Ardmore Shipping Corporation (ASC - Free Report) was a big mover last session, as its shares rose over 9% on the day. The move came after the company reported a second-quarter profit of $5.5 million. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $6.71 to $7.37 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Ardmore Shipping currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
A better-ranked stock in the shipping industry is Danaos Corporation (DAC - Free Report) which sports a Zacks Rank #1 (Strong Buy).
Is ASC going up? Or down? Predict to see what others think: Up or Down
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Ardmore Shipping Corporation (ASC - Free Report) was a big mover last session, as its shares rose over 9% on the day. The move came after the company reported a second-quarter profit of $5.5 million. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $6.71 to $7.37 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Ardmore Shipping currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
A better-ranked stock in the shipping industry is Danaos Corporation (DAC - Free Report) which sports a Zacks Rank #1 (Strong Buy).
Is ASC going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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