 2075716 with a Short Ratio of 2.23, compared to 1734048000 on 2119672. Therefore, it implies a Short% of Shares Outstanding of 2075716 and a Short% of Float of 5.0.
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 0.09137057
