NYSE:ASC Ardmore Shipping - ASC Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Ardmore Shipping Co. Please log in to your account or sign up in order to add this asset to your watchlist. $13.41 -0.31 (-2.26%) (As of 01/26/2023 12:00 AM ET) Add Compare Share Share Today's Range$13.02▼$13.8450-Day Range$12.98▼$16.0052-Week Range$3.29▼$16.32Volume594,731 shsAverage Volume764,520 shsMarket Capitalization$536.19 millionP/E Ratio7.25Dividend YieldN/APrice Target$12.17 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Ardmore Shipping MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside9.3% Downside$12.17 Price TargetShort InterestBearish6.79% of Float Sold ShortDividend StrengthN/ASustainability-6.65Upright™ Environmental ScoreNews Sentiment0.87Based on 7 Articles This WeekInsider TradingN/AProj. Earnings Growth-32.63%From $3.80 to $2.56 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.49 out of 5 starsTransportation Sector110th out of 122 stocksDeep Sea Foreign Transportation Of Freight Industry29th out of 29 stocks 1.5 Analyst's Opinion Consensus RatingArdmore Shipping has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $12.17, Ardmore Shipping has a forecasted downside of 9.3% from its current price of $13.41.Amount of Analyst CoverageArdmore Shipping has only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted6.79% of the float of Ardmore Shipping has been sold short.Short Interest Ratio / Days to CoverArdmore Shipping has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ardmore Shipping has recently increased by 7.14%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldArdmore Shipping does not currently pay a dividend.Dividend GrowthArdmore Shipping does not have a long track record of dividend growth. Previous Next 0.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreArdmore Shipping has received a -78.74% net impact score from Upright. The largest negative impact of Ardmore Shipping in category "GHG emissions" seems to be driven mostly by its "Diesel ship freight transport services for the oil industry", "Diesel ship freight transport services", and "Diesel ship freight transport services for the chemicals industry" products. See details.Environmental SustainabilityThe Environmental Impact score for Ardmore Shipping is -6.65. Previous Next 3.8 News and Social Media Coverage News SentimentArdmore Shipping has a news sentiment score of 0.87. 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 0.57 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Ardmore Shipping this week, compared to 2 articles on an average week.Search Interest19 people have searched for ASC on MarketBeat in the last 30 days. This is an increase of 6% compared to the previous 30 days.MarketBeat Follows13 people have added Ardmore Shipping to their MarketBeat watchlist in the last 30 days. This is an increase of 44% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Ardmore Shipping insiders have not sold or bought any company stock.Percentage Held by Institutions64.35% of the stock of Ardmore Shipping is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Ardmore Shipping are expected to decrease by -32.63% in the coming year, from $3.80 to $2.56 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ardmore Shipping is 7.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.52.Price to Earnings Ratio vs. SectorThe P/E ratio of Ardmore Shipping is 7.25, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 24.36.Price to Book Value per Share RatioArdmore Shipping has a P/B Ratio of 1.52. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Ardmore Shipping (NYSE:ASC) StockArdmore Shipping Corp. engages in the provision of seaborne transportation of petroleum products and chemicals worldwide. It also owns and operates a fleet of tankers. The company was founded by Anthony Gurnee on April 15, 2010 and is headquartered in Pembroke, Bermuda.Read More 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 HeadlinesJanuary 26, 2023 | americanbankingnews.comArdmore Shipping (NYSE:ASC) Shares Up 4.7%January 25, 2023 | finance.yahoo.comArdmore Shipping (ASC) Moves 5.6% Higher: Will This Strength Last?January 27, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…January 24, 2023 | finance.yahoo.comArdmore Shipping (NYSE:ASC) Might Have The Makings Of A Multi-BaggerJanuary 24, 2023 | finance.yahoo.comThese 2 Transportation Stocks Could Beat Earnings: Why They Should Be on Your RadarJanuary 23, 2023 | finance.yahoo.comCan Ardmore Shipping (ASC) Keep the Earnings Surprise Streak Alive?January 23, 2023 | finance.yahoo.comArdmore Shipping to Host 2023 Investor Day in New YorkJanuary 16, 2023 | seekingalpha.comArdmore Shipping Is Sailing With The Wind At Its BackJanuary 27, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…December 30, 2022 | finance.yahoo.comArdmore Shipping Corporation (ASC) is Attracting Investor Attention: Here is What You Should KnowDecember 27, 2022 | finance.yahoo.comZacks.com featured highlights include Scorpio Tankers, eGain, Ardmore Shipping and KnowBe4December 22, 2022 | finance.yahoo.comImplied Volatility Surging for Ardmore Shipping (ASC) Stock OptionsDecember 21, 2022 | finance.yahoo.comZacks Investment Ideas feature highlights: CONSOL Energy, Ardmore Shipping and Hudson TechnologiesDecember 19, 2022 | msn.comArdmore Shipping Corporation (ASC) Is a Trending Stock: Facts to Know Before Betting on ItDecember 14, 2022 | finance.yahoo.comScorpio Tankers Inc. (STNG) Hit a 52 Week High, Can the Run Continue?December 6, 2022 | finance.yahoo.comInvestors Heavily Search Ardmore Shipping Corporation (ASC): Here is What You Need to KnowNovember 21, 2022 | finance.yahoo.comAre Investors Undervaluing Ardmore Shipping Corporation (NYSE:ASC) By 26%?November 9, 