Let’s start up with the current stock price of Ardmore Shipping Corporation (ASC), which is $14.47 to be very precise. The Stock rose vividly during the last session to $15.23 after opening rate of $15.03 while the lowest price it went was recorded $14.44 before closing at $15.15.Recently in News on November 2, 2022, Ardmore Shipping Corporation Announces Financial Results For The Three and Nine Months Ended September 30, 2022. Ardmore Shipping Corporation (NYSE: ASC) (“Ardmore”, the “Company” or “we”) today announced results for the three and nine months ended September 30, 2022. You can read further details here
Ardmore Shipping Corporation had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $15.34 on 11/22/22, with the lowest value was $3.09 for the same time period, recorded on 01/24/22.
Ardmore Shipping Corporation (ASC) full year performance was 275.84%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Ardmore Shipping Corporation shares are logging -5.67% during the 52-week period from high price, and 368.28% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $3.09 and $15.34.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 704106 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Ardmore Shipping Corporation (ASC) recorded performance in the market was 328.11%, having the revenues showcasing 48.87% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 553.48M, as it employees total of 47 workers.
Specialists analysis on Ardmore Shipping Corporation (ASC)
During the last month, 3 analysts gave the Ardmore Shipping Corporation a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 10.24, with a change in the price was noted +7.54. In a similar fashion, Ardmore Shipping Corporation posted a movement of +108.80% for the period of last 100 days, recording 727,035 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ASC is recording 0.55 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.32.
Trends and Technical analysis: Ardmore Shipping Corporation (ASC)
Raw Stochastic average of Ardmore Shipping Corporation in the period of last 50 days is set at 86.81%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 71.30%. In the last 20 days, the company’s Stochastic %K was 87.72% and its Stochastic %D was recorded 93.29%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 328.11%. Additionally, trading for the stock in the period of the last six months notably improved by 85.75%, alongside a boost of 275.84% for the period of the last 12 months. The shares increased approximately by 5.16% in the 7-day charts and went down by 15.48% in the period of the last 30 days. Common stock shares were driven by 48.87% during last recorded quarter.