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.
You will need an online brokerage account in order to access the NYSE market and buy ASC stock.
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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.
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.
Investors use many financial metrics, analyses, models, and charts to gauge ASC's true value.
Using relative valuations measures:
You can access more valuation research on ASC's stock here.
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.
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.
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.
Over the last year, insiders at ASC have not bought or sold any shares.
Learn more about who owns ASC shares here.
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.
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