While Ardmore Shipping Corp has underperformed by -2.38%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ASC fell by -19.01%, with highs and lows ranging from $23.16 to $8.32, whereas the simple moving average fell by -17.45% in the last 200 days.
On October 23, 2024, Stifel Downgraded Ardmore Shipping Corp (NYSE: ASC) to Hold. A report published by Jefferies on July 21, 2022, Initiated its previous ‘Buy’ rating for ASC. Jefferies also rated ASC shares as ‘Buy’, setting a target price of $7.50 on the company’s shares in an initiating report dated April 27, 2022. H.C. Wainwright initiated its ‘Neutral’ rating for ASC, as published in its report on March 29, 2021. Stifel also rated the stock as ‘Buy’.
Analysis of Ardmore Shipping Corp (ASC)
With ASC’s current dividend of $0.69 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter decrease in sales is -30.39%, showing a negative trend in the upcoming months.
Ardmore Shipping Corp’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 15.97% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.36, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and ASC has an average volume of 599.63K. On a monthly basis, the volatility of the stock is set at 3.70%, whereas on a weekly basis, it is put at 4.57%, with a loss of -6.64% over the past seven days. Furthermore, long-term investors anticipate a median target price of $13.00, showing growth from the present price of $9.84, which can serve as yet another indication of whether ASC is worth investing in or should be passed over.
How Do You Analyze Ardmore Shipping Corp Shares?
Marine Shipping giant Ardmore Shipping Corp (ASC) is based in the Bermuda and is one of the largest companies in the market. When comparing Ardmore Shipping Corp shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 4.31, there is a growth in quarterly earnings of -84.89%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 5.07%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 68.19% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ASC shares are owned by institutional investors to the tune of 68.19% at present.
