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Ardmore Shipping (ASC) Flat As Market Gains: What You Should Know
ZACKS· 2025-01-23 00:05
Core Viewpoint - Ardmore Shipping is facing a challenging financial outlook with expected declines in both EPS and revenue for the upcoming quarter, alongside a poor stock performance relative to its sector and the broader market [2][5]. Financial Performance - Ardmore Shipping's stock closed at $11.41, showing no change from the previous day, and underperformed compared to the S&P 500's gain of 0.61% [1] - The company is projected to report an EPS of $0.37, which represents a decline of 41.27% year-over-year [2] - Revenue is expected to be $53.93 million, down 17.93% from the prior-year quarter [2] Analyst Forecasts - Recent revisions to analyst forecasts for Ardmore Shipping should be monitored, as positive estimate revisions can indicate a favorable business outlook [3] - The Zacks Consensus EPS estimate has remained stagnant over the past month, indicating a lack of positive momentum [5] Valuation Metrics - Ardmore Shipping is currently trading at a Forward P/E ratio of 8.33, which is higher than the industry average of 7.39 [6] - The Transportation - Shipping industry, to which Ardmore Shipping belongs, has a Zacks Industry Rank of 249, placing it in the bottom 1% of over 250 industries [6][7] Zacks Rank System - Ardmore Shipping holds a Zacks Rank of 5 (Strong Sell), reflecting a negative outlook based on the company's performance and analyst estimates [5] - The Zacks Rank system has a historical track record of superior performance, with 1 stocks averaging an annual return of +25% since 1988 [5]
Ardmore Shipping (ASC) Rises But Trails Market: What Investors Should Know
ZACKS· 2025-01-15 23:55
Group 1 - Ardmore Shipping's stock closed at $13.23, reflecting a +1.22% change, underperforming compared to the S&P 500's gain of 1.83% [1] - Over the past month, Ardmore Shipping's shares have increased by 16.49%, contrasting with the Transportation sector's decline of 2.55% and the S&P 500's decline of 3.31% [1] Group 2 - Analysts expect Ardmore Shipping to report earnings of $0.37 per share, representing a year-over-year decline of 41.27% [2] - The revenue forecast for Ardmore Shipping is $53.93 million, indicating a 17.93% decline compared to the same quarter last year [2] Group 3 - Recent adjustments to analyst estimates for Ardmore Shipping indicate changing near-term business trends, with positive revisions suggesting optimism about the company's outlook [3] - The Zacks Rank system, which incorporates estimate changes, provides actionable ratings for stocks [4] Group 4 - Ardmore Shipping currently holds a Zacks Rank of 5 (Strong Sell), with the Zacks Consensus EPS estimate having decreased by 22.82% in the past month [5] - The company's Forward P/E ratio is 9.54, which is higher than the industry average Forward P/E of 8.03 [6] Group 5 - The Transportation - Shipping industry, to which Ardmore Shipping belongs, has a Zacks Industry Rank of 241, placing it in the bottom 4% of over 250 industries [6] - The Zacks Industry Rank assesses the performance of industry groups based on the average Zacks Rank of individual stocks [7]
Ardmore Shipping (ASC) Stock Drops Despite Market Gains: Important Facts to Note
ZACKS· 2025-01-09 23:55
Company Performance - Ardmore Shipping's stock closed at $12.56, reflecting a -1.64% change from the previous trading day, underperforming compared to the S&P 500's gain of 0.16% [1] - The stock has increased by 9.5% over the past month, outperforming the Transportation sector's decline of 5.71% and the S&P 500's loss of 2.7% [1] Upcoming Earnings - The company is expected to report an EPS of $0.37, which represents a 41.27% decrease from the same quarter last year [2] - Revenue is forecasted to be $53.93 million, indicating a 17.93% decline compared to the corresponding quarter of the prior year [2] Analyst Estimates - Recent changes to analyst estimates for Ardmore Shipping are significant, as they reflect the evolving business trends [3] - Positive changes in estimates typically indicate a favorable outlook on the company's business health and profitability [3] Zacks Rank and Valuation - The Zacks Rank system currently rates Ardmore Shipping at 5 (Strong Sell), with a 22.82% decrease in the consensus EPS estimate over the last 30 days [5] - The company is trading at a Forward P/E ratio of 9.17, which is higher than the industry average Forward P/E of 7.11, suggesting it is trading at a premium [6] Industry Context - The Transportation - Shipping industry holds a Zacks Industry Rank of 241, placing it in the bottom 4% of over 250 industries [6] - The strength of industry groups is measured by the Zacks Industry Rank, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]
Ardmore Shipping (ASC) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2025-01-04 00:12
