Ardmore Shipping Corporation (ASC): Multiple analysts giving recommendations


Ardmore Shipping Corporation (NYSE:ASC) changes shares on Tuesday trading session, with a change of 1.00% or $0.04 shares. The trading starts at $4.00 and closed at $4.01 throughout the day. The trading session low price was $3.97 and day high was $4.1372 on Tuesday, August 04. After the session, the Energy sector daily volume shifted to 0.22 million while its average volume is 408.37K. In other hand, the ASC market cap reached to $140.01M. While, its current target price is $6.87.

On May 2, 2018, BRIEF-Ardmore Shipping Quarterly Loss Per Share $0.16. According to the news reported on Reuters, * ANNOUNCES FINANCIAL RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2018

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -9.60% and down -19.16% for month. Its quarterly performance was -32.84% below, while its half year performance is down -32.39%. ASC yearly performance stood at negative -38.26% and fall -55.25% for year-to-date. Current recommendation for Ardmore Shipping Corporation is 2.20.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ASC EPS (TTM) for 12-month is 0.49. EPS for this year is 47.20%, while for the next year its value is 0.45. Sales growth for the current quarter is 0.19 while its EPS Q/Q reached 235.60%. It has an EPS of -65.00% down for past five years and for the next five years will be up 42.64%.

On the other hand, target price ranges from $4.40 – $8.00. Average target price for ASC was reached at $6.64.

Aristotle Capital Boston, LLC, Russell Investments Group, Ltd. and Dimensional Fund Advisors LP are the top three holders in Ardmore Shipping Corporation (ASC) stock. On Mar 30, 2020, Aristotle Capital Boston, LLC has 3.45 million shares which valued 18.13 million. On Mar 30, 2020, Russell Investments Group, Ltd. owned 3.02 million shares which valued at 15.86 million. On Mar 30, 2020, Dimensional Fund Advisors LP has a total of 2.16 million shares which valued at 11.33 million. In the end, Dimensional Fund Advisors LP have 6.50% shares outstanding of Ardmore Shipping Corporation (ASC) on Mar 30, 2020.

The company posted an EPS (TTM) of 0.49. According to the most recent quarter report on (Sep 2020), 6 analysts estimated an average EPS of -0.08, while -0.17 EPS posted a year ago period. Analyst Estimated EPS for ASC published in the report was -$0.22 – $0.28 during the same period. Comparing with last year, the average estimated EPS was -0.17 which is lower than 0.41 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ASC fall -34.85% for period of 200 days. SMA for 50 days was -14.44% which is showing red signal, while SMA-20 was -3.55%. The moving average value for Ardmore Shipping Corporation (ASC) is 5.2296 and 4.3366 for 200 and 50 days respectively.