At last check, AdvanSix Inc. (NYSE:ASIX) was up 2.34% to close at $31.00 on the charts in premarket trading. On Tuesday, shares of the AdvanSix stock closed the day up 4.52% at $30.29. ASIX stock was traded at 0.58 million shares, up from the average daily volume of 239.34K in the last three months. The ASIX stock values seem to be increasing despite the absence of any relevant news in anticipation of its financial results due for release.
What does the prior report say?
As a global supplier to many end-markets, AdvanSix innovates and delivers essential products for its customers across a wide variety of market segments. Construction, fertilizers, plastics, solvents, packaging, paints, coatings, adhesives, and electronics are among the markets ASIX serves. The vertically integrated value chain of ASIX’s three U.S. manufacturing facilities ensures reliable and sustainable supplies of quality products.
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After the New York Stock Exchange opens on Friday, April 30, AdvanSix will release its first-quarter 2021 financial results.
During the conference call, ASIX will also discuss the results with investors at 9:00 a.m. ET.
In its Q4 2020 financial results, ASIX’s past performance may provides us the better hint about AdvanSix’s upcoming financial results.
For the Fourth Quarter 2020:
- Sales increased 4.2% from the prior year, due to higher volume of 7.9% and a 0.7% favorable impact of market-based pricing partially offset by a 4.4% drop in raw material pass-through prices.
- Net Income of ASIX, increased by $28.9 million to $26.8 million.
- In 2020, ASIX increased its EBITDA by $35.8 to $48.5 million.
Potential:
AdvanSix (ASIX) stock has gained 10.47% in the past five sessions, for the month, ASIX is up 10.87% while it has gained 51.53% YTD. Its 50-day moving average of $28.09 is higher than ASIX stock’s 200-day moving average of $19.43. Moreover, ASIX stock has RSI of 62.01 right now.