NL Stock Summary and Trading Ideas (NL Industries | NYSE:NL)

NL Industries Inc operates in the component products industry through its majority-owned subsidiary, CompX International Inc. It manufactures engineered components that are sold to a range of industries, including recreational transportation, postal, office and institutional furniture, cabinetry, tool storage, healthcare, gas stations and vending equipment. CompX has three production facilities in the United States, through which it produces a precision ball bearing slide, security products, and ergonomic computer support systems. The company derives majority of its revenue from Europe.

NL Industries trades on the NYSE stock market under the symbol NL.

As of May 3, 2024, NL stock price climbed to $8.24 with 60,339 million shares trading.

NL has a beta of 0.22, meaning it tends to be less sensitive to market movements. NL has a correlation of 0.01 to the broad based SPY ETF.

NL has a market cap of $402.02 million. This is considered a Small Cap stock.

In the last 3 years, NL stock traded as high as $10.71 and as low as $4.46.

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

NL has outperformed the market in the last year with a price return of +36.5% while the SPY ETF gained +27.0%. NL has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +59.4% and +5.5%, respectively, while the SPY returned +3.7% and +3.3%, respectively.

NL support price is $7.77 and resistance is $8.31 (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 NL stock will trade within this expected range on the day.