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Low tanker rates and high costs are likely to have affected ASC's fourth-quarter 2024 performance.
Ardmore Shipping (ASC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the latest trading session, Ardmore Shipping (ASC) closed at $11.67, marking a -1.68% move from the previous day.
Ardmore Shipping (ASC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The Company will present an overview of its strategy and capital allocation framework, along with an in-depth update on key developments and the outlook for the product and chemical tanker market. The February 13, 2025, event will also include the Company's presentation of 4Q 2024 financial results.
ASC's current valuation is superior to its industry peer group, trading at 75% of NAV. I project modest earnings improvement from the Q4 forecast provided during the Q3 conference call as a result of improved day rates during the month of December. The company continues to drive its cash breakeven lower, but management needs to provide an investible longer-term picture for shareholders.
In the latest trading session, Ardmore Shipping (ASC) closed at $11.12, marking a +0.45% move from the previous day.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Ardmore Shipping (ASC) concluded the recent trading session at $11.41, signifying no movement from its prior day's close.
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