Ardmore Shipping Corp (NYSE: ASC) kicked off on Tuesday, up 3.52% from the previous trading day, before settling in for the closing price of $11.94. Over the past 52 weeks, ASC has traded in a range of $11.59-$23.44.
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During the last 5-year period, the sales growth of Industrials Sector giant was 22.60%. While this was happening, its average annual earnings per share was recorded 12.71%. With a float of $39.54 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 42.04%, operating margin of 30.5%, and the pretax margin is 36.36%.
Ardmore Shipping Corp (ASC) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Marine Shipping Industry. The insider ownership of Ardmore Shipping Corp is 5.51%, while institutional ownership is 71.84%. The most recent insider transaction that took place on Sep 26 ’24, was worth 88,994. Before that another transaction happened on Sep 19 ’24, when Company’s Officer proposed sale 12,063 for $17.56, making the entire transaction worth $211,833.
Ardmore Shipping Corp (ASC) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 12.71% per share during the next fiscal year.
Ardmore Shipping Corp (NYSE: ASC) Trading Performance Indicators
Take a look at Ardmore Shipping Corp’s (ASC) current performance indicators. Last quarter, stock had a quick ratio of 3.26. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.22. Likewise, its price to free cash flow for the trailing twelve months is 5.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.56, a number that is poised to hit 0.40 in the next quarter and is forecasted to reach 1.88 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 0.94 million, which is a jump from its year-to-date volume of 0.65 million. As of the previous 9 days, the stock’s Stochastic %D was 20.15%. Additionally, its Average True Range was 0.48.
During the past 100 days, Ardmore Shipping Corp’s (ASC) raw stochastic average was set at 6.92%, which indicates a significant decrease from 27.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.19% in the past 14 days, which was higher than the 33.74% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.85, while its 200-day Moving Average is $18.10. However, in the short run, Ardmore Shipping Corp’s stock first resistance to watch stands at $12.59. Second resistance stands at $12.82. The third major resistance level sits at $13.18. If the price goes on to break the first support level at $12.00, it is likely to go to the next support level at $11.64. Now, if the price goes above the second support level, the third support stands at $11.41.
Ardmore Shipping Corp (NYSE: ASC) Key Stats
The company with the Market Capitalisation of 517.16 million has total of 41,842K Shares Outstanding. Its annual sales at the moment are 395,980 K in contrast with the sum of 116,810 K annual income. Company’s last quarter sales were recorded 96,120 K and last quarter income was 24,140 K.