Company Performance - Ardmore Shipping (ASC) closed at $12.34, reflecting a -0.72% change from the previous day, underperforming the S&P 500's gain of 1.26% [1] - Over the past month, Ardmore Shipping's shares have increased by 9.04%, while the Transportation sector and S&P 500 have decreased by 7.19% and 2.82%, respectively [1] Upcoming Earnings - The upcoming earnings per share (EPS) for Ardmore Shipping is projected at $0.37, indicating a 41.27% decline compared to the same quarter last year [2] - Revenue is anticipated to be $53.93 million, representing a 17.93% decrease from the same quarter last year [2] Analyst Estimates - Recent changes to analyst estimates for Ardmore Shipping suggest a favorable outlook on the company's business health and profitability [3] - The Zacks Rank system, which incorporates these estimate changes, indicates that Ardmore Shipping currently holds a Zacks Rank of 5 (Strong Sell) [5] Valuation Metrics - Ardmore Shipping has a Forward P/E ratio of 9.07, which is higher than the industry average Forward P/E of 7.19 [6] - The Transportation - Shipping industry is ranked 233 in the Zacks Industry Rank, placing it in the bottom 8% of over 250 industries [6]
Ardmore Shipping (ASC) Increases Despite Market Slip: Here's What You Need to Know
ZACKS· 2024-12-27 23:56
Company Overview - Ardmore Shipping (ASC) ended the recent trading session at $11.99, showing a +0.17% change from the previous day's closing price, which was better than the S&P 500's daily loss of 1.11% [2] - The company is forecasted to report an EPS of $0.37, reflecting a 41.27% decrease from the same quarter last year, with a revenue estimate of $53.93 million, indicating a 17.93% decline year-over-year [3] - Full-year Zacks Consensus Estimates project earnings of $2.97 per share and revenue of $277.84 million, representing year-over-year changes of +9.59% and +5.21%, respectively [8] Analyst Estimates and Market Performance - Recent changes to analyst estimates for Ardmore Shipping indicate a 0.5% decrease in the consensus EPS projection over the past 30 days, suggesting a cautious outlook [5] - The Zacks Rank for Ardmore Shipping is currently 3 (Hold), reflecting a neutral sentiment in the investment community [5] - Shares of Ardmore Shipping have appreciated by 5% over the past month, outperforming the Transportation sector's loss of 6.43% and the S&P 500's gain of 0.4% [7] Industry Context - Ardmore Shipping operates within the Transportation - Shipping industry, which has a Zacks Industry Rank of 231, placing it in the bottom 8% of over 250 industries [6] - The company has a Forward P/E ratio of 4.04, which is a discount compared to the industry average Forward P/E of 6.09, indicating potential undervaluation [10]
Ardmore Shipping: Net Cash Balance Sheet With Meaningful Exposure To Chemical Tanker Market
Seeking Alpha· 2024-12-23 09:22
Core Insights - The article reflects on a personal journey that intertwines financial markets with spiritual growth, emphasizing the importance of timing in investment decisions [1] - The author expresses a shift from a conventional urban lifestyle to a self-sufficient existence in nature, highlighting the contrast between comfort and the value derived from volatility [1] - The narrative suggests that personal growth and learning from direct experiences are more valuable than comparing financial returns with others or indices [1] Group 1: Personal Journey - The author transitioned from living in downtown Toronto to a remote yurt in the boreal forest, approximately 100km from the nearest grocery store [1] - This lifestyle change was motivated by a desire for self-sufficiency and a deeper connection with nature and spirituality [1] - The experience of living alone in the woods has been described as transformative, allowing for personal growth and a reevaluation of life's priorities [1] Group 2: Financial Perspective - The author views life as a long-term investment, akin to a call option with a maturity of approximately 100 years, indicating a focus on maximizing value over time [1] - The volatility experienced during the pandemic is seen as a valuable lesson, contributing to a significant personal payoff [1] - The author emphasizes that the process of self-evaluation should be based on personal growth rather than external comparisons, advocating for a unique approach to financial and personal success [1]
Ascletis Announces ASC47, a Muscle-Preserving Weight Loss Drug Candidate for Treatment of Obesity, in Combination with Semaglutide, Demonstrated Superior Weight Loss to Semaglutide Monotherapy in a Preclinical Model
Prnewswire· 2024-12-18 13:38
