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 $10.19, up 2.93% from the previous day, and has decreased 52.6% in one year. It has underperformed other stocks in the Marine Shipping industry by 0.35 percentage points. Ardmore Shipping stock is currently +22.48% from its 52-week low of $8.32, and -56% from its 52-week high of $23.16.
At the moment, there are 40.46M shares of ASC outstanding. The market cap of ASC is $412.24M. In the last 24 hours, 857,000 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.
Our recommended brokerage: eToro
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Get $10 towards your share purchase by creating an account with eToro today. This offer is only for US users.
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.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create a new brokerage account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
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 Due Diligence 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 4.43x, relative to Marine Shipping industry P/E ratio of 9.55x
- ASC may be undervalued based on its P/B ratio of 0.68x, relative to Marine Shipping industry P/B ratio of 0.83x
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's operating cash flow of $137.52M allows it to safely service it's debt of $23.99M.
- There are more short-term assets than long-term liabilities on the ASC balance sheet.
- ASC has a low debt to equity ratio of 0.09.
- Total ASC debt is lower than 5 years ago, relative to shareholder equity.
- ASC earnings of $105.37M is not sufficient to cover its interest payments.
Cons:
- ASC profit margin has gone down from 28.3% to 25.7% in the past year.
Is ASC stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 3 sell side analysts who track ASC, the consensus analyst rating on Ardmore Shipping is a Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Ardmore Shipping stock forecast page.
ASC Technicals
Is ASC Making Money?
Last year, ASC earnings were $95.84M. In the last two year, ASC's earnings have increased by -30.85% per year. This was slower than the Marine Shipping industry average of 15.32%.
Last year, ASC revenue was $373.48M. During the last 5 year, ASC's revenue has gone up by 9.9% per year. This was slower than the Marine Shipping industry average of 25%.
Dive into ASC's earnings and revenue performance here.
Who is buying/selling ASC?
Over the past 12 months, insiders at ASC have not bought or sold any shares.
Get more info about who owns ASC shares here.
Does ASC stock generate passive income?
Ardmore Shipping pays a dividend of 6.28%, compared to the Marine Shipping industry's average dividend yield of 15.76%. If you owned $1,000 of ASC stock, you would have been paid $62.81 last year.
Ardmore Shipping dividend payments have not consistently grown over the past decade and have not remained stable.
Find more analysis about Ardmore Shipping dividend yield and history here.
What do other traders have to say about ASC?
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Execute your ASC purchase
There are two main 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 lets you buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given price limit, place a limit order.
Click the Open Trade button and eToro will execute your order.
If you require additional info about buying stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your investment in ASC
Now that you own some ASC shares, you'll want to stay up-to-date on your shares.
Put ASC on a watchlist to see the latest developments about your ASC stock.
ASC Feed
How to Buy Stock in Ardmore Shipping
To summarize, here are the 6 steps to buy stock in Ardmore Shipping:
- 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 need a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you want to monitor your new investment in Ardmore Shipping, click below.
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