NC Stock Summary and Trading Ideas (Nacco Industries | NYSE:NC)

NACCO Industries Inc is a holding company that operates in the mining and natural resource industries. It has three operating segments that are coal mining, North American mining (NA mining), and minerals management. The majority of its revenue is from the coal mining segment. This segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The NA mining segment provides value-add contract mining and services for producers. Minerals management generates income from royalty-based leases by acquiring and promoting oil, gas, and coal mineral interests. The company is diversifying beyond coal mining due to political and economic pressures associated with carbon emissions.

Nacco Industries trades on the NYSE stock market under the symbol NC.

As of December 13, 2024, NC stock price climbed to $30.46 with 4,791 million shares trading.

NC has a market cap of $226.94 million. This is considered a Small Cap stock.

In the last 3 years, NC traded as high as $63.19 and as low as $25.19.

The top ETF exchange traded funds that NC belongs to (by Net Assets): VTI, IWM, VXF, IWN, AVUV.

NC has underperformed the market in the last year with a price return of -6.5% while the SPY ETF gained +29.9%. However, in the short term, NC had mixed performance relative to the market. It has outperformed in the last 3 months, returning +16.9% vs +7.8% return in SPY. But in the last 2 weeks, NC shares have been beat by the market, returning -4.0% compared to an SPY return of +0.3%.

NC support price is $29.26 and resistance is $31.62 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NC shares will trade within this expected range on the day.