Ashland Inc (NYSE: ASH) is -10.80% lower on its value in year-to-date trading and has touched a low of $63.93 and a high of $102.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ASH stock was last observed hovering at around $64.17 in the last trading session, with the day’s loss setting it -0.43%.
Currently trading at $63.74, the stock is -9.03% and -13.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.66 million and changing -0.67% at the moment leaves the stock -26.52% off its SMA200. ASH registered -21.08% loss for a year compared to 6-month loss of -33.82%. The firm has a 50-day simple moving average (SMA 50) of $73.5846 and a 200-day simple moving average (SMA200) of $86.90655.
The stock witnessed a -10.94% gain in the last 1 month and extending the period to 3 months gives it a -25.49%, and is -11.41% 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 4.60% over the week and 2.80% over the month.
Ashland Inc (ASH) has around 3200 employees, a market worth around $3.01B and $2.05B in sales. Fwd P/E is 11.92. Profit margin for the company is -0.73%. Distance from 52-week low is -0.30% and -37.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.38%).
with sales reaching $517.35M over the same period.The EPS is expected to shrink by -2.23% this year, but quarterly earnings will post -8.00% year-over-year. Quarterly sales are estimated to shrink -10.03% in year-over-year returns.
481.0 institutions hold shares in Ashland Inc (ASH), with institutional investors hold 98.36% of the company’s shares. The shares outstanding are 47.18M, and float is at 46.66M with Short Float at 2.94%. Institutions hold 97.34% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 5.02 million shares valued at $474.44 million. The investor’s holdings represent 10.042 of the ASH Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.47 million shares valued at $422.83 million to account for 8.9496 of the shares outstanding. The other top investors are EMINENCE CAPITAL, LP which holds 3.15 million shares representing 6.3086 and valued at over $298.05 million, while DIMENSIONAL FUND ADVISORS LP holds 5.5463 of the shares totaling 2.77 million with a market value of $262.04 million.
Ashland Inc (ASH) Insider Activity
The most recent transaction is an insider sale by BONI ERIC N, the company’s VP, Finance & Prinpl Acctg Off. SEC filings show that BONI ERIC N sold 451 shares of the company’s common stock on Dec 05 ’24 at a price of $78.07 per share for a total of $35210.0. Following the sale, the insider now owns 14182.0 shares.
Still, SEC filings show that on Nov 19 ’24, LAMPKIN ROBIN E. (SVP, Gen Counsel and Secrty.) disposed off 162 shares at an average price of $75.54 for $12237.0. The insider now directly holds 3,354 shares of Ashland Inc (ASH).
