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S&P 500   4,210.24
DOW   33,309.51
QQQ   325.93
The How And Why of Investing in Oil Stocks
Sell every Stock except ONE (Ad)
The How and Why of Investing in Gold Stocks
Workhorse Group Is Ready To Get Back On The Horse 
A Rounded Bottom In Draftkings, Inc Begins To Reverse Course
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
Trump says he took the Fifth in NY civil investigation
Closing prices for crude oil, gold and other commodities
Wall Street roars after inflation cools more than expected
Will This Be the Worst U.S. Crisis Ever? (Ad)
S&P 500   4,210.24
DOW   33,309.51
QQQ   325.93
The How And Why of Investing in Oil Stocks
Sell every Stock except ONE (Ad)
The How and Why of Investing in Gold Stocks
Workhorse Group Is Ready To Get Back On The Horse 
A Rounded Bottom In Draftkings, Inc Begins To Reverse Course
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
Trump says he took the Fifth in NY civil investigation
Closing prices for crude oil, gold and other commodities
Wall Street roars after inflation cools more than expected
Will This Be the Worst U.S. Crisis Ever? (Ad)
S&P 500   4,210.24
DOW   33,309.51
QQQ   325.93
The How And Why of Investing in Oil Stocks
Sell every Stock except ONE (Ad)
The How and Why of Investing in Gold Stocks
Workhorse Group Is Ready To Get Back On The Horse 
A Rounded Bottom In Draftkings, Inc Begins To Reverse Course
Biden & Bill Gates Igniting $40 Trillion Heist? (Ad)
Trump says he took the Fifth in NY civil investigation
Closing prices for crude oil, gold and other commodities
Wall Street roars after inflation cools more than expected
Will This Be the Worst U.S. Crisis Ever? (Ad)
NYSE:ASC

Ardmore Shipping - ASC Stock Forecast, Price & News

$9.35
+0.02 (+0.21%)
(As of 08/10/2022 12:00 AM ET)
Add
Compare
Today's Range
$8.77
$9.45
50-Day Range
$6.48
$9.35
52-Week Range
$3.07
$9.45
Volume
1.26 million shs
Average Volume
486,936 shs
Market Capitalization
$323.27 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.53

Ardmore Shipping MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
19.4% Downside
$7.53 Price Target
Short Interest
Healthy
3.88% of Float Sold Short
Dividend Strength
N/A
Sustainability
-6.65
Upright™ Environmental Score
News Sentiment
0.47mentions of Ardmore Shipping in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-57.68%
From $2.41 to $1.02 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.30 out of 5 stars

Transportation Sector

121st out of 125 stocks

Deep Sea Foreign Transportation Of Freight Industry

30th out of 31 stocks

ASC stock 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.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Ardmore Shipping in a report on Wednesday, July 20th. They issued a "buy" rating and a $10.00 price target on the stock. Clarkson Capital reiterated a "buy" rating on shares of Ardmore Shipping in a report on Tuesday, June 14th. TheStreet upgraded shares of Ardmore Shipping from a "d+" rating to a "c-" rating in a report on Wednesday, April 27th. StockNews.com upgraded shares of Ardmore Shipping from a "hold" rating to a "buy" rating in a report on Friday, July 29th. Finally, HC Wainwright increased their price target on shares of Ardmore Shipping from $5.50 to $8.50 and gave the stock a "buy" rating in a report on Friday, April 22nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Ardmore Shipping currently has an average rating of "Moderate Buy" and an average target price of $7.53.

Ardmore Shipping Stock Performance

Ardmore Shipping stock traded down $0.07 during mid-day trading on Wednesday, hitting $9.26. The company had a trading volume of 25,180 shares, compared to its average volume of 481,793. The company has a current ratio of 2.54, a quick ratio of 2.25 and a debt-to-equity ratio of 0.87. Ardmore Shipping has a 12-month low of $3.07 and a 12-month high of $9.33. The company's fifty day moving average is $7.65 and its 200-day moving average is $5.98. The company has a market capitalization of $320.16 million, a price-to-earnings ratio of -233.19 and a beta of 0.36.