2022 | finance.yahoo.comArdmore Shipping (ASC) Is Up 8.34% in One Week: What You Should KnowNovember 4, 2022 | finance.yahoo.comIs Ardmore Shipping Corporation's (NYSE:ASC) Latest Stock Performance A Reflection Of Its Financial Health?November 4, 2022 | finance.yahoo.comZacks.com featured highlights include Ardmore Shipping, International Seaways, Employers Holdings, Old Second Bancorp and Vista EnergyNovember 3, 2022 | seekingalpha.comArdmore Shipping to initiate a quarterly dividendNovember 2, 2022 | seekingalpha.comArdmore Shipping Corporation (ASC) Q3 2022 Earnings Call TranscriptNovember 2, 2022 | finance.yahoo.comArdmore Shipping (ASC) Q3 Earnings and Revenues Top EstimatesNovember 2, 2022 | finance.yahoo.comArdmore Shipping Initiates New Quarterly Dividend PolicyNovember 2, 2022 | finance.yahoo.comArdmore Shipping Corporation Announces Financial Results For The Three and Nine Months Ended September 30, 2022October 31, 2022 | seekingalpha.comArdmore Shipping: Amazing Business ProspectsOctober 28, 2022 | finance.yahoo.comArdmore Shipping Announces Third Quarter 2022 Conference Call and WebcastSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Company Calendar Last Earnings11/02/2022Today1/26/2023Next Earnings (Estimated)2/21/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Deep sea foreign transportation of freight Sub-IndustryN/A SectorTransportation Current SymbolNYSE:ASC CUSIPN/A CIK1577437 Webardmoreshipping.com Phone(441) 405-7800FaxN/AEmployees1,047Year FoundedN/APrice Target and Rating Average Stock Price Forecast$12.17 High Stock Price Forecast$17.00 Low Stock Price Forecast$8.50 Forecasted Upside/Downside-9.3%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$1.85 Trailing P/E Ratio7.25 Forward P/E Ratio3.53 P/E GrowthN/ANet Income$-36,830,000.00 Net Margins20.97% Pretax Margin21.07% Return on Equity24.78% Return on Assets11.38% Debt Debt-to-Equity Ratio0.32 Current Ratio1.18 Quick Ratio1.03 Sales & Book Value Annual Sales$192.48 million Price / Sales2.79 Cash Flow$0.08 per share Price / Cash Flow162.50 Book Value$8.80 per share Price / Book1.52Miscellaneous Outstanding Shares39,984,000Free FloatN/AMarket Cap$536.19 million OptionableOptionable Beta0.55 Key ExecutivesAnthony GurneePresident, Chief Executive Officer & DirectorMark CameronChief Operating Officer & Executive Vice PresidentBart B. KelleherChief Financial OfficerSuraj BatraTechnical ManagerGernot RuppeltChief Commercial Officer & Senior Vice PresidentKey CompetitorsTeekayNYSE:TKGlobal Ship LeaseNYSE:GSLEnetiNYSE:NETISafe BulkersNYSE:SBGenco Shipping & TradingNYSE:GNKView All CompetitorsInsiders & InstitutionsSequoia Financial Advisors LLCBought 17,261 shares on 1/18/2023Ownership: 0.043%MinichMacGregor Wealth Management LLCBought 1,986 shares on 1/9/2023Ownership: 0.005%Bank of New York Mellon CorpBought 9,881 shares on 12/8/2022Ownership: 0.232%California State Teachers Retirement SystemSold 1,147 shares on 11/21/2022Ownership: 0.034%Jane Street Group LLCBought 21,015 shares on 11/16/2022Ownership: 0.053%View All Institutional Transactions ASC Stock - Frequently Asked Questions Should I buy or sell Ardmore Shipping stock right now? 4 Wall Street 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 analysts is that investors should "buy" ASC shares. View ASC analyst ratings or view top-rated stocks. What is Ardmore Shipping's stock price forecast for 2023? 4 Wall Street 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 expect the company's share price to reach $12.17 in the next twelve months. This suggests that the stock has a possible downside of 9.3%. View analysts price targets for ASC or view top-rated stocks among Wall Street analysts. How have ASC shares performed in 2023? Ardmore Shipping's stock was trading at $14.41 on January 1st, 2023. Since then, ASC shares have decreased by 6.9% and is now trading at $13.41. View the best growth stocks for 2023 here. Are investors shorting Ardmore Shipping? Ardmore Shipping saw a increase in short interest in 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 short-interest ratio is currently 2.3 days. Currently, 6.3% of the shares of the company are sold short. View Ardmore Shipping's Short Interest. When is Ardmore Shipping's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023. View our ASC earnings forecast. How were Ardmore Shipping's earnings last quarter? Ardmore Shipping Co. (NYSE:ASC) released its earnings results on Wednesday, November, 2nd. The shipping company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.14. The shipping company had revenue of $96.45 million for the quarter, compared to analysts' expectations of $86.49 million. Ardmore Shipping had a net margin of 20.97% and a trailing twelve-month return on equity of 24.78%. What is Nick Beighton's approval rating as Ardmore Shipping's CEO? 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. 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." Who are Ardmore Shipping's major shareholders? Ardmore Shipping's stock is owned by a number of retail and institutional investors. Top institutional investors include Sequoia Financial Advisors LLC (0.04%) and MinichMacGregor Wealth Management LLC (0.00%). 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 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 $13.41. How much money does Ardmore Shipping make? Ardmore Shipping (NYSE:ASC) has a market capitalization of $536.19 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. How many employees does Ardmore Shipping have? The company 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 the company 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 1/27/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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