ASC Stock Summary and Trading Ideas (Ardmore Shipping | NYSE:ASC)

Ardmore Shipping Corp provides seaborne transportation of petroleum products and chemicals world-wide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with its modern, fuel-efficient fleet of mid-size product and chemical tankers. The Company operates its business in one operating segment, the transportation of refined petroleum products and chemicals.

Ardmore Shipping trades on the NYSE stock market under the symbol ASC.

As of April 19, 2024, ASC stock price climbed to $15.88 with 442,488 million shares trading.

ASC has a beta of -0.20, meaning it tends to be less sensitive to market movements. ASC has a correlation of 0.01 to the broad based SPY ETF.

ASC has a market cap of $659.57 million. This is considered a Small Cap stock.

Last quarter Ardmore Shipping reported $99 million in Revenue and $.63 earnings per share. This beat revenue expectation by $25 million and exceeded earnings estimates by $.01.

In the last 3 years, ASC stock traded as high as $19.41 and as low as $3.07.

The top ETF exchange traded funds that ASC belongs to (by Net Assets): IWM, AVUV, IWN, DFAT, BSVO.

ASC has underperformed the market in the last year with a price return of -0.6% while the SPY ETF gained +21.2%. ASC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +3.9% and -4.9%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

ASC support price is $15.28 and resistance is $15.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ASC stock will trade within this expected range on the day.