NX Stock Summary and Trading Ideas (Quanex Building Prods | NYSE:NX)

Quanex Building Products Corp is a manufacturer of components sold to original equipment manufacturers in the building products industry. It manufactures engineered products like window and door components that include flexible insulating glass spacers, extruded vinyl profiles, window and door screens, solar panel sealants and precision-formed metal and wood products among others. Its three operating segments are North American Fenestration being the key revenue driver, European Fenestration, and North American Cabinet Components. Geographically, it derives a majority of revenue from the United States.

Quanex Building Prods trades on the NYSE stock market under the symbol NX.

As of April 29, 2024, NX stock price climbed to $33.82 with 151,217 million shares trading.

NX has a beta of 1.48, meaning it tends to be more sensitive to market movements. NX has a correlation of 0.25 to the broad based SPY ETF.

NX has a market cap of $1.12 billion. This is considered a Small Cap stock.

Last quarter Quanex Building Prods reported $239 million in Revenue and $.18 earnings per share. This beat revenue expectation by $8 million and exceeded earnings estimates by $.07.

In the last 3 years, NX stock traded as high as $39.31 and as low as $18.00.

The top ETF exchange traded funds that NX belongs to (by Net Assets): IJR, VTI, CALF, VB, IWM.

NX has outperformed the market in the last year with a return of +81.1%, while the SPY ETF gained +27.8%. In the last 3 month period, NX beat the market returning +7.1%, while SPY returned +5.0%. However, in the most recent 2 weeks NX has underperformed the stock market by returning -5.7%, while SPY returned -0.2%.

NX support price is $32.97 and resistance is $34.65 (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 NX stock will trade within this expected range on the day.