Ashland Inc (NYSE: ASH) is 12.09% higher on its value in year-to-date trading and has touched a low of $70.82 and a high of $101.94 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ASH stock was last observed hovering at around $95.33 in the last trading session, with the day’s loss setting it -0.83%.
Currently trading at $94.50, the stock is -1.03% and -0.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.93 million and changing -0.87% at the moment leaves the stock 9.65% off its SMA200. ASH registered -6.03% loss for a year compared to 6-month gain of 25.36%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -2.16% loss in the last 1 month and extending the period to 3 months gives it a 0.94%, and is -1.59% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.22% over the week and 1.99% over the month.
Ashland Inc (ASH) has around 3800 employees, a market worth around $4.73B and $2.14B in sales. Current P/E ratio is 30.61 and Fwd P/E is 16.57. Profit margin for the company is 7.76%. Distance from 52-week low is 33.44% and -7.30% from its 52-week high. The company has generated returns on investments over the last 12 months (3.69%).
The EPS is expected to grow by 10.09% this year
The shares outstanding are 51.00M, and float is at 49.79M with Short Float at 2.01%.
Ashland Inc (ASH) Insider Activity
The most recent transaction is an insider sale by LAMPKIN ROBIN E., the company’s SVP, Gen Counsel and Secrty. SEC filings show that LAMPKIN ROBIN E. sold 844 shares of the company’s common stock on Feb 16 ’24 at a price of $92.54 per share for a total of $78104.0. Following the sale, the insider now owns 2883.0 shares.
Ashland Inc disclosed in a document filed with the SEC on Dec 07 ’23 that BONI ERIC N (Principal Accounting Officer) sold a total of 843 shares of the company’s common stock. The trade occurred on Dec 07 ’23 and was made at $82.38 per share for $69446.0. Following the transaction, the insider now directly holds 13072.0 shares of the ASH stock.
Still, SEC filings show that on Sep 05 ’23, WILLIS J KEVIN (Sr.VP &Chief Financial Officer) disposed off 7,866 shares at an average price of $86.54 for $0.68 million. The insider now directly holds 11,583 shares of Ashland Inc (ASH).
