Ardmore Shipping - ASC Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ASC shares.
View ASC analyst ratings or view top-rated stocks.

4 equities research analysts have issued 12 month target prices for Ardmore Shipping's shares. Their ASC share price forecasts range from $8.50 to $17.00. On average, they predict the company's share price to reach $12.17 in the next twelve months. This suggests that the stock has a possible downside of 12.5%.
View analysts price targets for ASC or view top-rated stocks among Wall Street analysts.

Ardmore Shipping's stock was trading at $14.41 at the beginning of 2023. Since then, ASC shares have decreased by 3.5% and is now trading at $13.91.
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Ardmore Shipping saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 1,820,000 shares, an increase of 49.2% from the December 15th total of 1,220,000 shares. Based on an average trading volume of 776,700 shares, the days-to-cover ratio is currently 2.3 days. Approximately 6.3% of the company's shares are sold short.
View Ardmore Shipping's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
View our ASC earnings forecast.

Ardmore Shipping Co. (NYSE:ASC) released its quarterly earnings results on Wednesday, November, 2nd. The shipping company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.14. The shipping company earned $96.45 million during the quarter, compared to analyst estimates of $86.49 million. Ardmore Shipping had a trailing twelve-month return on equity of 24.78% and a net margin of 20.97%.

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

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).

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

Ardmore Shipping's stock is owned by a number of institutional and retail investors. Top institutional investors include Sequoia Financial Advisors LLC (0.04%) and MinichMacGregor Wealth Management LLC (0.00%).
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Shares of ASC stock 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.
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One share of ASC stock can currently be purchased for approximately $13.91.

Ardmore Shipping (NYSE:ASC) has a market capitalization of $556.18 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 $1.85 on an earnings per share basis.

The company employs 1,047 workers across the globe.

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