With 0.97 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.84 million shares. The 52-week range on ASC shows that it touched its highest point at $23.44 and its lowest point at $10.02 during that stretch. It currently has a 1-year price target of $14.30. With its current market cap of 412.24 million, ASC has annualized dividend of $1.08 while the current yield stands at 10.60%. Beta for the stock currently stands at 0.20.
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 down-trending over the past week, with a drop of -2.21%, but this was down by -11.70% over a month. Three-month performance dropped to -17.56% while six-month performance fell -45.45%. The stock lost -36.94% in the past year, while it has lost -16.13% so far this year. A look at the trailing 12-month EPS for ASC yields 3.06 with Next year EPS estimates of 1.30. For the next quarter, that number is 0.16. This implies an EPS growth rate of -57.61% for this year and 7.64% for next year.
Float and Shares Shorts:
At present, 40.46 million ASC shares are outstanding with a float of 36.25 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ASC since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.0635 being high and $2.82164 being low. For ASC, this leads to a yearly average estimate of $2.94257. Based on analyst estimates, the high estimate for the next quarter is $0.43 and the low estimate is $0.02. The average estimate for the next quarter is thus $0.22.
