NYSE:ASC Ardmore Shipping (ASC) Stock Price, News & Analysis $16.24 -0.32 (-1.93%) (As of 10/22/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About Ardmore Shipping Stock (NYSE:ASC) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Ardmore Shipping alerts:Sign Up Key Stats Today's Range$16.16▼$16.5850-Day Range$16.24▼$20.0152-Week Range$12.69▼$23.44Volume370,216 shsAverage Volume620,986 shsMarket Capitalization$659.58 millionP/E Ratio4.63Dividend Yield9.36%Price Target$24.67Consensus RatingModerate Buy Company OverviewArdmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. The company's fleet consists of 22 owned vessels including 21 Eco-design and 1 Eco-mod vessel, and four chartered-in vessels. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. Ardmore Shipping Corporation was founded in 2010 and is headquartered in Pembroke, Bermuda.Read More… Watch this before it gets removed (Ad)If you missed it, my emergency election broadcast is now available - but will be removed soonClick here to watch it now. Ardmore Shipping Stock Analysis - MarketRank™See Top Rated MarketRank™ Stocks81st Percentile Overall ScoreASC MarketRank™: Ardmore Shipping scored higher than 81% of companies evaluated by MarketBeat, and ranked 36th out of 121 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion3.4 / 5Analyst RatingModerate Buy Consensus RatingArdmore Shipping has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.Amount of Analyst CoverageArdmore Shipping has only been the subject of 3 research reports in the past 90 days.Read more about Ardmore Shipping's stock forecast and price target. Earnings and Valuation1.3 / 5Proj. Earnings Growth-39.31% Earnings GrowthEarnings for Ardmore Shipping are expected to decrease by -39.31% in the coming year, from $3.46 to $2.10 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ardmore Shipping is 4.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.46.Price to Earnings Ratio vs. SectorThe P/E ratio of Ardmore Shipping is 4.63, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 25.12.Price to Book Value per Share RatioArdmore Shipping has a P/B Ratio of 1.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Ardmore Shipping's valuation and earnings. Short Interest1.0 / 5Short Interest LevelBearish Percentage of Shares Shorted6.15% of the outstanding shares of Ardmore Shipping have been sold short.Short Interest Ratio / Days to CoverArdmore Shipping has a short interest ratio ("days to cover") of 4.8.Change versus previous monthShort interest in Ardmore Shipping has recently increased by 18.48%, indicating that investor sentiment is decreasing significantly. Dividend3.3 / 5Dividend StrengthStrong Dividend LeadershipArdmore Shipping is a leading dividend payer. It pays a dividend yield of 9.10%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthArdmore Shipping does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Ardmore Shipping is 58.24%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Ardmore Shipping will have a dividend payout ratio of 72.38% next year. This indicates that Ardmore Shipping will be able to sustain or increase its dividend.Read more about Ardmore Shipping's dividend. Sustainability and ESG0.4 / 5Environmental Score-6.65 Percentage of Shares Shorted6.15% of the outstanding shares of Ardmore Shipping have been sold short.Short Interest Ratio / Days to CoverArdmore Shipping has a short interest ratio ("days to cover") of 4.8.Change versus previous monthShort interest in Ardmore Shipping has recently increased by 18.48%, indicating that investor sentiment is decreasing significantly. News and Social Media2.3 / 5News Sentiment1.22 News SentimentArdmore Shipping has a news sentiment score of 1.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.45 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Ardmore Shipping this week, compared to 2 articles on an average week.Search InterestOnly 5 people have searched for ASC on MarketBeat in the last 30 days. This is a decrease of -64% compared to the previous 30 days.MarketBeat FollowsOnly 5 people have added Ardmore Shipping to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Company Ownership1.7 / 5Insider TradingN/A Insider Buying vs. Insider SellingIn the past three months, Ardmore Shipping insiders have not sold or bought any company stock.Percentage Held by Institutions62.22% of the stock of Ardmore Shipping is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Ardmore Shipping's insider trading