Ashland Inc (NYSE:ASH) price on Friday, February 07, fall -2.59% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $63.46.
A look at the stock’s price movement, the close in the last trading session was $65.15, moving within a range at $63.4 and $65.55. The beta value (5-Year monthly) was 0.882. Turning to its 52-week performance, $102.50 and $60.60 were the 52-week high and 52-week low respectively. Overall, ASH moved -10.93% over the past month.
Ashland Inc’s market cap currently stands at around $2.99 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 1.60, with its dividend yield at 2.52%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 516.31M for the company’s revenue for the quarter, with a low and high estimate of 500.5M and 531M respectively. The average forecast suggests down to a -10.21% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.93B, representing a -8.68% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ASH is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 4 recommend ASH as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ASH’s current price about -6.58% and -11.45% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 35.80, while 7-day volatility ratio is 3.03% and 2.94% in the 30-day chart. Further, Ashland Inc (ASH) has a beta value of 0.88, and an average true range (ATR) of 2.18. Analysts have given the company’s stock an average 52-week price target of $85, forecast between a low of $84 and high of $98. Looking at the price targets, the low is -32.37% off current price level while to achieve the yearly target high, price needs to move -54.43%. Nonetheless, investors will most likely welcome a -33.94% jump to $85 which is the analysts’ median price.
If we refocus on Ashland Inc (NYSE:ASH), historical trading data shows that trading volumes averaged 0.95 over the past 10 days and 555.74K over the past 3 months. The company’s latest data on shares outstanding shows there are 47.18 million shares.
The 1.09% of Ashland Inc’s shares are in the hands of company insiders while institutional holders own 89.10% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.37 million on 2025-01-15, giving us a short ratio of 2.85. The data shows that as of 2025-01-15 short interest in Ashland Inc (ASH) stood at 293.0 of shares outstanding, with shares short rising to 1.1 million registered in 2024-12-13. Current price change has pushed the stock -11.20% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ASH stock continues to rise going into the next quarter.
