On Monday, Ardmore Shipping Corp (NYSE: ASC) opened higher 5.04% from the last session, before settling in for the closing price of $11.31. Price fluctuations for ASC have ranged from $10.86 to $23.44 over the past 52 weeks.
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Industrials Sector giant saw their annual sales surged by 22.60% over the last five years. Company’s average yearly earnings per share was noted 12.49% at the time writing. With a float of $39.54 million, this company’s outstanding shares have now reached $41.73 million.
The firm has a total of 834 workers. Let’s measure their productivity. 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 Activity
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 5.51%, 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) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.55 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 12.49% 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 3.26. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.18. Likewise, its price to free cash flow for the trailing twelve months is 5.58.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.56, a number that is poised to hit 0.39 in the next quarter and is forecasted to reach 1.72 in one year’s time.
Technical Analysis of Ardmore Shipping Corp (ASC)
Analysing the last 5-days average volume posted by the [Ardmore Shipping Corp, ASC], we can find that recorded value of 0.83 million was better than the volume posted last year of 0.68 million. As of the previous 9 days, the stock’s Stochastic %D was 56.23%. Additionally, its Average True Range was 0.44.
During the past 100 days, Ardmore Shipping Corp’s (ASC) raw stochastic average was set at 10.91%, which indicates a significant decrease from 82.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.77% in the past 14 days, which was higher than the 33.05% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.94, while its 200-day Moving Average is $17.57. Now, the first resistance to watch is $12.08. This is followed by the second major resistance level at $12.28. The third major resistance level sits at $12.67. If the price goes on to break the first support level at $11.49, it is likely to go to the next support level at $11.10. Should the price break the second support level, the third support level stands at $10.90.
Ardmore Shipping Corp (NYSE: ASC) Key Stats
There are currently 41,842K shares outstanding in the company with a market cap of 497.96 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 96,120 K and its income totaled 24,140 K.