Ardmore Shipping (NYSE:ASC - Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The shipping company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.62 by $0.19. Ardmore Shipping had a return on equity of 2.52% and a net margin of 0.92%. During the same period last year, the firm posted ($0.23) EPS. Equities research analysts predict that Ardmore Shipping will post 2.41 EPS for the current year.

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ASC Stock News Headlines

Ardmore Shipping (NYSE:ASC) Raised to "Buy" at StockNews.com
Best Momentum Stocks to Buy for July 21st
See More Headlines
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ASC Company Calendar

Last Earnings
7/27/2022
Today
8/10/2022
Next Earnings (Estimated)
11/09/2022
Fiscal Year End
12/31/2022

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

Price Target and Rating

Average Stock Price Forecast
$7.53
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$4.10
Forecasted Upside/Downside
-19.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$-36,830,000.00
Pretax Margin
1.01%

Debt

Sales & Book Value

Annual Sales
$192.48 million
Cash Flow
$0.09 per share
Book Value
$8.80 per share

Miscellaneous

Free Float
N/A
Market Cap
$323.27 million
Optionable
Optionable
Beta
0.36

Key Executives

  • Mr. Anthony Gurnee CFA (Age 62)
    Founder, Pres, CEO & Director
  • Mr. Paul Tivnan (Age 42)
    Sr. VP, CFO, Treasurer & Sec.
  • Mr. Mark Cameron (Age 56)
    Exec. VP & COO
  • 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 (Age 41)
    Sr. VP & Chief Commercial Officer
  • Ms. Holly S. Cummings
    Head of Commercial (West) Americas
  • Ashish Malik
    Managing Director of Anglo Ardmore Joint Venture













ASC Stock - 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" ASC shares.
View ASC analyst ratings
or view top-rated stocks.

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

5 brokerages have issued 12 month target prices for Ardmore Shipping's stock. Their ASC share price forecasts range from $4.10 to $10.00. On average, they predict the company's share price to reach $7.53 in the next twelve months. This suggests that the stock has a possible downside of 19.4%.
View analysts price targets for ASC
or view top-rated stocks among Wall Street analysts.

How have ASC shares performed in 2022?

Ardmore Shipping's stock was trading at $3.38 at the beginning of the year. Since then, ASC stock has increased by 176.6% and is now trading at $9.35.
View the best growth stocks for 2022 here
.

Are investors shorting Ardmore Shipping?

Ardmore Shipping saw a increase in short interest in June. As of June 30th, there was short interest totaling 1,080,000 shares, an increase of 148.4% from the June 15th total of 434,800 shares. Based on an average trading volume of 739,100 shares, the short-interest ratio is presently 1.5 days. Approximately 3.3% of the shares of the company are short sold.
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 Wednesday, November 9th 2022.
View our ASC earnings forecast
.

How were Ardmore Shipping's earnings last quarter?

Ardmore Shipping Co. (NYSE:ASC) posted its quarterly earnings data on Wednesday, July, 27th. The shipping company reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.19. Ardmore Shipping had a trailing twelve-month return on equity of 2.52% and a net margin of 0.92%. During the same quarter in the prior year, the business posted ($0.23) earnings per share.

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 many different institutional and retail investors. Top institutional shareholders include Private Management Group Inc. (7.53%), Royce & Associates LP (3.93%), Russell Investments Group Ltd. (1.35%), WealthTrust Axiom LLC (0.82%), Walleye Capital LLC (0.50%) and Connor Clark & Lunn Investment Management Ltd. (0.41%).
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 $9.35.

How much money does Ardmore Shipping make?

Ardmore Shipping (NYSE:ASC) has a market capitalization of $323.27 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 ($0.04) 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 8/11/2022 by MarketBeat.com Staff

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