Quanex Building Products Corp (NYSE:NX) traded at $18.54 at close of the session on Tuesday, March 11 and made a downward move of -9.21% on its previous day’s price.
Quanex Building Products Corp has a market cap of $875.26 million and is expected to release its quarterly earnings report in April. With its Forward Dividend at 0.32 and a yield of 1.73%, the company’s investors could be anxious for the NX stock to gain ahead of the earnings release.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 442.42M, with a low of 435.7M and a high of 454.67M. The median projection represents growth squeezing down to 66.20% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 1.85B, or 44.68% up from figures reported last year.
On the other hand, looking at the outlook for the NX stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Quanex Building Products Corp (NX) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -9.63% off its SMA20 and -15.15% from its 50-day simple moving average. The RSI (14) is pointing at 35.08 while the volatility over the past week is 7.27% and jumps to 5.02% over the past one month. The beta value is 1.05, while the average true range (ATR) is currently pointing at 1.08.
