Ardmore Shipping Corporation (NYSE: ASC) is engaged in the ownership and operation of product and chemical tankers in worldwide trade.

Recommendation Rationale – Sell at USD 13.04 

• ASC highlighted that, due to the rapidly changing and unpredictable geopolitical climate, the broader shipping industry has been witnessing uncertainty as to the future vessel demand, trade routes, rates and operating costs.
• The company is exposed to several risks and uncertainties, such as the changes in demand for and the supply of tanker vessel capacity, fluctuations of the oil prices, changes in general domestic and international political and trade conditions, such as tariffs, etc.
• The company’s share price has surpassed its R2 level recommended on July 2, 2025. Therefore, there can be a possible decline from the specified resistance levels.

ASC’s Daily Price Chart

 ASC Daily Technical Chart, Data Source: REFINITIV 

Fundamental Valuation

Considering the increasing volatility over global equity market, inflationary pressures, geopolitical tensions, etc. the company’s stock might trade at slight discount. For the valuation, peers such as International Seaways Inc, DHT Holdings Inc, etc.

Given its current trading levels, and risks associated, it is prudent to book profit at the current levels.

Hence, a ‘Sell’ rating has been provided on the stock at the closing price of USD 13.04 per share, up by 5.08% as on 15 September 2025. 

Ardmore Shipping Corporation (NYSE: ASC) is part of Kalkine’s Global Big Money Report. 

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

Note 1: Past performance is neither an indicator nor a guarantee of future performance. 

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 15 September 2025. 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: Kalkine reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice. 

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.  

Resistance: A level at which the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest. 

Stop-loss: In general, it is a level to protect further losses in case of any unfavourable movement in the stock prices.