28-Mar-2024
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Gabelli Funds to Host 15th Annual Specialty Chemicals Symposium Thursday, March 14, 2024
Globe Newswire (Wed, 6-Mar 8:00 AM ET)
AdvanSix Announces Fourth Quarter and Full Year 2023 Financial Results
Business Wire (Fri, 16-Feb 6:30 AM ET)
Gabelli Funds to Host 15th Annual Specialty Chemical Symposium
Globe Newswire (Thu, 15-Feb 8:00 AM ET)
AdvanSix Provides Update on Plant Production Rates
Business Wire (Fri, 19-Jan 6:50 AM ET)
Business Wire (Tue, 16-Jan 6:50 AM ET)
AdvanSix Inc. is an integrated manufacturer of Nylon 6, a polymer resin and fertilizers. Nylon 6 is a synthetic material used by customers to produce engineered plastics, fibers, filaments, and films, which in turn are used in such end-products as automotive and electronic components, carpets, sports apparel, fishing nets, and food and industrial packaging. In addition, it also sells a variety of other products, all of which are produced as part of the Nylon 6 resin manufacturing process including caprolactam, ammonium sulfate fertilizers, and other chemical intermediates. Geographically, the group operates through the United States and its business is also expanding internationally but it derives the majority of its revenue from the United States region.
Advansix Common trades on the NYSE stock market under the symbol ASIX.
As of March 28, 2024, ASIX stock price climbed to $28.60 with 214,332 million shares trading.
ASIX has a beta of 0.66, meaning it tends to be less sensitive to market movements. ASIX has a correlation of 0.05 to the broad based SPY ETF.
ASIX has a market cap of $763.62 million. This is considered a Small Cap stock.
Last quarter Advansix Common reported $382 million in Revenue and -$.10 earnings per share. This beat revenue expectation by $46 million and exceeded earnings estimates by $.11.
In the last 3 years, ASIX stock traded as high as $57.10 and as low as $23.93.
The top ETF exchange traded funds that ASIX belongs to (by Net Assets): IJR, VTI, IWM, AVUV, IFRA.
ASIX has underperformed the market in the last year with a return of -19.5%, while the SPY ETF gained +33.6%. In the last 3 month period, ASIX fell short of the market, returning -6.7%, while SPY returned +10.1%. However, in the most recent 2 weeks ASIX has outperformed the stock market by returning +5.1%, while SPY returned +1.7%.
ASIX support price is $26.93 and resistance is $28.17 (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 ASIX stock will trade within this expected range on the day.