A new trading day began on Tuesday, with Ardmore Shipping Corp (NYSE: ASC) stock price down -1.64% from the previous day of trading, before settling in for the closing price of $19.47. ASC’s price has ranged from $11.78 to $23.44 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales growth of Industrials Sector giant was 22.60%. Meanwhile, its annual earnings per share averaged 38.28%. With a float of $39.43 million, this company’s outstanding shares have now reached $41.30 million.
Let’s determine the extent of company efficiency that accounts for 834 employees. In terms of profitability, gross margin is 45.52%, operating margin of 35.23%, and the pretax margin is 36.43%.
Ardmore Shipping Corp (ASC) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Marine Shipping Industry. The insider ownership of Ardmore Shipping Corp is 5.52%, while institutional ownership is 75.61%. The most recent insider transaction that took place on Aug 12 ’24, was worth 966,000. Before that another transaction happened on Aug 05 ’24, when Company’s Officer proposed sale 50,000 for $19.84, making the entire transaction worth $992,000.
Ardmore Shipping Corp (ASC) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.49 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.99 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 38.28% per share during the next fiscal year.
Ardmore Shipping Corp (NYSE: ASC) Trading Performance Indicators
Here are Ardmore Shipping Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 3.18. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.93. Likewise, its price to free cash flow for the trailing twelve months is 9.33.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.50, a number that is poised to hit 0.75 in the next quarter and is forecasted to reach 3.08 in one year’s time.
Technical Analysis of Ardmore Shipping Corp (ASC)
Looking closely at Ardmore Shipping Corp (NYSE: ASC), its last 5-days average volume was 0.47 million, which is a drop from its year-to-date volume of 0.67 million. As of the previous 9 days, the stock’s Stochastic %D was 39.19%. Additionally, its Average True Range was 0.64.
During the past 100 days, Ardmore Shipping Corp’s (ASC) raw stochastic average was set at 46.37%, which indicates a significant increase from 28.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.58% in the past 14 days, which was lower than the 40.38% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.81, while its 200-day Moving Average is $17.47. However, in the short run, Ardmore Shipping Corp’s stock first resistance to watch stands at $19.35. Second resistance stands at $19.54. The third major resistance level sits at $19.69. If the price goes on to break the first support level at $19.01, it is likely to go to the next support level at $18.86. Now, if the price goes above the second support level, the third support stands at $18.67.
Ardmore Shipping Corp (NYSE: ASC) Key Stats
With a market capitalization of 799.13 million, the company has a total of 40,627K Shares Outstanding. Currently, annual sales are 395,980 K while annual income is 116,810 K. The company’s previous quarter sales were 121,330 K while its latest quarter income was 62,690 K.
