AdvanSix (ASIX) Soars 9.4%: Is Further Upside Left in the Stock?

Company Overview - AdvanSix (ASIX) shares increased by 9.4% to close at $28.98, following a period of 14.4% loss over the past four weeks, indicating a significant recovery in trading volume [1] - The company is experiencing optimism due to improved nylon demand and growth in its differentiated product portfolio, benefiting from favorable demand and pricing across diverse end markets [2] Financial Performance - AdvanSix is expected to report a quarterly loss of$ 0.38 per share, reflecting a year-over-year decline of 280%, with revenues projected at $374.15 million, down 2.1% from the previous year [3] - The consensus EPS estimate for the upcoming quarter has been revised 1.2% higher in the last 30 days, suggesting a potential for price appreciation [4] Industry Context - AdvanSix operates within the Zacks Chemical - Specialty industry, which includes other companies like Arcadium (ALTM), that has shown a 10.1% return in the past month [4] - Arcadium's consensus EPS estimate has decreased by 11.2% over the past month, indicating a significant decline of 88.2% compared to the previous year [5]