AdvanSix Inc. (NYSE:ASIX) Relative Strength Index (RSI) is 46.05, with weekly volatility at 6.86% and ATR at 0.94. The ASIX stock’s 52-week price range has touched low of $8.06 and a $27.22 high. Intraday shares traded counted 0.18 million, which was 37.38% higher than its 30-day average trading volume of 282.27K. Its shares traded higher over the last trading session, gaining 6.27% on 06/29/20. The shares fell to a low of $11.13 before closing at $11.70. ASIX’s previous close was $11.01 while the outstanding shares total 27.94M. The firm has a beta of 2.09, a 12-month trailing P/E ratio of 11.30, and a growth ratio of 1.13.
Investors have identified the Chemicals company AdvanSix Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $332.40 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
AdvanSix Inc. (ASIX) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For ASIX, the company has in raw cash 30.75 million on their books with 38.36 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 316464000 million total, with 268680000 million as their total liabilities.
ASIX were able to record -14.38 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 23.7 million. In cash movements, the company had a total of 19.72 million as operating cash flow.
Potential earnings growth for AdvanSix Inc. (ASIX)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, AdvanSix Inc. recorded a total of 302.71 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -4.02% coming in sequential stages and their sales for the third quarter reducing by -7.91%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 272.01 million trying to sell their products during the last quarter, with the result yielding a gross income of 30.7 million. This allows shareholders to hold on to 27.94M with the revenue now reading 0.31 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.18 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.43 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ASIX sounds very interesting.
Is the stock of ASIX attractive?
In related news, Director, Karran Todd D. bought 12,638 shares of the company’s stock in a transaction that recorded on Mar 13. The purchase was performed at an average price of 8.92, for a total value of 112,731. As the purchase deal closes, the Director, Marberry Michael now bought 11,915 shares of the company’s stock, valued at 106,163. Also, VP, Integrated Supply Chain, Blindenbach Willem L. bought 7,350 shares of the company’s stock in a deal that was recorded on Mar 11. The shares were cost at an average price of 10.11 per share, with a total market value of 74,309. Following this completion of disposal, the Chief Executive Officer, Kane Erin N now holds 9,780 shares of the company’s stock, valued at 98,974. In the last 6 months, insiders have changed their ownership in shares of company stock by 3.10%.