The stock of Quanex Building Products Corp (NYSE: NX) has increased by 0.57 when compared to last closing price of 28.28. Despite this, the company has experienced a 5.69% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-06 that NX’s third-quarter fiscal 2024 results reflect lower demand due to increased interest rates and low consumer confidence.
Is It Worth Investing in Quanex Building Products Corp (NYSE: NX) Right Now?
The price-to-earnings ratio for Quanex Building Products Corp (NYSE: NX) is 12.64x, which is above its average ratio. Moreover, the 36-month beta value for NX is 1.27. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for NX is 46.73M and currently, short sellers hold a 3.82% of that float. On September 20, 2024, NX’s average trading volume was 636.06K shares.
NX’s Market Performance
The stock of Quanex Building Products Corp (NX) has seen a 5.69% increase in the past week, with a 3.01% rise in the past month, and a -1.46% fall in the past quarter. The volatility ratio for the week is 2.44%, and the volatility levels for the past 30 days are at 3.87% for NX. The simple moving average for the past 20 days is 3.83% for NX’s stock, with a -10.43% simple moving average for the past 200 days.
Analysts’ Opinion of NX
The Benchmark Company, on the other hand, stated in their research note that they expect to see NX reach a price target of $13. The rating they have provided for NX stocks is “Buy” according to the report published on April 02nd, 2020.
Sidoti gave a rating of “Buy” to NX, setting the target price at $19 in the report published on March 10th of the previous year.
NX Trading at -1.04% from the 50-Day Moving Average
After a stumble in the market that brought NX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.64% of loss for the given period.
Volatility was left at 3.87%, however, over the last 30 days, the volatility rate increased by 2.44%, as shares surge +2.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.38% upper at present.
During the last 5 trading sessions, NX rose by +5.69%, which changed the moving average for the period of 200-days by -10.23% in comparison to the 20-day moving average, which settled at $27.42. In addition, Quanex Building Products Corp saw -6.97% 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 NX starting from Cornett Paul, who sale 3,064 shares at the price of $37.72 back on Mar 21 ’24. After this action, Cornett Paul now owns 43,902 shares of Quanex Building Products Corp, valued at $115,566 using the latest closing price.
Cornett Paul, the SVP General Counsel, Secretary of Quanex Building Products Corp, sale 2,436 shares at $37.55 during a trade that took place back on Mar 20 ’24, which means that Cornett Paul is holding 44,530 shares at $91,480 based on the most recent closing price.
Stock Fundamentals for NX
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.22 for the gross margin
The net margin for Quanex Building Products Corp stands at 0.07. The total capital return value is set at 0.12. Equity return is now at value 13.28, with 8.64 for asset returns.
Based on Quanex Building Products Corp (NX), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 1.07. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 20.51.
Currently, EBITDA for the company is 148.05 million with net debt to EBITDA at 0.2. When we switch over and look at the enterprise to sales, we see a ratio of 1.27. The receivables turnover for the company is 12.15for trailing twelve months and the total asset turnover is 1.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.36.
Conclusion
To wrap up, the performance of Quanex Building Products Corp (NX) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
