Should you consider NYSE:ASC for growth investing?

In this article we will dive into ARDMORE SHIPPING CORP (NYSE:ASC) as a possible candidate for growth investing. Investors should always do their own research, but we noticed ARDMORE SHIPPING CORP showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

What matters for canslim investors.

• The quarterly earnings of ARDMORE SHIPPING CORP have shown a 98.25% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• The q2q revenue growth of 31.98% of ARDMORE SHIPPING CORP highlights the company's ability to generate incremental revenue and suggests positive market demand for its products or services.
• The 3-year EPS growth of ARDMORE SHIPPING CORP (257.0%) highlights the company's ability to consistently improve its earnings performance and suggests a positive outlook for future profitability.
• In terms of Return on Equity(ROE), ARDMORE SHIPPING CORP is performing well, achieving a 22.4% ratio. This highlights the company's effective allocation of shareholder investments and signifies its commitment to maximizing returns.
• The Relative Strength (RS) of ARDMORE SHIPPING CORP has consistently been strong, with a current 92.5 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. ARDMORE SHIPPING CORP demonstrates promising potential for sustained price momentum.
• Maintaining a Debt-to-Equity ratio of 0.07, ARDMORE SHIPPING CORP demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
• With institutional shareholders at 66.14%, ARDMORE SHIPPING CORP demonstrates a healthy ownership distribution. This reflects a mix of institutional and individual investors, creating a market environment that may foster increased trading activity and price discovery.

What is the technical picture of NYSE:ASC telling us.

ChartMill assigns a Technical Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple technical indicators and properties.

Overall ASC gets a technical rating of 7 out of 10. In the last year, ASC was one of the better performers, but we do observe some doubts in the very recent evolution.

• The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
• Looking at the yearly performance, ASC did better than 92% of all other stocks. We also observe that the gains produced by ASC over the past year are nicely spread over this period.
• ASC is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 95% of 209 stocks in the same industry.
• ASC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ASC is lagging the market slightly.

Our latest full technical report of ASC contains the most current technical analsysis.

What is the full fundamental picture of NYSE:ASC telling us.

ChartMill assigns a Fundamental Rating to every stock. This score ranges from 0 to 10 and is updated daily. The score is determined by evaluating multiple fundamental indicators and properties.

We assign a fundamental rating of 6 out of 10 to ASC. ASC was compared to 209 industry peers in the Oil, Gas & Consumable Fuels industry. While ASC has a great health rating, its profitability is only average at the moment. ASC is valued quite cheap, but it does not seem to be growing. These ratings could make ASC a good candidate for value investing.

For an up to date full fundamental analysis you can check the fundamental report of ASC

More ideas for growth investing can be found on ChartMill in our CANSLIM screen.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.