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This is to seal it as Ardmore Shipping Corporation (ASC) shares are up 320.06% from its 52-week low

At the end of the latest market close, Ardmore Shipping Corporation (ASC) was valued at $13.84. In that particular session, Stock kicked-off at the price of $13.73 while reaching the peak value of $13.80 and lowest value recorded on the day was $12.95. The stock current value is $12.98.Recently in News on January 23, 2023, Ardmore Shipping to Host 2023 Investor Day in New York. Company to provide a comprehensive update on product and chemical tanker markets, the impacts of evolving sanctions and regulatory regimes that are reshaping global energy flows, and Ardmore’s strategy for maximizing value. 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 $14.57 on 01/17/23, with the lowest value was $12.95 for the same time period, recorded on 01/23/23.

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Ardmore Shipping Corporation (ASC) full year performance was 289.79%

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 -20.47% during the 52-week period from high price, and 320.06% 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 $16.32.

The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 979402 for the day, which was evidently higher, 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 -9.92%, having the revenues showcasing 13.56% 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 517.64M, as it employees total of 47 workers.

Analysts verdict 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 12.52, with a change in the price was noted +3.02. In a similar fashion, Ardmore Shipping Corporation posted a movement of +30.32% for the period of last 100 days, recording 761,896 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.

Ardmore Shipping Corporation (ASC): Technical Analysis

Raw Stochastic average of Ardmore Shipping Corporation in the period of last 50 days is set at 0.89%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 1.47%. In the last 20 days, the company’s Stochastic %K was 21.83% and its Stochastic %D was recorded 28.13%.

Let’s take a glance in the erstwhile performances of Ardmore Shipping Corporation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -9.92%. Additionally, trading for the stock in the period of the last six months notably improved by 65.77%, alongside a boost of 289.79% for the period of the last 12 months. The shares increased approximately by -7.94% in the 7-day charts and went up by -14.27% in the period of the last 30 days. Common stock shares were driven by 13.56% during last recorded quarter.

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