Ardmore Shipping (ASC) is a Great Momentum Stock: Should You Buy?

Group 1: Company Overview - Ardmore Shipping (ASC) currently holds a Momentum Style Score of A and a Zacks Rank of 1 (Strong Buy) [2][6] - The company has seen significant price changes, with shares up 25.72% over the past quarter and 55.95% over the last year, outperforming the S&P 500 which moved 4.11% and 28.28% respectively [3] Group 2: Price Performance - Over the past week, ASC shares increased by 3.14%, while the Zacks Transportation - Shipping industry rose by 1.69% [3] - The monthly price change for ASC is 25.49%, compared to the industry's performance of 8.6% [3] Group 3: Trading Volume - ASC's average 20-day trading volume is 565,376 shares, which is a useful indicator for assessing price movements [4] Group 4: Earnings Outlook - In the past two months, 2 earnings estimates for ASC have moved higher, increasing the consensus estimate from $2.60 to$2.97 [5] - For the next fiscal year, 2 estimates have also moved upwards with no downward revisions [5]