Stock To Watch: Ardmore Shipping Corporation (NYSE:ASC)


The leading market experts have placed a mean price target of $10.46 on Ardmore Shipping Corporation (NYSE:ASC) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.28 a share for the upcoming quarter and $0.77 for the current fiscal.

Technical View

The technical analysis of Ardmore Shipping Corporation Co plainly substantiates that the 50-day moving average of Ardmore Shipping Corporation Co is $7.47, and stock is trading $-0.38 points away or -5.13% from its 50-day moving average of $7.47. Further it is trading $-1.12 or -13.64% away its 200-day moving average of $8.21. Ardmore Shipping Corporation (NYSE:ASC) 52-week high is $15.03 and the 52-week low is $6.46.

This explains if the stock moves $-7.94, it will post a 52-week high. In event of +9.75% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Ardmore Shipping Corporation Co, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Ardmore Shipping Corporation (NYSE:ASC) ratio came in at 6.00.

The stock last ended the trading session at $7.09 and registered a market cap of $237.44M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Ardmore Shipping Corporation (NYSE:ASC) PEG ratio is at 0.92.

1 Chart Pattern Every Investor Should Know

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