A new trading day began on Tuesday, with Ardmore Shipping Corp (NYSE: ASC) stock price up 3.13% from the previous day of trading, before settling in for the closing price of $11.17. ASC’s price has ranged from $10.86 to $23.44 over the past 52 weeks.
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A company in the Industrials sector has jumped its sales by 22.60% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 12.71%. With a float of $39.54 million, this company’s outstanding shares have now reached $41.73 million.
In an organization with 834 employees, it is important to assess its efficiency. 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) Insider and Institutional Ownership
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 5.51%, while institutional ownership is 71.83%. 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) Latest Financial update
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
Here are Ardmore Shipping Corp’s current performance indicators. According to the last quarter’s results, the 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 1.14. Likewise, its price to free cash flow for the trailing twelve months is 5.40.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 0.99 million. That was better than the volume of 0.67 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 19.87%. Additionally, its Average True Range was 0.47.
During the past 100 days, Ardmore Shipping Corp’s (ASC) raw stochastic average was set at 5.57%, which indicates a significant decrease from 37.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.39% in the past 14 days, which was lower than the 33.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.79, while its 200-day Moving Average is $17.89. However, in the short run, Ardmore Shipping Corp’s stock first resistance to watch stands at $11.67. Second resistance stands at $11.82. The third major resistance level sits at $12.10. If the price goes on to break the first support level at $11.24, it is likely to go to the next support level at $10.96. The third support level lies at $10.81 if the price breaches the second support level.
Ardmore Shipping Corp (NYSE: ASC) Key Stats
With a market capitalization of 482.01 million, the company has a total of 41,842K Shares Outstanding. Currently, annual sales are 395,980 K while annual income is 116,810 K. The company’s previous quarter sales were 96,120 K while its latest quarter income was 24,140 K.
