NYSE:ASC Ardmore Shipping (ASC) Stock Price, News & Analysis → Pentagon contract could send this $2 AI stock soaring (From Behind the Markets) (Ad) Free ASC Stock Alerts $16.37 +0.05 (+0.31%) (As of 04/24/2024 ET) Add Compare Share Share Today's Range$16.25▼$16.4850-Day Range$15.59▼$16.9452-Week Range$11.59▼$17.05Volume334,511 shsAverage Volume638,529 shsMarket Capitalization$665.11 millionP/E Ratio6.00Dividend Yield5.13%Price Target$21.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Ardmore Shipping alerts: Email Address Ardmore Shipping MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside28.8% Upside$21.00 Price TargetShort InterestHealthy2.42% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-6.65Upright™ Environmental ScoreNews Sentiment0.75Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth-36.84%From $2.66 to $1.68 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.53 out of 5 starsTransportation Sector18th out of 111 stocksDeep Sea Foreign Transportation Of Freight Industry3rd out of 26 stocks 3.5 Analyst's Opinion Consensus RatingArdmore Shipping has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageArdmore Shipping has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.42% of the outstanding shares of Ardmore Shipping have been sold short.Short Interest Ratio / Days to CoverArdmore Shipping has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ardmore Shipping has recently decreased by 8.01%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipArdmore Shipping is a leading dividend payer. It pays a dividend yield of 5.24%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthArdmore Shipping has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Ardmore Shipping is 30.77%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Ardmore Shipping will have a dividend payout ratio of 50.00% next year. This indicates that Ardmore Shipping will be able to sustain or increase its dividend. Previous Next 0.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreArdmore Shipping has received a -78.74% net impact score from Upright. The largest negative impact of Ardmore Shipping in category "GHG emissions" seems to be driven mostly by its "Diesel ship freight transport services for the oil industry", "Diesel ship freight transport services", and "Diesel ship freight transport services for the chemicals industry" products. See details.Environmental SustainabilityThe Environmental Impact score for Ardmore Shipping is -6.65. Previous Next 2.6 News and Social Media Coverage News SentimentArdmore Shipping has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.42 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Ardmore Shipping this week, compared to 2 articles on an average week.Search InterestOnly 13 people have searched for ASC on MarketBeat in the last 30 days. This is a decrease of -19% compared to the previous 30 days.MarketBeat FollowsOnly 10 people have added Ardmore Shipping to their MarketBeat watchlist in the last 30 days. This is a decrease of -38% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Ardmore Shipping insiders have not sold or bought any company stock.Percentage Held by Institutions62.22% of the stock of Ardmore Shipping is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Ardmore Shipping are expected to decrease by -36.84% in the coming year, from $2.66 to $1.68 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ardmore Shipping is 5.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.93.Price to Earnings Ratio vs. SectorThe P/E ratio of Ardmore Shipping is 5.97, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 15.82.Price to Book Value per Share RatioArdmore Shipping has a P/B Ratio of 1.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the MarketsPentagon contract could send this $2 AI stock soaringWhenever the Department of Defense awards a major AI contract... Early investors could see dramatic returns virtually overnight. That's how my readers were able to cash in gains like 133% in just four months on C3.ai...Get all the info here >>> About Ardmore Shipping Stock (NYSE:ASC)Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. The company's fleet consists of 22 owned vessels including 21 Eco-design and 1 Eco-mod vessel, and four chartered-in vessels. