Ashland Inc (NYSE: ASH) is -18.32% lower on its value in year-to-date trading and has touched a low of $56.46 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 $59.64 in the last trading session, with the day’s loss setting it -1.27%.
Currently trading at $58.37, the stock is -7.08% and -12.45% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.98 million and changing -2.13% at the moment leaves the stock -29.30% off its SMA200. ASH registered -38.80% loss for a year compared to 6-month loss of -33.66%.
The stock witnessed a -9.21% gain in the last 1 month and extending the period to 3 months gives it a -25.83%, and is -4.03% 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 3.99% over the week and 2.74% over the month.
Ashland Inc (ASH) has around 3200 employees, a market worth around $2.75B and $2.05B in sales. Fwd P/E is 10.96. Profit margin for the company is -0.73%. Distance from 52-week low is 3.38% and -43.05% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.38%).
The EPS is expected to shrink by -2.54% this year.
Ashland Inc (ASH) Top Institutional Holders
The shares outstanding are 47.18M, and float is at 46.63M with Short Float at 3.10%.
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 purchase by NOVO GUILLERMO, the company’s Chair of the Board and CEO. SEC filings show that NOVO GUILLERMO bought 31,294 shares of the company’s common stock on Jan 31 ’25 at a price of $64.24 per share for a total of $2.01 million. Following the purchase, the insider now owns 31294.0 shares.
Ashland Inc disclosed in a document filed with the SEC on Jan 31 ’25 that Assis Alessandra Faccin (SVP and GM, Life Sciences) bought a total of 3,150 shares of the company’s common stock. The trade occurred on Jan 31 ’25 and was made at $64.00 per share for $0.2 million. Following the transaction, the insider now directly holds 3150.0 shares of the ASH stock.
Still, SEC filings show that on Dec 05 ’24, BONI ERIC N (VP, Finance & Prinpl Acctg Off) disposed off 451 shares at an average price of $78.07 for $35210.0. The insider now directly holds 14,182 shares of Ashland Inc (ASH).
