At the time of writing, Quanex Building Products Corp [NX] stock is trading at $27.61, down -0.72%. An important factor to consider is whether the stock is rising or falling in short-term value. The NX shares have gain 3.84% over the last week, with a monthly amount drifted -11.62%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Quanex Building Products Corp [NYSE: NX] stock has seen the most recent analyst activity on September 04, 2020, when CJS Securities upgraded its rating to a Market Outperform. Previously, The Benchmark Company started tracking the stock with Buy rating on April 02, 2020, and set its price target to $13. On March 10, 2020, upgrade upgraded it’s rating to Buy but maintained its price target of $19 on the stock. CJS Securities downgraded its rating to a Market Perform. Seaport Global Securities initiated its recommendation with a Buy and recommended $19 as its price target on March 15, 2019. CJS Securities upgraded its rating to Market Outperform for this stock on December 12, 2018. In a note dated June 08, 2018, Sidoti downgraded an Neutral rating on this stock.
For the past year, the stock price of Quanex Building Products Corp fluctuated between $24.97 and $39.31. Quanex Building Products Corp [NYSE: NX] shares were valued at $27.61 at the most recent close of the market.
Analyzing the NX fundamentals
According to Quanex Building Products Corp [NYSE:NX], the company’s sales were 1.10B for trailing twelve months, which represents an -2.68% plunge. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.15 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.21.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 27.25 points at the first support level, and at 26.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.06, and for the 2nd resistance point, it is at 28.50.
Ratios To Look Out For
It is important to note that Quanex Building Products Corp [NYSE:NX] has a current ratio of 2.22. On the other hand, the Quick Ratio is 1.37, and the Cash Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 0.83, the price to book ratio is 1.61 and price to earnings (TTM) ratio is 11.29.
Transactions by insiders
Recent insider trading involved Cornett Paul, SVP General Counsel, Secretary, that happened on Mar 21 ’24 when 3064.0 shares were sold. SVP General Counsel, Secretary, Cornett Paul completed a deal on Mar 20 ’24 to sell 2436.0 shares. Meanwhile, Director STEVENS CURTIS M sold 4880.0 shares on Jan 04 ’24.
