ASH Stock Summary and Trading Ideas (Ashland | NYSE:ASH)

Ashland Inc is a world-wide specialty materials company that serves a wide range of industrial markets. The company has a business-centric operating model and is organized into four distinct segments: life sciences, personal care, specialty additives, and intermediates. Key customers for the firm include pharmaceutical companies and manufacturers of personal care products, food and beverages, and nutraceuticals and supplements. The life sciences segment derives maximum revenue. Ashland includes only U.S. and Canada in its North America designation and includes Europe, the Middle East and Africa in its Europe designation.

Ashland trades on the NYSE stock market under the symbol ASH.

As of May 8, 2024, ASH stock price declined to $97.67 with 67,271 million shares trading.

ASH has a beta of 0.72, meaning it tends to be less sensitive to market movements. ASH has a correlation of 0.12 to the broad based SPY ETF.

ASH has a market cap of $4.96 billion. This is considered a Mid Cap stock.

Last quarter Ashland reported $575 million in Revenue and $1.27 earnings per share. This beat revenue expectation by $360,000 and exceeded earnings estimates by $.13.

In the last 3 years, ASH stock traded as high as $114.36 and as low as $70.82.

The top ETF exchange traded funds that ASH belongs to (by Net Assets): IJH, VTI, VB, VBR, VXF.

ASH has underperformed the market in the last year with a price return of +9.0% while the SPY ETF gained +26.9%. However, in the short term, ASH had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.1% vs +4.1% return in SPY. But in the last 2 weeks, ASH shares have been beat by the market, returning +1.5% compared to an SPY return of +2.2%.

ASH support price is $96.50 and resistance is $99.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ASH stock will trade within this expected range on the day.