With 1.06 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.61 million shares. During the session, the Marine Shipping company that operates in wider Industrials sector, reached to the highest price of $22.38 whereas the lowest price it dropped to was $21.55. The 52-week range on ASC shows that it touched its highest point at $21.96 and its lowest point at $11.59 during that stretch. It currently has a 1-year price target of $22.17. With its current market cap of 925.70 million, ASC has annualized dividend of $0.91 while the current yield stands at 4.08%. ASC paid its most recent dividend on 1709078400, while the ex-dividend date for that was 1717113600. Beta for the stock currently stands at 0.42.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ASC was up-trending over the past week, with a rise of 9.59%, but this was up by 40.10% over a month. Three-month performance surged to 37.08% while six-month performance rose 70.94%. The stock gained 75.51% in the past year, while it has gained 58.20% so far this year. A look at the trailing 12-month EPS for ASC yields 2.60 with Next year EPS estimates of 2.79. For the next quarter, that number is 0.92. This implies an EPS growth rate of 32.48% for this year and -22.24% for next year.
Float and Shares Shorts:
At present, 41.30 million ASC shares are outstanding with a float of 37.19 million shares on hand for trading. On 2024-04-30, short shares totaled 0.88 million, which was 210.0 higher than short shares on 1711584000. In addition to Mr. Anthony Gurnee CFA as the firm’s Founder, President, CEO & Director, Mr. Bart B. Kelleher serves as its Secretary & CFO.
Institutional Ownership:
Through their ownership of 0.65092003 of ASC’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, ASC reported revenue of $106301000.0 and operating income of $41527000.0. The EBITDA in the recently reported quarter was $49046000.0 and diluted EPS was $0.92.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ASC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
