ASH stock: buy or sell?

ASH stock price: $50.51 -1.88% At close on March 27th, 2020

Updated on:
March 27th, 2020

1

After boosting an outstanding 9.05% on March 26th, Ashland Global closed yesterday at $50.51 and fell a tragic -1.88%. On Monday ASH plunged a scary -7.17%.

Ashland Global Holdings Inc. provides specialty chemical solutions worldwide. Its Specialty Ingredients segment provides products, technologies, and resources for solving formulation and product-performance challenges.

Should I buy ASH stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Having a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with Ashland Global stock situation right now, therefore this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean ASH will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Ashland Global stock a buy?

Financial institutions and banks publish stock ratings everyday. Unfortunately, we couldn't find any rating for ASH stock for the last 30 days.

ASH stock analysis

Daily outlook

After boosting an outstanding 9.05% on Mar 26th, Ashland Global closed yesterday at $50.51 and fell a tragic -1.88%.

After boosting an outstanding 9.05% on March/26, Ashland Global closed yesterday at $50.51 and fell a tragic -1.88%. Since price and SMA200d lines crossed down on Feb 26th, ASH fell $-25.87 per share (-33.87%).

ASH stock chart (daily)

Weekly outlook

After sliding a frightening -24.57% in a week last week, Ashland Global closed this week at $50.51 and rocketed an extraordinary 18.54%. This week broke a streak of 4 declining weeks.

The support didn't resisted and ASH fell deeper.

ASH stock chart (weekly)

ASH stock price history

ASH IPO was on March 17th, 1980 at $0.00 per share1. Since then, ASH stock grew a inf%, with a yearly average of inf%. If you had invested $1,000 in ASH stock in 1980, it would worth $inf today.

1: Adjusted price after possible price splits or reverse-splits.

ASH stock historical price chart

ASH stock reached 52-week highs on February at $81.52, and all-time highs 2018-09-21 with a price of 84.72.

ASH stock price target

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we have not found any price target for Ashland Global stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

, Ashland Global presented its financial report, posting an extraordinary climb for the Earnings per Share (EPS). Experts were expecting $0.11 per share, but Ashland Global posted $0.14.
ASH earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/an/an/a
2017-Q3-n/an/an/a
2017-Q4-n/an/an/a
2018-Q12018-05-010.841.0626.2%
2018-Q22018-07-311.031.139.7%
2018-Q32018-11-060.980.97-1.0%
2018-Q42019-02-050.110.1427.3%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual sales report draw a dazzling increase of 14.82% to $3,743.00 million USD. By contrast, its profit margin (compared to revenues) stepped up to 3.05%, that is $114.00 million.

To have an updated picture of the financial situation of Ashland Global, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2018-Q4 that can be compared to 2018 fiscal year results. Annual Ashland Global TTM sales up to December 2018 were $3,477.00 and earnings were $71.00 million dollars. If we compare this TTM figures with the last reported annuality, we can review Ashland Global business evolution since September 2018: Annual revenues up to December, compared to lastest yearly report, fell an awful -7.11%. Instead, profit margin (net income/sales) stayed stable at 3.05%.

ASH annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$7,810 M-$677 M8.7%-
2014$6,121 M-21.63%$233 M3.8%-65.58%
2015$5,387 M-11.99%$309 M5.7%32.62%
2016$4,948 M-8.15%$-29.00 M-0.6%-109.39%
2017$3,260 M-34.11%$1.00 M0.0%-103.45%
2018$3,743 M14.82%$114 M3.0%11,300.00%
TTM $3,477 M-7.11%$71 M2.0%-37.72%

Quarterly financial results

Ashland Global posted $576.00 million in sales for 2018-Q4, a -39.75% decline compared to previous quarter. Reported quarter earnings marked $-48.00 M with a profit margin of -8.33%. Profit margin slipped a -9.38% compared to previous quarter when profit margin was 1.05%. When comparing turnover to same quarter last year, Ashland Global sales marked a dreadful drop down and plunged a -31.59%. Looking back to recent quarterly results, Ashland Global posted 3 negative quarters in a row.
ASH quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$878 M-$-19 M-2.2%-
2017-Q3$880 M0.23%$-57 M-6.5%200.00%
2017-Q4$842 M-4.32%$-4 M-0.5%-92.98%
2018-Q1$974 M15.68%$73 M7.5%-1,925.00%
2018-Q2$971 M-0.31%$36 M3.7%-50.68%
2018-Q3$956 M-1.54%$10 M1.0%-72.22%
2018-Q4$576 M-39.75%$-48 M-8.3%-580.00%
2019-Q1$667 M15.80%$76 M11.4%-258.33%

Ashland Global ownership

When you are planning to invest in shares of a company, it's always worth to have a look its ownership structure.

Ashland Global shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.44% of all shares.

Bearish positions for ASH stock account 0.00%, no big difference from last month.

For a better context understanding, the next table shows ownership data compared to other related stocks:

ASH
Market cap$3.0 B
Total shares60.3 M
Float shares54.3 M
  - Institutional holdings (%)94.8%
  - Insider holdings (%)0.4%
Shares in short selling0.0%

ASH summary

Friday, March 27th, 2020
Open$49.02
Close$50.51
Day range$49.00 - $51.78
Previous close$51.48
Session gain-1.88%
Average true range$5.29
50d mov avg$68.13
100d mov avg$71.59
200d mov avg$73.62
Daily patternlt03a
Weekly pattern lt06c

Ashland Global performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We picked as the bechmarking frame for Ashland Global stock.
Stock3m6m12m
ASHAshland Global-33.73%-33.46%-34.39%

Ashland Global competitors

Unfortunately, we could not find any public company that could be defined as Ashland Global competitor. This doesn't mean Ashland Global does not have any competitor in the market, it's just we could not detected it.