On Friday, Ardmore Shipping Corp (NYSE: ASC) opened lower -0.32% from the last session, before settling in for the closing price of $18.94. Price fluctuations for ASC have 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
A company in the Industrials sector has jumped its sales by 22.60% annually for the last half of the decade. Company’s average yearly earnings per share was noted 40.11% at the time writing. With a float of $39.43 million, this company’s outstanding shares have now reached $41.30 million.
In an organization with 834 employees, it is important to assess its efficiency. 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) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Marine Shipping industry is another important factor to consider. The insider ownership of Ardmore Shipping Corp is 5.52%, while institutional ownership is 75.11%. 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) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.49 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.44) by 0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.88 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 40.11% per share during the next fiscal year.
Ardmore Shipping Corp (NYSE: ASC) Trading Performance Indicators
Check out the current performance indicators for Ardmore Shipping Corp (ASC). In the past quarter, the stock posted a quick ratio of 3.18. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.91. Likewise, its price to free cash flow for the trailing twelve months is 9.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.50, a number that is poised to hit 0.76 in the next quarter and is forecasted to reach 2.97 in one year’s time.
Technical Analysis of Ardmore Shipping Corp (ASC)
Let’s dig in a bit further. During the last 5-days, its volume was 0.44 million. That was inferior than the volume of 0.66 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 28.27%. Additionally, its Average True Range was 0.54.
During the past 100 days, Ardmore Shipping Corp’s (ASC) raw stochastic average was set at 42.50%, which indicates a significant increase from 19.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.02% in the past 14 days, which was lower than the 39.55% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.37, while its 200-day Moving Average is $17.70. However, in the short run, Ardmore Shipping Corp’s stock first resistance to watch stands at $19.04. Second resistance stands at $19.19. The third major resistance level sits at $19.43. If the price goes on to break the first support level at $18.65, it is likely to go to the next support level at $18.41. The third support level lies at $18.26 if the price breaches the second support level.
Ardmore Shipping Corp (NYSE: ASC) Key Stats
There are currently 40,627K shares outstanding in the company with a market cap of 787.86 million. Presently, the company’s annual sales total 395,980 K according to its annual income of 116,810 K. Last quarter, the company’s sales amounted to 121,330 K and its income totaled 62,690 K.
