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After finishing at $80.96 in the prior trading day, Ashland Inc (NYSE: ASH) closed at $78.75, down -2.73%. In other words, the price has decreased by -$2.73 from its previous closing price. On the day, 0.53 million shares were traded. ASH stock price reached its highest trading level at $81.43 during the session, while it also had its lowest trading level at $78.145.
Ratios:
Our goal is to gain a better understanding of ASH by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.87. For the most recent quarter (mrq), Quick Ratio is recorded 1.33 and its Current Ratio is at 2.44. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.50.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on August 08, 2024, Upgraded its rating to Neutral and sets its target price to $89 from $90 previously.
On April 11, 2024, Wells Fargo Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $100 to $112.
Jefferies Upgraded its Hold to Buy on March 14, 2024, whereas the target price for the stock was revised from $100 to $126.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 04 ’24 when WILLIS J KEVIN sold 5,487 shares for $87.88 per share. The transaction valued at 482,198 led to the insider holds 17,052 shares of the business.
WILLIS J KEVIN bought 5,487 shares of ASH for $482,198 on Sep 04 ’24. On Feb 16 ’24, another insider, LAMPKIN ROBIN E., who serves as the SVP, Gen Counsel and Secrty. of the company, sold 844 shares for $92.54 each. As a result, the insider received 78,104 and left with 2,883 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ASH now has a Market Capitalization of 3845512192 and an Enterprise Value of 5135040000. As of this moment, Ashland’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.36, and their Forward P/E ratio for the next fiscal year is 13.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.82 while its Price-to-Book (P/B) ratio in mrq is 1.30. Its current Enterprise Value per Revenue stands at 2.43 whereas that against EBITDA is 15.328.
Stock Price History:
Over the past 52 weeks, ASH has reached a high of $102.50, while it has fallen to a 52-week low of $71.55. The 50-Day Moving Average of the stock is -8.16%, while the 200-Day Moving Average is calculated to be -14.55%.
Shares Statistics:
The stock has traded on average 440.28K shares per day over the past 3-months and 489000 shares per day over the last 10 days, according to various share statistics. A total of 51.00M shares are outstanding, with a floating share count of 48.35M. Insiders hold about 0.98% of the company’s shares, while institutions hold 93.37% stake in the company. Shares short for ASH as of 1728950400 were 1134284 with a Short Ratio of 2.58, compared to 1726185600 on 716321. Therefore, it implies a Short% of Shares Outstanding of 1134284 and a Short% of Float of 2.6099999.
Dividends & Splits
In the trailing 12 months, ASH’s forward annual dividend rate was 1.58, compared to 1.58 this year. Against a Trailing Annual Dividend Yield of 0.01951581The stock’s 5-year Average Dividend Yield is 1.45.
