Ardmore Shipping Corp Shares Up 4% Amid Analyst Forecast and GF Value Insights

Ardmore Shipping Corp's (ASC) shares surged 4% on June 17, reaching an intraday high of $10.50 and settling at $10.40. The stock is 55.09% below its 52-week high and 25% above its 52-week low. Analysts forecast an average target price of $16.63, with a high estimate of $27 and a low estimate of $12.50, implying a 59.86% upside from the current price. The estimated GF Value for ASC in one year is $7.22, suggesting a 30.58% downside from the current price.

Ardmore Shipping Corp (ASC) experienced a significant increase in its stock price on June 17, 2025, with shares surging 4% to reach an intraday high of $10.50 and settling at $10.40. The stock is currently trading at 55.09% below its 52-week high and 25% above its 52-week low.

Analysts have provided an average target price of $16.63 for ASC, with a high estimate of $27 and a low estimate of $12.50. This implies a potential upside of 59.86% from the current price. The estimated GF Value for ASC in one year is $7.22, suggesting a 30.58% downside from the current price [1].

Ardmore Shipping Corp has been underperforming compared to the broader market and the Transportation sector. Over the last month, the stock has decreased by 1.93%, while the Transportation sector has gained 6.65% and the S&P 500 has gained 6.9%. The company's earnings per share (EPS) are projected to decrease by 78.76% from the same quarter last year, with quarterly revenue expected to decline by 48.68% [1].

The Zacks Consensus Estimates anticipate annual earnings of $1.17 per share and a revenue of $180.69 million for the upcoming period, representing a decrease of -58.8% and -33.85% from the previous year, respectively. Ardmore Shipping currently has a Zacks Rank of #3 (Hold), indicating a neutral outlook from the investment research firm [1].

In terms of valuation, ASC is trading at a Forward P/E ratio of 8.23, which is a discount compared to the average Forward P/E of 8.99 in its industry. The Transportation - Shipping industry ranks in the bottom 26% of all industries, with a Zacks Industry Rank of 184 [1].

Investors should closely monitor Ardmore Shipping Corp's earnings performance and analyst estimates for any changes that could impact the stock's near-term performance. The Zacks Rank system, which takes estimate changes into account, provides an actionable rating system for investors [1].

References:
[1] https://www.nasdaq.com/articles/ardmore-shipping-asc-gains-market-dips-what-you-should-know-2