How Is Ardmore Shipping Corporation (ASC)’s Price-To-Earnings Ratio?


At the last check on Friday, Ardmore Shipping Corporation’s (NYSE:ASC) stock was up $0.89, moving up 6.15 percent to $15.36. The average number of shares traded per day over the past five days has been 757,216 shares. 4 times new highs have been achieved over the past 5 days, with a $1.44 gain in that time frame. In the last twenty days, the average volume was 812,769, while in the previous 50 days, it was 747,240.

Since last month, ASC stock rose 15.48%. Shares of the company fell to $12.27 on 10/26/22, the lowest level in the past month. A 52-week high of $15.34 was reached on 11/25/22 after having rallying from a 52-week low of $3.09. Since the beginning of this year, ASC’s stock price has risen by 328.11% or $12.04, and marked a new high 60 times. However, the stock has increased by 0.14% since its 52-week high.

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Valuation Metrics

Right now, Ardmore Shipping Corporation (ASC) has a P/E ratio of about 7.80. The stock’s beta is 0.53. Besides these, the trailing price-to-sales (P/S) ratio of 1.51, the price-to-book (PB) ratio of 1.35, and the price-to-cash flow ratio of 8.81 may also be considered.

The latest dividend of $0.05 per share was paid out, which is -54.55% less than last year’s $0.11.

Financial Health

In the three months ended June 29, Ardmore Shipping Corporation’s quick ratio stood at 1.00, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.32, and the total debt-to-equity ratio was 0.55. On the profitability front, the trailing twelve-month gross margin is 45.20% percent. In the year ended June 29, operating margins totaled 28.00%. Based on annual data, ASC earned $36.14 million in gross profit and brought in $192.48 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -3.00%. Return on equity (ROE) for the past 12 months was 22.00%.

In Ardmore Shipping Corporation’s quarter-end financial report for June 29, it reported total debt of $0.13 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Ardmore Shipping Corporation to report $0.68 quarterly earnings, the actual figure was $0.81 per share, beating the consensus estimate by 19.10%. During the quarter, the company generated $72.94 million in EBITDA. The liabilities of Ardmore Shipping Corporation were 303.82 million at the end of its most recent quarter ended June 29, and its total debt was $336.4 million.

Technical Picture

This quick technical analysis looks at Ardmore Shipping Corporation’s (ASC) price momentum. With a historical volatility rate of 50.36%, the RSI 9-day stood at 70.23% on 23 November.

With respect to its five-day moving average, the current Ardmore Shipping Corporation price is up by +10.30% percent or $1.44. At present, ASC shares trade +19.91% above its 20-day simple moving average and +137.96% percent above its 100-day simple moving average. However, the stock is currently trading approximately +54.20% above its SMA50 and +327.15% above its SMA200.

Stochastic coefficient K was 69.83% and Stochastic coefficient D was 73.53%, while ATR was 0.75. Given the Stochastic reading of 93.10% for the 14-day period, the RSI (14) reading has been calculated as 69.79%. As of today, the MACD Oscillator reading stands at 0.57, while the 14-day reading stands at 0.84.

Analyst Ratings

Jefferies launched its rating on Ardmore Shipping Corporation (NYSE: ASC) to a Buy in a note to investors on July 21, 2022. Ardmore Shipping Corporation (ASC) has been rated Buy by analysts. According to 0 brokerage firms, ASC is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Ardmore Shipping Corporation stock as buy, with 4 recommending it as overweight.

With a median target price of $16.00, the current consensus forecast for the stock is $14.00 – $18.00. Based on these forecasts, analysts predict Ardmore Shipping Corporation (ASC) will achieve an average price target of $16.00.


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