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ASC
Stock ticker: NASDAQ
AS OF
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Capitalization
555.88M

ASC ARDMORE SHIPPING Corp Forecast, Technical & Fundamental Analysis

a provider of seaborne transportation of petroleum products and chemicals

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for ASC with price predictions
07:00 PM EST Dec 07, 2023

ASC's RSI Oscillator recovers from overbought zone

The 10-day RSI Oscillator for ASC moved out of overbought territory on December 04, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 39 instances where the indicator moved out of the overbought zone. In of the 39 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 63 cases where ASC's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on December 08, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ASC as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ASC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

ASC broke above its upper Bollinger Band on December 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for ASC just turned positive on November 24, 2023. Looking at past instances where ASC's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

ASC moved above its 50-day moving average on November 17, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ASC advanced for three days, in of 301 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 248 cases where ASC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.075) is normal, around the industry mean (1.000). P/E Ratio (3.971) is within average values for comparable stocks, (8.677). ASC's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (0.374). Dividend Yield (0.074) settles around the average of (0.154) among similar stocks. P/S Ratio (1.314) is also within normal values, averaging (1.476).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 66, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ASC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Nordic American Tanker (NASDAQ:NAT).

Industry description

The marine shipping industry provides passenger transportation or cargo shipping services via waterways. This industry includes freight towage, ferry services and warehousing on deep-sea and inland waterways. The aviation sector may have reduced the popularity of sea travel for several passengers, but it is still in demand for short trips and pleasure cruises. Teekay Offshore Partners L.P. Cum Red Perp Pfd., Kirby Corporation and Seaspan Corporation are some of the well-known names in the business.

Market Cap

The average market capitalization across the Marine Shipping Industry is 4.41B. The market cap for tickers in the group ranges from 1.87K to 40.18B. HPGLY holds the highest valuation in this group at 40.18B. The lowest valued company is PRGNF at 1.87K.

High and low price notable news

The average weekly price growth across all stocks in the Marine Shipping Industry was -1%. For the same Industry, the average monthly price growth was 8%, and the average quarterly price growth was 12%. GTMAY experienced the highest price growth at 77%, while DLPTF experienced the biggest fall at -22%.

Volume

The average weekly volume growth across all stocks in the Marine Shipping Industry was -50%. For the same stocks of the Industry, the average monthly volume growth was -10% and the average quarterly volume growth was -29%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 28
P/E Growth Rating: 55
Price Growth Rating: 48
SMR Rating: 55
Profit Risk Rating: 65
Seasonality Score: 21 (-100 ... +100)
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A.I. Advisor
published Earnings

ASC is expected to report earnings to rise 36.35% to 66 cents per share on February 07

ARDMORE SHIPPING Corp ASC Stock Earnings Reports
Q4'23
Est.
$0.67
Q3'23
Beat
by $0.05
Q2'23
Missed
by $0.02
Q1'23
Missed
by $0.07
Q4'22
Beat
by $0.06
The last earnings report on November 07 showed earnings per share of 49 cents, beating the estimate of 43 cents. With 331.58K shares outstanding, the current market capitalization sits at 555.88M.
A.I.Advisor
published Dividends

ASC is expected to pay dividends on December 15, 2023

ARDMORE SHIPPING Corp ASC Stock Dividends
A dividend of $0.16 per share will be paid with a record date of December 15, 2023, and an ex-dividend date of November 29, 2023. The last dividend of $0.35 was paid on June 15. Read more...
A.I. Advisor
published General Information

General Information

a provider of seaborne transportation of petroleum products and chemicals

Industry MarineShipping

Profile
Fundamentals
Details
Industry
Marine Shipping
Address
69 Pitts Bay Road
Phone
+1 441 405-7800
Employees
991
Web
https://www.ardmoreshipping.com
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ASC and

Correlation & Price change

A.I.dvisor indicates that over the last year, ASC has been loosely correlated with NAT. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if ASC jumps, then NAT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ASC
1D Price
Change %
ASC100%
+0.59%
NAT - ASC
63%
Loosely correlated
-1.28%
SFL - ASC
54%
Loosely correlated
+1.55%
NMM - ASC
49%
Loosely correlated
+0.39%
GNK - ASC
48%
Loosely correlated
+0.99%
EGLE - ASC
43%
Loosely correlated
+1.77%
More

Groups containing ASC

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ASC
1D Price
Change %
ASC100%
+0.59%
seaborne
(undefined stocks)
74%
Closely correlated
-0.06%
marine
(undefined stocks)
66%
Loosely correlated
+0.70%
petroleum products
(undefined stocks)
44%
Loosely correlated
+1.31%
chemicals
(undefined stocks)
40%
Loosely correlated
-0.01%
north america
(undefined stocks)
39%
Loosely correlated
+0.30%
More