How to Buy Quanex Building Products Stock
Quanex Building Products Corp
Quanex Building Products is a building product & equipment company located in Texas, United States, which is part of the Basic Materials sector, and is traded under the ticker NX on the NYSE exchange.
Quanex Building Products stock last closed at $33.70, down 3.02% from the previous day, and has increased 66.26% in one year. It has overperformed other stocks in the Building Products & Equipment industry by 0.07 percentage points. Quanex Building Products stock is currently +80.12% from its 52-week low of $18.71, and -14.26% from its 52-week high of $39.31.
There are currently 33.1M NX shares outstanding. The market capitalization of NX is $1.12B. In the past 24 hours, 332,364 NX shares were traded.
How to Buy Quanex Building Products Stock
Not sure how to invest in Quanex Building Products stock? Here's how.
- Choose where to buy Quanex Building Products stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you decide where to buy Quanex Building Products stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your investment account: Choose your method of payment and add your info.
- Evaluate Quanex Building Products stock: The Quanex Building Products ticker symbol is NX. Is Quanex Building Products stock a good investment? Should you buy shares of NX? How do NX's underlying business fundamentals look? Do top analysts think Quanex Building Products is a good buy? Why has NX's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if NX is a good stock to buy).
- Make your NX purchase: Decide if you will purchase NX shares at the current market price or use a limit order to buy NX stock at a particular price.
- Keep tabs on your NX position: Create a watchlist to the latest updates on your investment in Quanex Building Products stock.
Step 1: Choose where to buy Quanex Building Products stock
You will need a brokerage account in order to access the NYSE market and buy NX shares.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've picked your brokerage, you need to fill out some personal info so you are able to buy NX today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create a new brokerage account.
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Step 3: Fund your investment account
Now that you've filled out your info on apps for stocks, your next step is to transfer the money for your investment:
Check out the video below for more details depositing money into your brokerage account.
Step 4: Evaluate Quanex Building Products stock
After you have decided on the best place to buy Quanex Building Products stock, it's crucial to evaluate their stock prior to buying, so you can understand the risk and opportunity.
Quanex Building Products Metrics
NX Fundamentals
WallStreetZen was built to help part-time investors do better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on NX's stock page.
Is NX stock undervalued or overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge NX's intrinsic value.
Using relative valuations ratios:
- NX may be undervalued based on its P/E ratio of 12.77x, relative to Building Products & Equipment industry P/E ratio of 26.91x
- NX may be undervalued based on its P/B ratio of 2.01x, relative to Building Products & Equipment industry P/B ratio of 5.27x
- NX could be undervalued based on its PEG ratio of 0.46x
You can do more valuation analysis on NX's stock here.
Is NX a healthy company?
Signs that NX is financially healthy:
- NX's operating cash flow of $147.77M allows it to safely service it's debt of $111.55M.
- NX profit margin has gone up from 6.5% to 7.8% in the past year.
- There are more short-term assets than long-term liabilities on the NX balance sheet.
- There are more short-term assets than short-term liabilities on the NX balance sheet.
- NX earnings of $109.52M is not sufficient to cover its interest payments.
- Total NX debt is lower than 5 years ago, relative to shareholder equity.
Signs that NX is not financially healthy:
- NX has a relatively high debt to equity ratio of 0.47.
Is it a good time to buy Quanex Building Products stock, according to analysts?
Out of 1 Wall Street analysts who give forecasts on NX, the consensus analyst rating on Quanex Building Products is a Strong Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Quanex Building Products stock forecast page.
NX Momentum
How are NX Revenues/Earnings doing?
Last year, NX earnings were $86.84M. During the past 5 year, NX's earnings have increased by 38.39% per year. This was faster than the Building Products & Equipment industry average of 10.91%.
Last year, NX revenue was $1.11B. Over the past five year, NX's revenue has grown by 4.36% per year. This was slower than the Building Products & Equipment industry average of 7.85%.
You can analyze NX's earnings and revenue performance here.
Latest Insiders Trades at NX
Over the last 12 months, insiders at NX have sold more shares than they have bought.
Paul Cornett, SVP General Counsel Secretary of NX, was the latest NX insider to sell. They sold $115,564.89 worth of NX stock on Mar 21, 2024.
Get more info about who owns NX stock here.
Does NX provide a stable income stream?
Quanex Building Products pays a dividend of 0.95%, compared to the Building Products & Equipment industry's average dividend yield of 1.08%. If you owned $1,000 worth of NX stock, you would have been paid $9.50 in the past 12 months.
Quanex Building Products dividend payments have consistently grown over the past decade and have remained stable.
Find more info about Quanex Building Products dividend yield and history here.
Get analysis from other investors
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Step 5: Make your NX purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually fine. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount limit, place a limit order.
Click the Open Trade button and your broker will execute the order.
If you want additional help with buying stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your NX position
Now that you own some NX stock, you'll want to keep up with your shares.
Create a watchlist to monitor your NX stock.
NX Feed
How to Buy Stock in Quanex Building Products
To summarize, here are the 6 steps for buying Quanex Building Products stock:
- Choose where to buy Quanex Building Products stock
- Create your brokerage account
- Fund your investment account
- Evaluate Quanex Building Products stock
- Make your NX purchase
- Keep tabs on your NX position
If you are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep tabs on your new investment in Quanex Building Products, click below.
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