Core Insights - Ascletis Pharma Inc. announced positive results from a study on ASC47, a muscle-preserving weight loss drug, in combination with semaglutide, showing a 36.2% weight reduction compared to 23.1% with semaglutide alone, representing a 56.7% greater weight loss [1][6][19] Group 1: Study Results - The combination of ASC47 (3 mg/kg, SQ, once every four weeks) and semaglutide (30 nmol/kg, SQ, once daily) resulted in a significant average total body weight reduction of 36.2% in diet-induced obese mice [1][6] - ASC47 low dose combinations restored body composition in obese mice to levels similar to healthy non-obese mice, with total muscle mass percentage at 68.8% compared to 66.0% in healthy mice [9][10] - The cumulative caloric intake of obese mice treated with ASC47 was statistically higher than those treated with semaglutide, indicating different mechanisms of action [10] Group 2: Safety and Tolerability - Interim data from a Phase I single ascending dose study in Australia indicated that ASC47 was well tolerated up to 90 mg, with no serious adverse events reported [4][20] - ASC47 low dose combinations showed a statistically significant reduction in liver enzymes, such as alanine aminotransferase (ALT), compared to vehicle treatment in obese mice [11][19] Group 3: Mechanism of Action - ASC47 is an adipose-targeted, once-monthly subcutaneously injected thyroid hormone receptor beta selective small molecule agonist, designed to achieve high drug concentrations in adipose tissue [3][20] - The study results suggest that ASC47 may provide a clinically significant improvement in weight loss and muscle preservation compared to incretin-based drugs alone [19] Group 4: Future Developments - Ascletis is advancing the development of ASC47 as both a monotherapy and a combination therapy for obesity and other metabolic diseases, with topline data from a Phase IIa study expected in Q2 2025 [20][21] - The company is also developing ASC30, a GLP-1 receptor biased small molecule, with clinical trials ongoing in the U.S. [20][21]
ZyVersa Therapeutics Announces Peer-Reviewed Publication Demonstrating That Inflammasome ASC Inhibitor IC 100 Protects Against Stroke-Related Cardiovascular Injury and Dysfunction in Preclinical Trial
GlobeNewswire News Room· 2024-11-20 12:55
Core Insights - ZyVersa Therapeutics, Inc. is developing Inflammasome ASC Inhibitor IC 100 to address stroke-related cardiovascular injury and dysfunction, particularly in patients with obesity [2][3][9] - The company aims to progress IC 100 into phase 1 clinical trials around mid-2025, highlighting its potential to control inflammation linked to stroke-related cardiovascular issues [3][9] Company Overview - ZyVersa is a clinical stage specialty biopharmaceutical company focused on developing first-in-class drugs for inflammatory and renal diseases, with a significant market opportunity exceeding $100 billion [9] - The lead indication for IC 100 is obesity and its associated metabolic complications, while another product, VAR 200, targets focal segmental glomerulosclerosis (FSGS) [9] Research Findings - Recent studies indicate that stroke induces a catecholamine surge leading to AIM2 inflammasome activation and pyroptosis in the heart, which can be inhibited by IC 100 [5][6] - Treatment with IC 100 significantly reduced inflammasome proteins and IL-1β levels in the heart, thereby decreasing cardiac inflammation [5][6] - The research was published in the peer-reviewed journal, Translational Stroke Research, and involved studies conducted in mouse models and zebrafish hearts [4][5] Mechanism of Action - IC 100 is a humanized IgG4 monoclonal antibody designed to inhibit the inflammasome adaptor protein ASC, targeting multiple inflammasomes including AIM2 [7][8] - By binding to ASC, IC 100 prevents the formation of inflammasomes and blocks the activation of IL-1β, which is crucial in the inflammatory response [7][8]
Ardmore Shipping: Appealing Again At A Massive Discount And Attractive Yield; Rating Upgrade
Seeking Alpha· 2024-11-19 07:19
Group 1 - The article discusses Ardmore Shipping's (NYSE: ASC) fleet, product tanker market, and financials, highlighting a previous analysis that expressed concerns over average dividends and a lack of buybacks [1] - At the time of the previous analysis, Ardmore was trading at a 73% price-to-net asset value (PNAV) [1] - The author emphasizes a preference for shipping and mining enterprises while remaining open to opportunities in other industries that align with their investment style [1] Group 2 - The author identifies key criteria for filtering investment ideas, which include being overlooked, offering asymmetric risk rewards, and providing high dividend yields [1] - The analytical approach combines fundamental analysis with technical analysis to optimize market timing [1]
Ardmore Shipping: Recent Sell-Off Has Created A Golden Buying Opportunity
Seeking Alpha· 2024-11-19 06:38
Company Overview - Ardmore Shipping Corporation is valued at $500 million and primarily focuses on transporting chemicals and petroleum products with a fleet of 26 vessels [1] - The fleet includes four chartered-in vessels, with deadweight tonnage ranging from 25,000 to 50,000 [1] Industry Insights - The maritime transport sector is crucial for the movement of chemicals and petroleum, indicating a stable demand for companies like Ardmore Shipping [1]