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. Ardmore Shipping Corporation was founded in 2010 and is headquartered in Pembroke, Bermuda.Read More ASC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ASC Stock News HeadlinesApril 24, 2024 | prnewswire.comArdmore Shipping Announces First Quarter 2024 Conference Call and WebcastApril 23, 2024 | investorplace.com3 Oil Stocks to Buy Before the Middle East SparkApril 24, 2024 | Behind the Markets (Ad)Pentagon contract could send this $2 AI stock soaringWhenever the Department of Defense awards a major AI contract... Early investors could see dramatic returns virtually overnight. That's how my readers were able to cash in gains like 133% in just four months on C3.ai...April 21, 2024 | americanbankingnews.comArdmore Shipping (NYSE:ASC) PT Raised to $22.00 at Stifel NicolausApril 19, 2024 | americanbankingnews.comArdmore Shipping (NYSE:ASC) Stock Rating Lowered by StockNews.comApril 14, 2024 | finance.yahoo.comAre Investors Undervaluing Ardmore Shipping Corporation (NYSE:ASC) By 50%?April 2, 2024 | finance.yahoo.comArdmore Shipping (ASC) Dips More Than Broader Market: What You Should KnowMarch 15, 2024 | prnewswire.comArdmore Shipping Files 2023 Annual Report on Form 20-FApril 24, 2024 | Behind the Markets (Ad)Pentagon contract could send this $2 AI stock soaringWhenever the Department of Defense awards a major AI contract... Early investors could see dramatic returns virtually overnight. That's how my readers were able to cash in gains like 133% in just four months on C3.ai...March 11, 2024 | msn.comPOLICE: Birmingham man steals car, robs Ardmore Burger KingMarch 8, 2024 | finance.yahoo.comIs Ardmore Shipping Corporation's (NYSE:ASC) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?March 8, 2024 | investing.comU.S. Representative Virginia Foxx Just Reported a Purchase of $ASC stockFebruary 29, 2024 | uk.finance.yahoo.comArdmore Shipping Corporation (ASC)February 24, 2024 | msn.comArdmore Shipping (ASC) Price Target Increased by 8.60% to 20.60February 23, 2024 | seekingalpha.comArdmore Shipping: Lackluster Shareholders Returns, Better Value Elsewhere (Rating Downgrade)February 21, 2024 | seekingalpha.comArdmore Shipping: Solid Q4, But Q1 Will Be Even BetterFebruary 18, 2024 | finance.yahoo.comINSW Sep 2024 70.000 putFebruary 17, 2024 | money.usnews.comArdmore Shipping CorpFebruary 17, 2024 | finance.yahoo.comArdmore Shipping Full Year 2023 Earnings: Revenues Beat Expectations, EPS In LineFebruary 16, 2024 | markets.businessinsider.comStifel Nicolaus Keeps Their Buy Rating on Ardmore Shipping (ASC)February 16, 2024 | msn.comArdmore Shipping declares $0.21 dividendFebruary 16, 2024 | finance.yahoo.comArdmore Shipping Corporation (NYSE:ASC) Q4 2024 Earnings Call TranscriptFebruary 15, 2024 | finance.yahoo.comArdmore Shipping (ASC) Q4 Earnings and Revenues Surpass EstimatesFebruary 15, 2024 | seekingalpha.comArdmore Shipping Corporation 2023 Q4 - Results - Earnings Call PresentationFebruary 15, 2024 | finance.yahoo.comArdmore Shipping Corporation Announces Financial Results For The Three and Twelve Months Ended December 31, 2023February 15, 2024 | prnewswire.comArdmore Shipping Corporation Announces Financial Results For The Three and Twelve Months Ended December 31, 2023February 14, 2024 | benzinga.comA Preview Of Ardmore Shipping's EarningsSee More Headlines Receive ASC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ardmore Shipping and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/15/2024Ex-Dividend for 3/15 Dividend2/28/2024Dividend Payable3/15/2024Today4/24/2024Next Earnings (Estimated)5/14/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorTransportation Industry Deep sea foreign transportation of freight Sub-IndustryN/A Current SymbolNYSE:ASC CUSIPN/A CIK1577437 Webardmoreshipping.com Phone(441) 405-7800FaxN/AEmployees56Year Founded2010Price Target and Rating Average Stock Price Target$21.00 High Stock Price Target$22.00 Low Stock Price Target$20.00 Potential Upside/Downside+28.4%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$2.73 Trailing P/E Ratio5.99 Forward P/E Ratio6.15 P/E GrowthN/ANet Income$116.81 million Net Margins29.50% Pretax Margin29.87% Return on Equity22.76% Return on Assets16.80% Debt Debt-to-Equity Ratio0.15 Current Ratio3.75 Quick Ratio3.38 Sales & Book Value Annual Sales$395.98 million Price / Sales1.68 Cash Flow$3.57 per share Price / Cash Flow4.58 Book Value$12.60 per share Price / Book1.30Miscellaneous Outstanding Shares40,630,000Free FloatN/AMarket Cap$664.30 million OptionableOptionable Beta0.38 Social Links 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Get This Free Report Key ExecutivesMr. Anthony Gurnee CFA (Age 64)Founder, President, CEO & Director Mr. Bart B. Kelleher (Age 48)Secretary & CFO Mr. Mark Cameron (Age 58)Executive VP & COO Mr. Barry O'NeillDirector of AccountingKey CompetitorsTeekayNYSE:TKEagle Bulk ShippingNASDAQ:EGLETsakos Energy NavigationNYSE:TNPSafe BulkersNYSE:SBGlobal Ship LeaseNYSE:GSLView All CompetitorsInstitutional OwnershipSimplicity Wealth LLCBought 21,036 shares on 4/24/2024Ownership: 0.052%Norden Group LLCBought 10,108 shares on 4/19/2024Ownership: 0.025%Sunbelt Securities Inc.Bought 3,266 shares on 4/15/2024Ownership: 0.008%Wellington Management Group LLPBought 134,233 shares on 3/5/2024Ownership: 1.715%Virtu Financial LLCBought 15,033 shares on 2/26/2024Ownership: 0.037%View All Institutional Transactions ASC Stock Analysis - Frequently Asked Questions Should I buy or sell Ardmore Shipping stock right now? 