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 $27.66, up 0.36% from the previous day, and has increased 43.69% in one year. It has overperformed other stocks in the Building Products & Equipment industry by 0.24 percentage points. Quanex Building Products stock is currently +53.67% from its 52-week low of $18.00, and -6.65% from its 52-week high of $29.63.
There are currently 32.99M NX shares outstanding. The market capitalization of NX is $912.40M. In the past 24 hours, 70,882 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.
Our recommended brokerage: eToro
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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.
- Enter your personal info to create a new brokerage account.
- Submit your information by clicking the "Create Account" button.
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 11.38x, relative to Building Products & Equipment industry P/E ratio of 23.32x
- NX may be undervalued based on its P/B ratio of 1.73x, relative to Building Products & Equipment industry P/B ratio of 4.26x
- NX could be undervalued based on its PEG ratio of 0.7x
You can do more valuation analysis on NX's stock here.
Is NX a healthy company?
Signs that NX is financially healthy:
- Total NX debt is lower than 5 years ago, relative to shareholder equity.
- NX earnings of $100.50M is not sufficient to cover its interest payments.
- There are more short-term assets than long-term liabilities on the NX balance sheet.
- NX's operating cash flow of $150.67M allows it to safely service it's debt of $156.19M.
- There are more short-term assets than short-term liabilities on the NX balance sheet.
Signs that NX is not financially healthy:
- NX has a relatively high debt to equity ratio of 0.61.
- NX profit margin of X% has stayed the same in the past year.
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.
Latest NX Analyst Upgrades/Downgrades
Reuben Garner, a top 6% analyst from Benchmark reiterates NX with a strong buy rating and maintains their NX price target from $33.00 to $33.00, on Sep 6, 2023.
You can dive deeper into what analysts are projecting on the Quanex Building Products stock forecast page.
NX Momentum
NX Earnings
Last year, NX earnings were $79.79M. In the last five year, NX's earnings have gone up by 22.25% per year. This was slower than the Building Products & Equipment industry average of 29.1%.
Last year, NX revenue was $1.14B. During the past five year, NX's revenue has gone up by 5.41% per year. This was slower than the Building Products & Equipment industry average of 19.73%.
You can research NX's earnings and revenue performance here.
Who is buying/selling NX?
In the past 12 months, insiders at NX have sold more shares than they have bought.
Curtis M. Stevens, Director of NX, was the latest NX insider to buy. They bought $89,060.02 worth of NX shares on Sep 5, 2023.
Research more about who owns NX stock here.
Does NX provide a stable income stream?
Quanex Building Products pays a dividend of 1.16%, compared to the Building Products & Equipment industry's average dividend yield of 2.18%. If you owned $1,000 worth of NX stock, you would have received $11.57 last year.
Quanex Building Products dividend payments have consistently grown over the past decade and have remained stable.
Get more data about Quanex Building Products dividend yield and history here.
What do other investors have to say about NX?
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Make your NX purchase
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally fine for most investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given dollar amount, use a limit order.
Hit the Open Trade button and eToro will place the order.
If you want more help with buying stocks on eToro, watch the helpful 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 new stock purchase.
Add NX to a watchlist to track the latest developments regarding your NX stock.
NX Feed
How to Buy Stock in Quanex Building Products
To summarize, here are the 6 steps to buy 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 need a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to track your new investment in Quanex Building Products, hit the button below to create your watchlist.
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