Ashland Inc (NYSE:ASH) shares, rose in value on Friday, March 28, with the stock price down by -1.24% to the previous day’s close as strong demand from buyers drove the stock to $59.01.
Actively observing the price movement in the last trading, the stock closed the session at $59.75, falling within a range of $58.151 and $59.89. The value of beta (5-year monthly) was 0.889. Referring to stock’s 52-week performance, its high was $102.50, and the low was $54.86. On the whole, ASH has fluctuated by -4.05% over the past month.
With the market capitalization of Ashland Inc currently standing at about $2.78 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-27. The company’s Forward Dividend Ratio is 1.62, with its dividend yield at 2.75%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.93B, with a low estimate of 496.84M and a high estimate of 531M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 514.79M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ASH’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of ASH currently trading nearly 2.50% and -5.82% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.15, while the 7-day volatility ratio is showing 2.92% which for the 30-day chart, stands at 3.03%. Furthermore, Ashland Inc (ASH)’s beta value is 0.70, and its average true range (ATR) is 1.78.
A comparison of Ashland Inc (ASH) with its peers suggests the former has fared considerably weaker in the market. ASH showed an intraday change of -1.24% in last session, and over the past year, it shrunk by -38.05%%.
Data on historical trading for Ashland Inc (NYSE:ASH) indicates that the trading volumes over the past 10 days have averaged 0.93 and over the past 3 months, they’ve averaged 736.89K. According to company’s latest data on outstanding shares, there are 47.18 million shares outstanding.
Nearly 1.16% of Ashland Inc’s shares belong to company insiders and institutional investors own 89.15% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.49 million shares as on 2025-03-14, resulting in a short ratio of 1.98. According to the data, the short interest in Ashland Inc (ASH) stood at 319.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 1.45 million. The stock has fallen by -17.42% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ASH stock heading into the next quarter.