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ardmore Shipping in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ASC shares. View ASC analyst ratings or view top-rated stocks. What is Ardmore Shipping's stock price target for 2024? 2 Wall Street analysts have issued 12 month price targets for Ardmore Shipping's stock. Their ASC share price targets range from $20.00 to $22.00. On average, they predict the company's stock price to reach $21.00 in the next twelve months. This suggests a possible upside of 28.8% from the stock's current price. View analysts price targets for ASC or view top-rated stocks among Wall Street analysts. How have ASC shares performed in 2024? Ardmore Shipping's stock was trading at $14.09 on January 1st, 2024. Since then, ASC shares have increased by 15.8% and is now trading at $16.31. View the best growth stocks for 2024 here. Are investors shorting Ardmore Shipping? Ardmore Shipping saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 984,300 shares, a drop of 8.0% from the March 15th total of 1,070,000 shares. Based on an average trading volume of 661,800 shares, the days-to-cover ratio is currently 1.5 days. View Ardmore Shipping's Short Interest. When is Ardmore Shipping's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our ASC earnings forecast. How were Ardmore Shipping's earnings last quarter? Ardmore Shipping Co. (NYSE:ASC) announced its earnings results on Thursday, February, 15th. The shipping company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The shipping company earned $98.80 million during the quarter, compared to the consensus estimate of $64.26 million. Ardmore Shipping had a trailing twelve-month return on equity of 22.76% and a net margin of 29.50%. Ardmore Shipping's revenue was down 25.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.33 EPS. How often does Ardmore Shipping pay dividends? What is the dividend yield for Ardmore Shipping? Ardmore Shipping announced a quarterly dividend on Thursday, February 15th. Stockholders of record on Thursday, February 29th will be paid a dividend of $0.21 per share on Friday, March 15th. This represents a $0.84 annualized dividend and a dividend yield of 5.15%. The ex-dividend date is Wednesday, February 28th. This is a positive change from the stock's previous quarterly dividend of $0.16. Read our dividend analysis for ASC. Is Ardmore Shipping a good dividend stock? Ardmore Shipping (NYSE:ASC) pays an annual dividend of $0.84 per share and currently has a dividend yield of 5.24%. ASC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ASC will have a dividend payout ratio of 50.00% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ASC. What ETFs hold Ardmore Shipping's stock? ETFs with the largest weight of Ardmore Shipping (NYSE:ASC) stock in their portfolio include SonicShares Global Shipping ETF (BOAT).Invesco Russell 2000 Dynamic Multifactor ETF (OMFS). What is Nick Beighton's approval rating as Ardmore Shipping's CEO? 415 employees have rated Ardmore Shipping Chief Executive Officer Nick Beighton on Glassdoor.com. Nick Beighton has an approval rating of 55% among the company's employees. This puts Nick Beighton in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Ardmore Shipping own? Based on aggregate information from My MarketBeat watchlists, some companies that other Ardmore Shipping investors own include Petra Diamonds (PDL), General Electric (GE), Intelsat (I), AT&T (T), Scorpio Tankers (STNG), AMC Entertainment (AMC), Energy Transfer (ET), Advanced Micro Devices (AMD), Zynga (ZNGA) and Bank of America (BAC). Who are Ardmore Shipping's major shareholders? Ardmore Shipping's stock is owned by a number of institutional and retail investors. Top institutional investors include Simplicity Wealth LLC (0.05%), Norden Group LLC (0.02%) and Sunbelt Securities Inc. (0.01%). View institutional ownership trends. How do I buy shares of Ardmore Shipping? Shares of ASC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:ASC) was last updated on 4/24/2024 by MarketBeat.com Staff From Our PartnersDid You Get Your Free Bitcoin Yet?Crypto Swap Profitstop AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)Traders AgencyBitcoin Rockets To Record High But Buy THIS InsteadParadigm PressDon’t Miss Out on the AI Gold Rush That’s Just Getting StartedBanyan Hill PublishingExposed: 10 CENT Crypto to Explode April 20th?True Market InsidersThe #1 Crypto for 2024InvestorPlaceFed launches fourth dollar overhaulStansberry ResearchNew Trump BombshellThe Freeport Society Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Ardmore Shipping Co. Please log in to your account or sign up in order to add this asset to your watchlist. 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