What Are The Chances Of Ardmore Shipping Corp (NYSE: ASC) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

Stocks Info

As a NYSE listed company, ASC falls under the Industrials sector while operating within the Marine Shipping industry segment. The current market capitalization of Ardmore Shipping Corp is $502.62M. A total of 0.7 million shares were traded on the day, compared to an average of 817.68K shares.

In the most recent transaction, McWilliams Curtis B bought 5,000 shares of ASC for 17.80 per share on Sep 26 ’24. In a previous transaction on Sep 19 ’24, O’Driscoll Aideen Siobhan bought 12,063 shares at 17.56 per share.

Among the insiders who bought shares, Gurnee Anthony acquired of 159,611 shares on Sep 17 ’24 at a per-share price of $17.67. In another insider transaction, Gurnee Anthony bought 5,581 shares at $17.61 per share on Sep 16 ’24.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Ardmore Shipping Corp pays an annual dividend of $1.08, resulting in a dividend yield of 8.93%, and it has a price to earnings (P/E) ratio of 3.40. ASC’s most recent ex-dividend date was 8.3% when it declared a $0.18 quarterly dividend that was paid in cash on 11/29/2024. Previously, the company paid the dividend on 8/30/2024 with an ex-dividend date of 5.1%. The ASC stock dividend was $0.38 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, ASC has a high of $23.44 and a low of $10.86.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ASC’s latest balance sheet shows that the firm has $55.45M in Cash & Short Term Investments as of fiscal 2021. There were $372.55M in debt and $58.50M in liabilities at the time. Its Book Value Per Share was $15.03, while its Total Shareholder’s Equity was $329.00M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ASC is Buy with a score of 4.33.

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