Let’s look at the key reasons that are pushing Ashland Inc (ASH) to new highs

Ashland Inc (NYSE: ASH) on Tuesday, soared 0.94% from the previous trading day, before settling in for the closing price of $64.00. Within the past 52 weeks, ASH’s price has moved between $60.60 and $102.50.

During the last 5-year period, the sales drop of Basic Materials Sector giant was -2.62%. The company achieved an average annual earnings per share of -2.21%. With a float of $46.23 million, this company’s outstanding shares have now reached $47.18 million.

Let’s determine the extent of company efficiency that accounts for 3200 employees. In terms of profitability, gross margin is 25.95%, operating margin of -2.64%, and the pretax margin is -11.58%.

Ashland Inc (ASH) Breakdown of a Key Holders of the stock

Observing investor behavior towards Specialty Chemicals industry stocks is more important than anything else. The insider ownership of Ashland Inc is 2.02%, while institutional ownership is 89.18%. The most recent insider transaction that took place on Jan 31 ’25, was worth 2,010,327. In this transaction Chair of the Board and CEO of this company bought 31,294 shares at a rate of $64.24, taking the stock ownership to the 31,294 shares. Before that another transaction happened on Jan 31 ’25, when Company’s SVP and GM, Life Sciences bought 3,150 for $64.00, making the entire transaction worth $201,600. This insider now owns 3,150 shares in total.

Ashland Inc (ASH) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.51 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -2.21% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.31% during the next five years compared to -15.86% drop over the previous five years of trading.

Ashland Inc (NYSE: ASH) Trading Performance Indicators

Ashland Inc (ASH) is currently performing well based on its current performance indicators. A quick ratio of 1.27 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.49. Likewise, its price to free cash flow for the trailing twelve months is 28.49.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.56, a number that is poised to hit 1.17 in the next quarter and is forecasted to reach 5.34 in one year’s time.

Technical Analysis of Ashland Inc (ASH)

Looking closely at Ashland Inc (NYSE: ASH), its last 5-days average volume was 0.78 million, which is a jump from its year-to-date volume of 0.69 million. As of the previous 9 days, the stock’s Stochastic %D was 43.29%. Additionally, its Average True Range was 2.14.

During the past 100 days, Ashland Inc’s (ASH) raw stochastic average was set at 14.04%, which indicates a significant decrease from 34.10% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.63% in the past 14 days, which was higher than the 30.62% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $71.08, while its 200-day Moving Average is $85.50. However, in the short run, Ashland Inc’s stock first resistance to watch stands at $65.81. Second resistance stands at $67.03. The third major resistance level sits at $68.22. If the price goes on to break the first support level at $63.41, it is likely to go to the next support level at $62.22. Now, if the price goes above the second support level, the third support stands at $61.01.

Ashland Inc (NYSE: ASH) Key Stats

Market capitalization of the company is 3.05 billion based on 47,183K outstanding shares. Right now, sales total 2,113 M and income totals 169,000 K. The company made 405,000 K in profit during its latest quarter, and -165,000 K in sales during its previous quarter.