Ashland Global Holdings Inc. (ASH) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Ashland Global Holdings Inc. (ASH) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.09, or -0.09%, to $102.02. Volume reached 7,662 shares, with price reaching a high of $102.11 and a low of $102.11. Recently, Yahoo Finance discussed the stock, revealing that Ashland reports strong financial results1 for third quarter of fiscal year 2022 consistent with previous update.

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Stocks Info

Ashland Global Holdings Inc. is listed on the NYSE in the Basic Materials sector while operating in the Chemicals industry. At the end of the last regular session, the stock closed at $102.11 and fluctuated between $102.35 as its day high and $100.52 as its day low. The current market capitalization of Ashland Global Holdings Inc. is $5.63B. A total of 0.34 million shares were traded on the day, compared to an average of 447.05K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ASH has seen 3 BUY and 9 SELL insider trades, representing the acquisition of 16,240 and the disposition of 16,240 shares. Over the last 12 months, there were 32 BUYs and 42 SELLs from insiders. Insiders purchased 67,309 shares during that period but sold 38,173.

In the most recent transaction, BONI ERIC N sold 2,657 shares of ASH for 109.50 per share on Jun 08. After the transaction, the Principal Accounting Officer now owns 10,640 company shares. In a previous transaction on Jun 02, WILLIS J KEVIN sold 4,235 shares at 105.58 per share. ASH shares that Sr.VP &Chief Financial Officer owns now total 4,066.

Among the insiders who bought shares, Sandler Ricky C acquired of 48,800 shares on May 17 at a per-share price of $101.27. This resulted in the Director holding 4,083,978 shares of ASH after the transaction. In another insider transaction, WILLIS J KEVIN sold 1,104 shares at $94.30 per share on Sep 10. Company shares held by the Chief Financial Officer now total 825.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Ashland Global Holdings Inc. pays an annual dividend of $1.34, resulting in a dividend yield of 1.31%, and it has a price to earnings (P/E) ratio of 55.28. ASH’s most recent ex-dividend date was 05/31/2022 when it declared a $0.335 quarterly dividend that was paid in cash on 06/15/2022. Previously, the company paid the dividend on 03/15/2022 with an ex-dividend date of 02/28/2022. The dividend was $0.30 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for ASH in the last 3 months, the mean price target is $124.40 with high estimates of $143.00 and low estimates of $104.00. In terms of 52-week highs and lows, ASH has a high of $112.91 and a low of $81.93.

As of this writing, ASH has an earnings estimate of $1.36 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $1.56 per share and a lower estimate of $1.09. The company reported an EPS of $1.89 in the last quarter, which was 0.53% higher than expectations of $1.88.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 12 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ASH is Hold with a score of 4.20. A total of 8 analysts rated the stock as Buy while 0 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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