Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Ardmore Shipping Corp Market Cap
From what 5 stock analysts predict, the share price for Ardmore Shipping Corp (ASC) might increase by 66.67% in the next year. This is based on a 12-month average estimation for ASC. Price targets go from $15 to $27. The majority of stock analysts believe ASC is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
ASC is a stock in Industrials which has been forecasted to be worth $18.6 as an average. On the higher end, the forecast price is $27 USD by from and on the lower end ASC is forecasted to be $15 by from JP Morgan.
These are the latest 20 analyst ratings of ASC.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Omar Nokta Jefferies | Buy | $17 | Maintains | Nov 14, 2024 |
| Benjamin Nolan Stifel | Hold | $17 | Downgrade | Oct 23, 2024 |
| Omar Nokta Jefferies | Buy | $24 | Maintains | Jul 31, 2024 |
| Benjamin Nolan Stifel | Buy | $24 | Maintains | Jul 24, 2024 |
| Jonathan Chappell Evercore ISI Group | Outperform | $26 | Maintains | Jul 23, 2024 |
| Omar Nokta Jefferies | Buy | $21 | Maintains | May 8, 2024 |
| Benjamin Nolan Stifel | Buy | $22 | Maintains | Apr 19, 2024 |
| Benjamin Nolan Stifel | Buy | $21 | Maintains | Feb 16, 2024 |
| Omar Nokta Jefferies | Buy | $20 | Reiterates | Feb 15, 2024 |
| Omar Nokta Jefferies | Buy | $18 | Reiterates | Aug 1, 2023 |
| Benjamin Nolan Stifel | Buy | $19 | Maintains | Jul 19, 2023 |
| Omar Nokta Jefferies | Buy | $17 | Maintains | May 9, 2023 |
| Benjamin Nolan Stifel | Buy | $24 | Maintains | Apr 25, 2023 |
| Omar Nokta Jefferies | Buy | $20 | Maintains | Feb 15, 2023 |
| Omar Nokta Jefferies | Buy | $17 | Maintains | Nov 29, 2022 |
| Omar Nokta Jefferies | Buy | $16 | Maintains | Nov 2, 2022 |
| Benjamin Nolan Stifel | Buy | $11 | Maintains | Oct 14, 2022 |
| Christopher Robertson Jefferies | Buy | $9 | Maintains | May 5, 2022 |
| Magnus Fyhr HC Wainwright & Co. | Buy | $8.5 | Maintains | Apr 22, 2022 |
HC Wainwright & Co. | Neutral | Initiates | Mar 29, 2021 |
When did it IPO
2013
Staff Count
56
Country
Bermuda
Sector/Industry
Industrials/Marine Shipping
CEO
Mr. Gernot Ruppelt
Market Cap
$468.8M
In 2023, ASC generated $396.0M in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that ASC's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Mon, 25 Nov 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Analyst recommendations from brokerage firms can significantly impact stock prices, influencing investor decisions on buying, selling, or holding shares.
Why It Matters - Analyst recommendations can significantly sway stock prices, impacting investor sentiment and trading decisions, ultimately affecting market trends and portfolio performance.
Fri, 22 Nov 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Ardmore Shipping (ASC) is attracting significant interest from Zacks.com users, indicating potential investor focus on the stock's future performance.
Why It Matters - Increased interest in Ardmore Shipping (ASC) may indicate potential stock volatility or investment opportunities, impacting market perception and trading strategies.
Tue, 19 Nov 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - Ardmore Shipping reported double-digit growth in Q3 revenue and EPS, improved TCE rates, and reduced debt from $97M to $23M, while maintaining consecutive dividend payouts.
Why It Matters - Ardmore Shipping's eco-friendly fleet and strong Q3 results signal growth potential, reduced debt enhances financial stability, and consistent dividends attract income-focused investors.
Tue, 19 Nov 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - Ardmore reported higher revenue, EBITDA, and EPS for Q3 2023. A $10,000 daily revenue increase could boost EPS by $2.25 and FCF by $100 million. It has $47.6M cash and $30M debt, with a debt-to-equity ratio of 8.1%.
Why It Matters - Ardmore's strong Q3 results, increased EPS potential, and robust cash position with low debt suggest financial stability and growth, attracting interest from investors seeking sound investments.
Fri, 15 Nov 2024
Sentiment - POSITIVE
Source - Benzinga
Summary - The energy sector has identified several oversold stocks, indicating potential buying opportunities for investors seeking undervalued companies.
Why It Matters - Oversold energy stocks indicate potential bargains, suggesting future price recovery and profit opportunities for investors looking to capitalize on undervalued assets.
Mon, 11 Nov 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Zacks.com users are showing increased interest in Ardmore Shipping (ASC), prompting a review of the stock's potential.
Why It Matters - Increased interest in Ardmore Shipping (ASC) could signal potential volatility or opportunities for growth, prompting investors to reassess their positions or strategies regarding the stock.
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