Relative Strength Rating of Ardmore Shipping Upgraded to 83 from 79
May 25, 2023
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Ardmore Shipping ($NYSE:ASC) is a publicly-traded, global shipping and offshore services provider, primarily operating Product and Chemical tankers. On Monday, the company’s Relative Strength Rating was upgraded to an impressive 83 from 79, making it an especially attractive stock to consider for investors looking for a solid opportunity. This Relative Strength Rating is a measurement of a stock’s performance in relation to the market over the course of the last year. A stock with a higher rating is typically seen as a better buy and watch than a stock with a lower rating, making Ardmore Shipping an appealing option.
The upgraded rating is indicative of the stock’s strong performance in recent months. This makes it an attractive stock for those looking to take advantage of the company’s growth. Furthermore, as the shipping industry continues to rebound from its pandemic-induced slump, Ardmore Shipping stands to benefit greatly, making it an especially valuable investment opportunity.
Market Price
On Monday, ARDMORE SHIPPING stock opened at $12.9 and closed at $12.8, down by 0.9% from last closing price of 12.9. This decreased the value of the stock, however it was a positive sign for long-term investors as the relative strength rating of Ardmore Shipping was upgraded to 83 from 79 by S&P Global Market Intelligence. The upgrade indicates that the company is likely to outperform its peers in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ardmore Shipping. More…
| Total Revenues | Net Income | Net Margin |
| 500.61 | 186.16 | 37.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ardmore Shipping. More…
| Operations | Investing | Financing |
| 186.7 | 29.51 | -216.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ardmore Shipping. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 708.38 | 176.97 | 12.96 |
Key Ratios Snapshot
Some of the financial key ratios for Ardmore Shipping are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 29.0% | 103.8% | 41.3% |
| FCF Margin | ROE | ROA |
| 36.0% | 24.9% | 18.2% |
Analysis
At GoodWhale, we have conducted an analysis of the fundamentals of ARDMORE SHIPPING. Our Risk Rating indicates that this is a low risk investment from both the financial and business perspectives. However, we have identified one risk warning in the income sheet. To find out more about this warning, become a registered user with GoodWhale. More…
Peers
The Company owns and operates a fleet of product and crude tankers. Its product tankers haul refined petroleum products, such as gasoline, jet fuel, naphtha, and heating oil. The Company’s crude tankers haul crude oil from the oil-producing regions to the refineries. It has a diversified newbuilding program, which includes fourteen LR2 product tankers, four LR1 product tankers, one MR crude tanker and one LR2 crude tanker. The Company has operations in North America, Europe and Asia.
– Concordia Maritime AB ($LTS:0H0N)
Concordia Maritime AB is a Swedish tanker shipping company. The company’s operations are focused on the transportation of petroleum products and chemicals. As of 2022, Concordia Maritime AB had a market capitalization of 413.34 million and a return on equity of -74.14%.
– TOP Ships Inc ($NASDAQ:TOPS)
TOPS Ships Inc. is a US-based company that provides maritime transportation services. It owns and operates a fleet of product and chemical tankers. The company has a market capitalization of $11.52 million and a return on equity of 11.7%.
– KSS Line Ltd ($KOSE:044450)
KSS Line Ltd is a publicly traded company with a market capitalization of 217.63 billion as of 2022. The company has a return on equity of 12.17%. KSS Line Ltd is engaged in the business of providing maritime transportation services. The company operates a fleet of vessels that provide transportation of crude oil, petroleum products, and other commodities.
Summary
Investors should take note of Ardmore Shipping, which has seen its Relative Strength Rating upgraded from 79 to 83. This denotes a strong performance in comparison to other stocks and is an indication that the company is likely to see further gains in the future. Investors should look into the company’s fundamentals to gain further insight into whether they should invest in this stock. Such factors as financial strength, management, competitive advantage, market positioning, and growth prospects should all be considered when making investment decisions.
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