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NYSE:ASC

Ardmore Shipping Stock Forecast, Price & News

$6.90
-0.07 (-1.00%)
(As of 07/5/2022 10:40 AM ET)
Add
Compare
Today's Range
$6.73
$6.90
50-Day Range
$5.61
$8.07
52-Week Range
$3.07
$8.24
Volume
2,604 shs
Average Volume
975,836 shs
Market Capitalization
$238.53 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.70

Ardmore Shipping MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
3.9% Downside
$6.70 Price Target
Short Interest
Healthy
1.32% of Float Sold Short
Dividend Strength
N/A
Sustainability
-6.65
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-58.43%
From $0.89 to $0.37 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

0.79 out of 5 stars

Transportation Sector

138th out of 176 stocks

Deep Sea Foreign Transportation Of Freight Industry

33rd out of 45 stocks

30 days | 90 days | 365 days | Advanced Chart

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Ardmore Shipping logo

About Ardmore Shipping (NYSE:ASC) Stock

Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. As of February 15, 2022, the company operated a fleet of 25 double-hulled product and chemical tankers. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. The company was founded in 2010 and is based in Pembroke, Bermuda.

ASC Stock News Headlines

Ardmore Shipping Misses Q1 EPS by 8c
Ardmore Shipping Earnings Preview
Ardmore Shipping Q1 2022 Earnings Preview
See More Headlines

Industry, Sector and Symbol

Industry
Deep sea foreign transportation of freight
Sub-Industry
N/A
Fax
N/A
Employees
1,047
Year Founded
N/A

Company Calendar

Last Earnings
5/04/2022
Today
7/05/2022
Next Earnings (Estimated)
7/26/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$6.70
High Stock Price Forecast
$8.50
Low Stock Price Forecast
$4.10
Forecasted Upside/Downside
-2.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.6
Research Coverage
5 Analysts

Profitability

Net Income
$-36,830,000.00
Pretax Margin
-16.71%

Debt

Sales & Book Value

Annual Sales
$192.48 million
Cash Flow
$0.08 per share
Book Value
$8.80 per share

Miscellaneous

Free Float
N/A
Market Cap
$238.53 million
Optionable
Optionable
Beta
0.28














Ardmore Shipping Frequently Asked Questions

Should I buy or sell Ardmore Shipping stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Ardmore Shipping stock.
View analyst ratings for Ardmore Shipping
or view top-rated stocks.

What is Ardmore Shipping's stock price forecast for 2022?

5 equities research analysts have issued 12-month price objectives for Ardmore Shipping's shares. Their ASC stock forecasts range from $4.10 to $8.50. On average, they predict Ardmore Shipping's share price to reach $6.70 in the next twelve months. This suggests that the stock has a possible downside of 2.9%.
View analysts' price targets for Ardmore Shipping
or view top-rated stocks among Wall Street analysts.

How has Ardmore Shipping's stock performed in 2022?

Ardmore Shipping's stock was trading at $3.38 on January 1st, 2022. Since then, ASC shares have increased by 104.1% and is now trading at $6.90.
View the best growth stocks for 2022 here
.

Are investors shorting Ardmore Shipping?

Ardmore Shipping saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 434,800 shares, an increase of 27.8% from the May 31st total of 340,200 shares. Based on an average trading volume of 705,700 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.3% of the shares of the stock are sold short.
View Ardmore Shipping's Short Interest
.

When is Ardmore Shipping's next earnings date?

Ardmore Shipping is scheduled to release its next quarterly earnings announcement on Tuesday, July 26th 2022.
View our earnings forecast for Ardmore Shipping
.

How were Ardmore Shipping's earnings last quarter?

Ardmore Shipping Co. (NYSE:ASC) posted its quarterly earnings results on Wednesday, May, 4th. The shipping company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.04. The shipping company had revenue of $36.29 million for the quarter, compared to analysts' expectations of $33.61 million. Ardmore Shipping had a negative net margin of 16.80% and a negative trailing twelve-month return on equity of 9.46%. During the same quarter in the prior year, the firm posted ($0.26) EPS.
View Ardmore Shipping's earnings history
.

Who are Ardmore Shipping's key executives?

Ardmore Shipping's management team includes the following people:
  • Mr. Anthony Gurnee CFA, Founder, Pres, CEO & Director (Age 62)
  • Mr. Paul Tivnan, Sr. VP, CFO, Treasurer & Sec. (Age 42)
  • Mr. Mark Cameron, Exec. VP & COO (Age 56)
  • Mr. Barry O'Neill, Director of Accounting
  • Suraj Batra, Technical Mang.
  • Ms. Aideen O'Driscoll, VP of Corp. Services
  • Nadia Mather, Director of Legal
  • Mr. Gernot Ruppelt, Sr. VP & Chief Commercial Officer (Age 41)
  • Ms. Holly S. Cummings, Head of Commercial (West) Americas
  • Ashish Malik, Managing Director of Anglo Ardmore Joint Venture

What is Nick Beighton's approval rating as Ardmore Shipping's CEO?

415 employees have rated Ardmore Shipping CEO Nick Beighton on Glassdoor.com. Nick Beighton has an approval rating of 55% among Ardmore Shipping's employees. This puts Nick Beighton in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Ardmore Shipping own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ardmore Shipping investors own include Petra Diamonds (PDL), General Electric (GE), Intelsat (I), AT&T (T), Scorpio Tankers (STNG), AMC Entertainment (AMC), Energy Transfer (ET), Advanced Micro Devices (AMD), Zynga (ZNGA) and Bank of America (BAC).

What is Ardmore Shipping's stock symbol?

Ardmore Shipping trades on the New York Stock Exchange (NYSE) under the ticker symbol "ASC."

How do I buy shares of Ardmore Shipping?

Shares of ASC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ardmore Shipping's stock price today?

One share of ASC stock can currently be purchased for approximately $6.90.

How much money does Ardmore Shipping make?

Ardmore Shipping (NYSE:ASC) has a market capitalization of $238.53 million and generates $192.48 million in revenue each year. The shipping company earns $-36,830,000.00 in net income (profit) each year or ($1.09) on an earnings per share basis.

How many employees does Ardmore Shipping have?

Ardmore Shipping employs 1,047 workers across the globe.

How can I contact Ardmore Shipping?

Ardmore Shipping's mailing address is Belvedere Building 69 Pitts Bay Road Ground Floor, Pembroke D0, HM08. The official website for Ardmore Shipping is ardmoreshipping.com. The shipping company can be reached via phone at (441) 405-7800 or via email at lberman@igbir.com.

This page (NYSE:ASC) was last updated on 7/5/2022 by MarketBeat.com Staff

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