AdvanSix Inc (NYSE: ASIX) has experienced a decline in its stock price by -14.06 compared to its previous closing price of 25.75. However, the company has seen a fall of -14.92% in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-03 that The headline numbers for AdvanSix (ASIX) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Is It Worth Investing in AdvanSix Inc (NYSE: ASIX) Right Now?
AdvanSix Inc (NYSE: ASIX) has a higher price-to-earnings ratio of 634.10x compared to its average ratio, The 36-month beta value for ASIX is at 1.71. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ASIX is 25.52M, and currently, shorts hold a 1.22% of that float. The average trading volume for ASIX on May 06, 2024 was 145.13K shares.
ASIX’s Market Performance
ASIX’s stock has seen a -14.92% decrease for the week, with a -20.11% drop in the past month and a -12.11% fall in the past quarter. The volatility ratio for the week is 4.95%, and the volatility levels for the past 30 days are at 3.30% for AdvanSix Inc The simple moving average for the past 20 days is -17.95% for ASIX’s stock, with a -23.90% simple moving average for the past 200 days.
Analysts’ Opinion of ASIX
Many brokerage firms have already submitted their reports for ASIX stocks, with Piper Sandler repeating the rating for ASIX by listing it as a “Overweight.” The predicted price for ASIX in the upcoming period, according to Piper Sandler is $58 based on the research report published on November 12, 2021 of the previous year 2021.
Cowen gave a rating of “Market Perform” to ASIX, setting the target price at $20 in the report published on November 19th of the previous year.
ASIX Trading at -18.15% from the 50-Day Moving Average
After a stumble in the market that brought ASIX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -45.83% of loss for the given period.
Volatility was left at 3.30%, however, over the last 30 days, the volatility rate increased by 4.95%, as shares sank -22.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.40% lower at present.
During the last 5 trading sessions, ASIX fell by -14.92%, which changed the moving average for the period of 200-days by -41.22% in comparison to the 20-day moving average, which settled at $26.66. In addition, AdvanSix Inc saw -26.13% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ASIX starting from Kintiroglou Achilles B., who sale 3,661 shares at the price of $25.23 back on May 01 ’24. After this action, Kintiroglou Achilles B. now owns 35,335 shares of AdvanSix Inc, valued at $92,367 using the latest closing price.
Kane Erin N, the Chief Executive Officer of AdvanSix Inc, sale 3,002 shares at $28.08 during a trade that took place back on Apr 04 ’24, which means that Kane Erin N is holding 552,755 shares at $84,296 based on the most recent closing price.
Stock Fundamentals for ASIX
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.07 for the gross margin
The net margin for AdvanSix Inc stands at 0.0. The total capital return value is set at 0.01. Equity return is now at value 0.31, with 0.16 for asset returns.
Based on AdvanSix Inc (ASIX), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 0.38. The interest coverage ratio of the stock is 0.71.
Currently, EBITDA for the company is 142.56 million with net debt to EBITDA at 3.68. When we switch over and look at the enterprise to sales, we see a ratio of 0.62. The receivables turnover for the company is 8.59for trailing twelve months and the total asset turnover is 1.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.38.
Conclusion
In conclusion, AdvanSix Inc (ASIX) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
