The stock of Ashland Inc (ASH) has gone down by -3.56% for the week, with a -2.47% drop in the past month and a 1.84% rise in the past quarter. The volatility ratio for the week is 2.27%, and the volatility levels for the past 30 days are 1.74% for ASH. The simple moving average for the last 20 days is -1.57% for ASH stock, with a simple moving average of 11.16% for the last 200 days.
Is It Worth Investing in Ashland Inc (NYSE: ASH) Right Now?
The price-to-earnings ratio for Ashland Inc (NYSE: ASH) is above average at 25.78x. The 36-month beta value for ASH is also noteworthy at 0.90. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 3 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ASH is 49.82M, and at present, short sellers hold a 1.49% of that float. The average trading volume of ASH on June 19, 2024 was 334.01K shares.
ASH) stock’s latest price update
Ashland Inc (NYSE: ASH)’s stock price has increased by 0.96 compared to its previous closing price of 96.66. However, the company has seen a -3.56% decrease in its stock price over the last five trading sessions. globenewswire.com reported 2024-06-18 that WILMINGTON, Del., June 18, 2024 (GLOBE NEWSWIRE) — Ashland Inc. (NYSE:ASH) has strengthened its performance towards environmental, social and governance (ESG) practices and a more just and equitable society through a relationship with the Fair Wage Network (FWN) to understand living wages for the company’s 3,800 global employees. Following a rigorous and thorough process where compensation data for all employees was reviewed on an anonymous basis and steps were taken to remediate any pay gaps, Ashland achieved certification as a Global Living Wage Employer.
Analysts’ Opinion of ASH
Many brokerage firms have already submitted their reports for ASH stocks, with Wells Fargo repeating the rating for ASH by listing it as a “Overweight.” The predicted price for ASH in the upcoming period, according to Wells Fargo is $112 based on the research report published on April 11, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see ASH reach a price target of $126, previously predicting the price at $100. The rating they have provided for ASH stocks is “Buy” according to the report published on March 14th, 2024.
Wolfe Research gave a rating of “Outperform” to ASH, setting the target price at $108 in the report published on March 01st of the current year.
ASH Trading at 0.12% from the 50-Day Moving Average
After a stumble in the market that brought ASH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.79% of loss for the given period.
Volatility was left at 1.74%, however, over the last 30 days, the volatility rate increased by 2.27%, as shares sank -2.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.05% upper at present.
During the last 5 trading sessions, ASH fell by -3.56%, which changed the moving average for the period of 200-days by +12.65% in comparison to the 20-day moving average, which settled at $99.01. In addition, Ashland Inc saw 15.75% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ASH starting from LAMPKIN ROBIN E., who sale 844 shares at the price of $92.54 back on Feb 16 ’24. After this action, LAMPKIN ROBIN E. now owns 2,883 shares of Ashland Inc, valued at $78,104 using the latest closing price.
BONI ERIC N, the Principal Accounting Officer of Ashland Inc, sale 843 shares at $82.38 during a trade that took place back on Dec 07 ’23, which means that BONI ERIC N is holding 13,072 shares at $69,446 based on the most recent closing price.
Stock Fundamentals for ASH
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.22 for the gross margin
The net margin for Ashland Inc stands at 0.08. The total capital return value is set at 0.01. Equity return is now at value 5.72, with 3.02 for asset returns.
Based on Ashland Inc (ASH), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.37. The debt to equity ratio resting at 0.43. The interest coverage ratio of the stock is 1.28.
Currently, EBITDA for the company is 403.0 million with net debt to EBITDA at 3.7. When we switch over and look at the enterprise to sales, we see a ratio of 2.37. The receivables turnover for the company is 9.57for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.15.
Conclusion
In summary, Ashland Inc (ASH) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
