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 $10.92, down 2.06% from the previous day, and has decreased 36.84% in one year. It has underperformed other stocks in the Marine Shipping industry by 0.07 percentage points. Ardmore Shipping stock is currently +31.25% from its 52-week low of $8.32, and -35.31% from its 52-week high of $16.88.
At the moment, there are 40.46M shares of ASC outstanding. The market cap of ASC is $441.77M. In the last 24 hours, 508,000 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.
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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.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 overvalued based on its P/E ratio of 10.5x, relative to Marine Shipping industry P/E ratio of 8.37x
- ASC may be undervalued based on its P/B ratio of 0.71x, relative to Marine Shipping industry P/B ratio of 0.8x
- ASC could be undervalued based on its PEG ratio of 0.41x
You can do more valuation analysis on ASC's stock here.
How do ASC Financials look?
Pros:
- ASC's operating cash flow of $100.35M allows it to safely service it's debt of $28.64M.
- There are more short-term assets than short-term liabilities on the ASC balance sheet.
- Total ASC debt is lower than 5 years ago, relative to shareholder equity.
- ASC has a low debt to equity ratio of 0.09.
- There are more short-term assets than long-term liabilities on the ASC balance sheet.
- ASC earnings of $51.27M is not sufficient to cover its interest payments.
Cons:
- ASC profit margin has gone down from 35.5% to 13.3% in the past year.
Do Wall Street analysts think it's a good time to buy ASC stock
Out of 2 Wall Street analysts who give ratings on ASC, the consensus analyst rating on Ardmore Shipping is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Ardmore Shipping stock forecast page.
ASC Technicals
How is ASC performing as a company?
Last year, ASC earnings were $42.96M. During the last five year, ASC's earnings have increased by 15.77% per year. This was faster than the Marine Shipping industry average of 11.78%.
Last year, ASC revenue was $324.20M. Over the past five year, ASC's revenue has gone up by 5.68% per year. This was slower than the Marine Shipping industry average of 22.17%.
Dive into ASC's earnings and revenue performance here.
Who is buying/selling ASC?
In the past 12 months, insiders at ASC have not bought or sold any shares.
Get more info about who owns ASC stock here.
Can I rely on ASC as an income stream?
Ardmore Shipping pays a dividend of 3.02%, compared to the Marine Shipping industry's average dividend yield of 11.8%. If you owned $1,000 worth of ASC stock, you would have received $30.22 in the past year.
Ardmore Shipping dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more analysis about Ardmore Shipping dividend yield and history here.
ASC Social Trading Data
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your ASC purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly fine. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular price limit, use a limit order.
Hit the Open button and your broker will execute the order.
If you want additional help buying stocks on eToro, watch the helpful 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 shares.
Start 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 you need to take to buy Ardmore Shipping stock right now:
- 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 online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep tabs on your new investment in Ardmore Shipping, hit the button below to create your watchlist.
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