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NVDA   198.02 (+2.48%)
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AMD   75.16 (+0.33%)
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MU   62.80 (+2.05%)
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DIS   109.70 (+1.46%)
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PYPL   80.81 (+2.16%)
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MSFT   248.00 (+3.07%)
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BABA   120.57 (+0.27%)
AMD   75.16 (+0.33%)
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MU   62.80 (+2.05%)
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CGC   2.76 (+0.00%)
GE   81.14 (+0.43%)
DIS   109.70 (+1.46%)
AMC   5.28 (-0.94%)
PFE   44.25 (-1.82%)
PYPL   80.81 (+2.16%)
NFLX   364.87 (-0.84%)
QQQ   293.34 (+1.95%)
AAPL   143.96 (+1.48%)
MSFT   248.00 (+3.07%)
META   147.30 (+4.10%)
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BABA   120.57 (+0.27%)
AMD   75.16 (+0.33%)
T   20.00 (-2.06%)
MU   62.80 (+2.05%)
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GE   81.14 (+0.43%)
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PFE   44.25 (-1.82%)
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NYSE:ASC

Ardmore Shipping - ASC Stock Forecast, Price & News

$13.41
-0.31 (-2.26%)
(As of 01/26/2023 05:35 PM ET)
Add
Compare
Today's Range
$13.02
$13.84
50-Day Range
$12.98
$16.00
52-Week Range
$3.29
$16.32
Volume
594,736 shs
Average Volume
764,520 shs
Market Capitalization
$536.19 million
P/E Ratio
7.25
Dividend Yield
N/A
Price Target
$12.17

Ardmore Shipping MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
8.7% Downside
$12.17 Price Target
Short Interest
Bearish
6.79% of Float Sold Short
Dividend Strength
N/A
Sustainability
-6.65
Upright™ Environmental Score
News Sentiment
0.91mentions of Ardmore Shipping in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-32.63%
From $3.80 to $2.56 Per Share

Overall MarketRank

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

1.44 out of 5 stars

Transportation Sector

110th out of 122 stocks

Deep Sea Foreign Transportation Of Freight Industry

29th out of 29 stocks


ASC stock logo

About Ardmore Shipping (NYSE:ASC) Stock

Ardmore 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.

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ASC Stock News Headlines

Ardmore Shipping (NYSE:ASC) Shares Up 4.7%
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Ardmore Shipping to Host 2023 Investor Day in New York
Ardmore Shipping Is Sailing With The Wind At Its Back
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Ardmore Shipping to initiate a quarterly dividend
Ardmore Shipping Initiates New Quarterly Dividend Policy
Ardmore Shipping: Amazing Business Prospects
See More Headlines
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ASC Company Calendar

Last Earnings
11/02/2022
Today
1/26/2023
Next Earnings (Estimated)
2/21/2023
Fiscal Year End
12/31/2023

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
$12.17
High Stock Price Forecast
$17.00
Low Stock Price Forecast
$8.50
Forecasted Upside/Downside
-9.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$-36,830,000.00
Pretax Margin
21.07%

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
$536.19 million
Optionable
Optionable
Beta
0.55

Key Executives

  • Anthony Gurnee
    President, Chief Executive Officer & Director
  • Mark Cameron
    Chief Operating Officer & Executive Vice President
  • Bart B. Kelleher
    Chief Financial Officer
  • Suraj Batra
    Technical Manager
  • Gernot Ruppelt
    Chief Commercial Officer & Senior Vice President













ASC Stock - Frequently Asked Questions

Should I buy or sell Ardmore Shipping stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last year. There are currently 4 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 2023?

4 Wall Street analysts have issued 12 month price targets for Ardmore Shipping's stock. 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 year. This suggests that the stock has a possible downside of 7.8%.
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 at the beginning of the year. Since then, ASC stock has decreased by 8.5% and is now trading at $13.19.
View the best growth stocks for 2023 here
.

Are investors shorting Ardmore Shipping?

Ardmore Shipping saw a increase in short interest during 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 presently 2.3 days. Currently, 6.3% of the company's shares 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 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 the consensus estimate of $86.49 million. Ardmore Shipping had a trailing twelve-month return on equity of 24.78% and a net margin of 20.97%.

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 institutional and retail 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 $13.19.

How much money does Ardmore Shipping make?

Ardmore Shipping (NYSE:ASC) has a market capitalization of $527.39 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 1/26/2023 by MarketBeat.com Staff