Section 1: Company Fundamentals

1.1 Company Overview and Performance summary

Company Overview:

Ardmore Shipping Corporation (NYSE: ASC) is engaged in the ownership and operation of products and chemical tankers in worldwide trade. The Company operates through one segment, which is transportation of refined petroleum products and chemicals. The Company provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size products and chemical tankers.

This US Inflation Report covers the Company Overview & Price performance, Summary table, Key positives & negatives, Key metrics, Company details, technical guidance & Stock recommendation, and Price chart.

Price Performance:

• ASC's share price has given a return of 10.07% in the past three months. Similarly, in the long term, the stock has given a return of 31.93% over the past nine months.
• The stock is currently trading near to the higher end of its 52-week range of USD 17.17 and 52-week low price of USD 11.59, with the expectations of an upside movement from the USD 16 support levels.
• The price is currently between its short-term (50-day) SMA and long-term (200-day) SMA, with the current RSI of around 50.01.

1.2 Summary Table

1.3 The Key Positives & Negatives

1.4 Key Metrics

In analyzing Ardmore Shipping Corporation's financial performance, it's evident that the company exhibits strong profitability metrics, with operating, pretax, and net margins all surpassing industry medians. This suggests efficient cost management and effective utilization of resources within ASC's operations. Moreover, the higher return on equity (ROE) indicates that ASC is generating greater returns for its shareholders compared to the industry average, reflecting effective capital deployment and operational efficiency.

Section 2: Ardmore Shipping Corp (“Buy” at the closing market price of USD 16.28, as of April 11, 2024)

2.1 Company Details

2.2 Technical Guidance and Stock Recommendation  

Markets are trading in a highly volatile zone currently due to certain macroeconomic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is April 11, 2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: The report publishing date is as per the Pacific Time Zone.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

 Resistance: A level at which the stocks prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

 Stop-loss: It is a level to protect against further losses in case of unfavorable movement in the stock prices.