history. Receive ASC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ardmore Shipping and its competitors with MarketBeat's FREE daily newsletter. Email Address ASC Stock News HeadlinesArdmore Shipping: Improving Financials, But Nothing Exciting (Rating Upgrade)October 16, 2024 | seekingalpha.comArdmore Shipping Corp (ASC) Q2 2024 Earnings Call Highlights: Strong Earnings and Strategic ...October 10, 2024 | finance.yahoo.comWatch this before it gets removed If you missed it, my emergency election broadcast is now available - but will be removed soonOctober 22, 2024 | Porter & Company (Ad)Ardmore Shipping (ASC) Stock Moves -0.06%: What You Should KnowOctober 2, 2024 | msn.comArdmore Shipping Corporation (ASC): Why Are Street Analysts Bullish on This Marine Shipping Stock?September 26, 2024 | finance.yahoo.comASC Oct 2024 5.000 callSeptember 21, 2024 | ca.finance.yahoo.comArdmore Shipping Corporation's (NYSE:ASC) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?September 19, 2024 | finance.yahoo.comArdmore Shipping Is A Triple Play Of Wide Operating Margins, Robust Dividends, And A Strong Balance SheetSeptember 10, 2024 | seekingalpha.comSee More Headlines ASC Stock Analysis - Frequently Asked Questions How have ASC shares performed this year? Ardmore Shipping's stock was trading at $14.09 on January 1st, 2024. Since then, ASC shares have increased by 15.2% and is now trading at $16.2350. View the best growth stocks for 2024 here. How were Ardmore Shipping's earnings last quarter? Ardmore Shipping Co. (NYSE:ASC) announced its earnings results on Wednesday, July, 31st. The shipping company reported $1.13 EPS for the quarter, beating the consensus estimate of $1.08 by $0.05. Ardmore Shipping's revenue was up 32.0% compared to the same quarter last year. Who are Ardmore Shipping's major shareholders? Top institutional shareholders of Ardmore Shipping include Glenorchy Capital Ltd (0.29%), Wedge Capital Management L L P NC (0.19%), Redhawk Wealth Advisors Inc. (0.12%) and Inspire Investing LLC (0.12%). View institutional ownership trends. How do I buy shares of Ardmore Shipping? Shares of ASC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Ardmore Shipping own? Based on aggregate information from My MarketBeat watchlists, some other companies that Ardmore Shipping investors own include NVIDIA (NVDA), Meta Platforms (META), Invesco QQQ (QQQ), Broadcom (AVGO), Advanced Micro Devices (AMD), Arista Networks (ANET) and ServiceNow (NOW). Company Calendar Last Earnings7/31/2024Ex-Dividend for 9/13 Dividend8/30/2024Dividend Payable9/13/2024Today10/22/2024Next Earnings (Estimated)11/05/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorTransportation Industry Deep sea foreign transportation of freight Sub-IndustryTransportation Current SymbolNYSE:ASC CUSIPN/A CIK1577437 Webardmoreshipping.com Phone(441) 405-7800FaxN/AEmployees990Year Founded2010Price Target and Rating Average Stock Price Target$24.67 High Stock Price Target$26.00 Low Stock Price Target$24.00 Potential Upside/Downside+52.5%Consensus RatingModerate Buy Rating Score (0-4)2.75 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$2.61 Trailing P/E Ratio4.61 Forward P/E Ratio4.67 P/E GrowthN/ANet Income$116.81 million Net Margins36.31% Pretax Margin36.43% Return on Equity24.26% Return on Assets19.25% Debt Debt-to-Equity Ratio0.07 Current Ratio3.50 Quick Ratio3.18 Sales & Book Value Annual Sales$413.44 million Price / Sales1.59 Cash Flow$3.22 per share Price / Cash Flow5.02 Book Value$12.60 per share Price / Book1.28Miscellaneous Outstanding Shares40,627,000Free FloatN/AMarket Cap$656.94 million OptionableOptionable Beta0.35 Social Links 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report This page (NYSE:ASC) was last updated on 10/22/2024 by MarketBeat.com Staff From Our PartnersMan who Predicted Trump 2016 Win: “Prepare for Election Meltdown”Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… ...Paradigm Press | SponsoredProtect Your Bank Account with THESE 4 Simple StepsStarting as soon as a few months from now, the United States government will make a sweeping change to bank ac...Weiss Ratings | SponsoredUnveiled: NVIDIA’s "Secret Royalty" ProgramDid you know that there's an investment that will give you the opportunity to collect "royalties" every time N...Behind the Markets | SponsoredElon knows the truth, which is why they want him silencedElon Musk is one of mankind’s greatest innovators. 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