How to Buy Ardmore Shipping Stock
Ardmore Shipping Corp
Ardmore Shipping is a shipping company located in Bermuda, which is part of the Industrials sector, and is traded under the ticker ASC on the NYSE exchange.
Ardmore Shipping stock last closed at $12.20, up 1.58% from the previous day, and has increased 59.06% in one year. It has overperformed other stocks in the Marine Shipping industry by 0.94 percentage points. Ardmore Shipping stock is currently +93.04% from its 52-week low of $6.32, and -37.13% from its 52-week high of $19.41.
At the moment, there are 40.72M shares of ASC outstanding. The market cap of ASC is $496.82M. In the last 24 hours, 588,756 ASC shares were traded.
How to Buy Ardmore Shipping Stock
Not sure how to invest in Ardmore Shipping stock? Here's how.
- Decide where to buy Ardmore Shipping stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you determine where to buy Ardmore Shipping stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Choose your payment method and add your details.
- Analyze Ardmore Shipping stock: The Ardmore Shipping ticker symbol is ASC. Is Ardmore Shipping stock a good investment? Should you buy shares of ASC? How do ASC's underlying business fundamentals look? Do top analysts think Ardmore Shipping is a good buy? Why has ASC's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if ASC is a good stock to buy).
- Execute your ASC purchase: Decide if you will purchase ASC shares at the current market price or use a limit order to buy ASC shares at a specific price.
- Keep an eye on your investment in ASC: Create a watchlist to get the latest news on your new investment in Ardmore Shipping stock.
Step 1: Decide where to buy Ardmore Shipping stock
You will need an online brokerage account in order to access the NYSE market and buy ASC stock.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen the best brokerage, you'll need to fill out some personal details so you are able to invest in ASC stock today.
How to Create a New Investment Account on eToro
- Click here to get started.
- Enter your personal details to create a new brokerage account.
- Submit your info by clicking the "Create Account" button.
Step 3: Deposit funds into your brokerage account
Now that you've created your account on app for investing, your next step is to transfer the money for your investment:
Watch the walkthrough below if you need help transferring funds into your new brokerage account.
Step 4: Analyze Ardmore Shipping stock
Once you have selected the best place to buy Ardmore Shipping stock, it's important to evaluate their stock prior to buying, so you actually wrap your head around the risk and opportunity.
Ardmore Shipping Numbers
ASC Zen Score
WallStreetZen was created to help average investors perform more accurate fundamental analysis quickly.
You can view all of the due diligence checks on ASC's stock page.
Is ASC stock undervalued or overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge ASC's true value.
Using relative valuations measures:
- ASC may be undervalued based on its P/E ratio of 2.54x, relative to Marine Shipping industry P/E ratio of 9.57x
- ASC may be overvalued based on its P/B ratio of 1x, relative to Marine Shipping industry P/B ratio of 0.71x
You can access more valuation research on ASC's stock here.
A quick look at ASC Financials
Pros:
- There are more short-term assets than short-term liabilities on the ASC balance sheet.
- ASC earnings of $204.04M is not sufficient to cover its interest payments.
- There are more short-term assets than long-term liabilities on the ASC balance sheet.
- ASC has a low debt to equity ratio of 0.36.
- ASC's operating cash flow of $186.70M allows it to safely service it's debt of $153.81M.
- Total ASC debt is lower than 5 years ago, relative to shareholder equity.
- ASC profit margin has gone up from -17.8% to 37.2% in the past year.
Is ASC stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 2 sell side analysts who track ASC, the consensus analyst rating on Ardmore Shipping is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest ASC Analyst Recommendations
Omar Nokta, a bottom 6% analyst from Jefferies maintains ASC with a strong buy rating and lowers their ASC price target from $20.00 to $17.00, on May 9, 2023.
Benjamin Nolan, a bottom 28% analyst from Stifel Nicolaus maintains ASC with a strong buy rating and raises their ASC price target from $21.00 to $24.00, on Apr 25, 2023.
Maintaining his Strong Buy rating, Nolan raised his price target on Ardmore Shipping Corporation by 14.3% after re-evaluating names in his Shipping and Energy Infrastructure portfolio ahead of the Q1 2023 earnings releases.
Although shipping markets "are in various stages of the cycle," the tanker group is "doing very well thanks to inefficient Russia-related voyages and limited supply," the analyst summarized.
Ardmore Shipping is expected to report its earnings on 2023/05/03.
The Zacks Consensus EPS Estimate for the company's upcoming quarter is $1.21 which, if achieved, would represent a 4133.33% decline against Q1 2022’s $(0.03).
You can dig deeper into what analysts are projecting on the Ardmore Shipping stock forecast page.
ASC Technical Indicators
ASC Performance Metrics
Last year, ASC revenue was $500.61M. Over the last five year, ASC's revenue has gone up by 20.54% per year. This was faster than the Marine Shipping industry average of 16.27%.
Learn more about ASC's earnings and revenue performance here.
What are ASC insiders up to?
Over the last year, insiders at ASC have not bought or sold any shares.
Learn more about who owns ASC shares here.
Can I rely on ASC as an income stream?
Ardmore Shipping pays a dividend of 6.56%, compared to the Marine Shipping industry's average dividend yield of 17.94%. If you owned $1,000 of ASC stock, you would have been paid $65.57 last year.
Ardmore Shipping dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more info about Ardmore Shipping dividend yield and history here.
What do other investors have to say about ASC?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your ASC purchase
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally the best for newer investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given price, place a limit order.
Hit the Open button and your broker will execute the order.
If you need more info about investing in stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your investment in ASC
Now that you own some shares in ASC, you'll want to keep up with your investment.
Add ASC to a watchlist to track the most important metrics related to your ASC stock.
ASC Feed
How to Buy Stock in Ardmore Shipping
To summarize, here are the 6 steps to buy Ardmore Shipping stock:
- Decide where to buy Ardmore Shipping stock
- Create your brokerage account
- Deposit funds into your brokerage account
- Analyze Ardmore Shipping stock
- Execute your ASC purchase
- Keep an eye on your investment in ASC
If you require a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to track your new investment in Ardmore Shipping, click the button below.
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