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Ardmore Shipping Corp (NYSE: ASC) closed the day trading at $11.07 down -4.07% from the previous closing price of $11.54. In other words, the price has decreased by -$4.07 from its previous closing price. On the day, 0.88 million shares were traded. ASC stock price reached its highest trading level at $11.55 during the session, while it also had its lowest trading level at $11.01.
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 9.74 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.19. 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:
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 465066176 and an Enterprise Value of 484553856. As of this moment, Ardmore’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.11, and their Forward P/E ratio for the next fiscal year is 7.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.10 while its Price-to-Book (P/B) ratio in mrq is 0.74. Its current Enterprise Value per Revenue stands at 1.147 whereas that against EBITDA is 2.751.
Stock Price History:
The Beta on a monthly basis for ASC is 0.24, which has changed by -0.32582217 over the last 52 weeks, in comparison to a change of 0.23809385 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 -6.89%, while the 200-Day Moving Average is calculated to be -35.48%.
Shares Statistics:
Over the past 3-months, ASC traded about 909.11K shares per day on average, while over the past 10 days, ASC traded about 811550 shares per day. 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 71.61% stake in the company. Shares short for ASC as of 1735603200 were 2290563 with a Short Ratio of 2.52, compared to 1732838400 on 1759771. Therefore, it implies a Short% of Shares Outstanding of 2290563 and a Short% of Float of 5.510000000000001.
Dividends & Splits
ASC’s forward annual dividend rate is 1.08, up from 1.08 a year ago. Against a Trailing Annual Dividend Yield of 0.093587525
