Evaluating NYSE:ASC for Growth Investment Opportunities.

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.

• ARDMORE SHIPPING CORP has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 98.25% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• With consistent quarter-to-quarter (Q2Q) revenue growth of 31.98%, ARDMORE SHIPPING CORP exemplifies its ability to generate increased sales and revenue streams. This growth signifies the company's strong business performance and its potential for continued growth.
• Over the past 3 years, ARDMORE SHIPPING CORP has demonstrated 257.0% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
• ARDMORE SHIPPING CORP showcases a robust Return on Equity (ROE) of 22.4%, indicating its ability to generate favorable returns for shareholders. This metric underscores the company's efficiency in utilizing its equity capital to generate profits.
• ARDMORE SHIPPING CORP has exhibited strong Relative Strength(RS) in recent periods, with a current 81.05 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. ARDMORE SHIPPING CORP shows promising potential for continued price momentum.
• With a Debt-to-Equity ratio at 0.07, ARDMORE SHIPPING CORP showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
• With institutional shareholders at 73.86%, 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.

Technical Analysis Observations

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.

We assign a technical rating of 3 out of 10 to ASC. Although ASC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

• ASC is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry. ASC outperforms 87% of them.
• The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
• When comparing the yearly performance of all stocks, we notice that ASC is one of the better performing stocks in the market, outperforming 81% of all stocks. However, we also see that ASC couldn't keep up this performance in the last couple of months.
• ASC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ASC is lagging the market.

Check the latest full technical report of ASC for a complete technical analysis.

Zooming in on the fundamentals.

ChartMill assigns a proprietary Fundamental Rating to each stock. The score is computed daily by evaluating various fundamental indicators and properties. The score ranges from 0 to 10.

ASC gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 207 industry peers in the Oil, Gas & Consumable Fuels industry. ASC has an excellent financial health rating, but there are some minor concerns on its profitability. ASC is valued quite cheap, but it does not seem to be growing. These ratings would make ASC suitable for value investing!

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

Our CANSLIM screen will find you more ideas suited for growth investing.

Disclaimer

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.