Quanex Building Products Stock Buy Hold or Sell Recommendation
NX Stock | USD 33.69 0.95 2.74% |
Allowing for the 90-day total investment horizon and your above-average risk tolerance, our recommendation regarding Quanex Building Products is 'Strong Hold'. Macroaxis provides Quanex Building buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding NX positions. The advice algorithm takes into account all of Quanex Building's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Quanex Building's buy or sell advice are summarized below:
Real Value 33.5 | Target Price 32.67 | Hype Value 33.99 | Market Value 33.69 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Quanex Building Products given historical horizon and risk tolerance towards Quanex Building. When Macroaxis issues a 'buy' or 'sell' recommendation for Quanex Building Products, the advice is generated through an automated system that utilizes algorithms and statistical models.
Quanex |
Execute Quanex Building Buy or Sell Advice
The Quanex recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Quanex Building Products. Macroaxis does not own or have any residual interests in Quanex Building Products or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Quanex Building's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
Strong Hold
Market Performance | OK | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Quanex Building Trading Alerts and Improvement Suggestions
Quanex Building has a poor financial position based on the latest SEC disclosures | |
Over 99.0% of the company shares are owned by institutional investors | |
Latest headline from prnewswire.com: Die NX Group beginnt mit dem Angebot des NX-GREEN SAF Program in Japan |
Quanex Building Returns Distribution Density
The distribution of Quanex Building's historical returns is an attempt to chart the uncertainty of Quanex Building's future price movements. The chart of the probability distribution of Quanex Building daily returns describes the distribution of returns around its average expected value. We use Quanex Building Products price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Quanex Building returns is essential to provide solid investment advice for Quanex Building.
Mean Return | 0.15 | Value At Risk | -2.93 | Potential Upside | 2.79 | Standard Deviation | 1.90 |
Return Density |
Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Quanex Building historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Quanex Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Quanex Building is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Quanex Building Products backward and forwards among themselves. Quanex Building's institutional investor refers to the entity that pools money to purchase Quanex Building's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Geode Capital Management, Llc | 2023-12-31 | 706.5 K | American Century Companies Inc | 2023-12-31 | 599.8 K | Royce & Associates, Lp | 2023-12-31 | 586.5 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 547.4 K | Charles Schwab Investment Management Inc | 2023-12-31 | 509.6 K | Bank Of New York Mellon Corp | 2023-12-31 | 358.2 K | Loomis, Sayles & Company Lp | 2023-12-31 | 350.6 K | Northern Trust Corp | 2023-12-31 | 345.4 K | Bank Of America Corp | 2023-12-31 | 305.8 K | Blackrock Inc | 2023-12-31 | 5.3 M | Vanguard Group Inc | 2023-12-31 | 3.7 M |
Quanex Building Cash Flow Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Change To Inventory | 6.1M | (31.4M) | (32.0M) | 30.0M | 34.5M | 36.3M | |
Change In Cash | 20.8M | (11.6M) | 15.0M | 3.4M | 3.0M | 5.0M | |
Free Cash Flow | 75.1M | 54.6M | 64.8M | 109.7M | 126.1M | 132.4M | |
Depreciation | 47.2M | 42.7M | 40.1M | 42.9M | 49.3M | 56.5M | |
Other Non Cash Items | 1.7M | 5.2M | 2.0M | 1.8M | 2.1M | 2.0M | |
Dividends Paid | 10.5M | 10.8M | 10.6M | 10.6M | 9.6M | 7.4M | |
Capital Expenditures | 25.7M | 24.0M | 33.1M | 37.4M | 33.7M | 29.4M | |
Net Income | 38.5M | 57.0M | 88.3M | 82.5M | 74.3M | 78.0M | |
End Period Cash Flow | 51.6M | 40.1M | 55.1M | 58.5M | 67.2M | 62.2M | |
Change To Netincome | 2.4M | 8.9M | 6.4M | 9.5M | 10.9M | 9.5M | |
Change Receivables | 574K | (5.8M) | (19.0M) | 6.9M | 6.3M | 6.6M | |
Net Borrowings | (40.5M) | (65.7M) | (28.0M) | (567K) | (510.3K) | (535.8K) | |
Investments | (25.2M) | (18.7M) | (33.0M) | (128.4M) | (147.7M) | (155.1M) |
Quanex Building Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Quanex Building or Building Products sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Quanex Building's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Quanex stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.02 | |
β | Beta against NYSE Composite | 1.99 | |
σ | Overall volatility | 1.92 | |
Ir | Information ratio | 0.03 |
Quanex Building Volatility Alert
Quanex Building Products currently demonstrates below-average downside deviation. It has Information Ratio of 0.03 and Jensen Alpha of -0.02. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Quanex Building's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Quanex Building's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Quanex Building Fundamentals Vs Peers
Comparing Quanex Building's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Quanex Building's direct or indirect competition across all of the common fundamentals between Quanex Building and the related equities. This way, we can detect undervalued stocks with similar characteristics as Quanex Building or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Quanex Building's fundamental indicators could also be used in its relative valuation, which is a method of valuing Quanex Building by comparing valuation metrics with those of similar companies.
Better Than Average | Worse Than Average | Compare Quanex Building to competition |
Fundamentals | Quanex Building | Peer Average |
Return On Equity | 0.17 | -0.31 |
Return On Asset | 0.0828 | -0.14 |
Profit Margin | 0.08 % | (1.27) % |
Operating Margin | 0.03 % | (5.51) % |
Current Valuation | 1.21 B | 16.62 B |
Shares Outstanding | 33.1 M | 571.82 M |
Shares Owned By Insiders | 1.31 % | 10.09 % |
Shares Owned By Institutions | 98.50 % | 39.21 % |
Number Of Shares Shorted | 607.76 K | 4.71 M |
Price To Earning | 16.87 X | 28.72 X |
Price To Book | 2.14 X | 9.51 X |
Price To Sales | 1.07 X | 11.42 X |
Revenue | 1.13 B | 9.43 B |
Gross Profit | 277.52 M | 27.38 B |
EBITDA | 148.05 M | 3.9 B |
Net Income | 82.5 M | 570.98 M |
Cash And Equivalents | 55.09 M | 2.7 B |
Cash Per Share | 1.52 X | 5.01 X |
Total Debt | 116.39 M | 5.32 B |
Debt To Equity | 0.23 % | 48.70 % |
Current Ratio | 1.93 X | 2.16 X |
Book Value Per Share | 16.89 X | 1.93 K |
Cash Flow From Operations | 147.05 M | 971.22 M |
Short Ratio | 3.17 X | 4.00 X |
Earnings Per Share | 2.63 X | 3.12 X |
Price To Earnings To Growth | 1.07 X | 4.89 X |
Target Price | 38.5 | |
Number Of Employees | 3.79 K | 18.84 K |
Beta | 1.36 | -0.15 |
Market Capitalization | 1.12 B | 19.03 B |
Total Asset | 831.14 M | 29.47 B |
Retained Earnings | 409.32 M | 9.33 B |
Working Capital | 138.94 M | 1.48 B |
Note: Acquisition by George Wilson of 29200 shares of Quanex Building subject to Rule 16b-3 [view details]
Quanex Building Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Quanex . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Quanex Building Buy or Sell Advice
When is the right time to buy or sell Quanex Building Products? Buying financial instruments such as Quanex Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 87.7M | 116.4M | 104.7M | 95.9M | Total Assets | 724.6M | 831.1M | 955.8M | 795.7M |
Use Investing Ideas to Build Portfolios
In addition to having Quanex Building in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Electronic Equipment Thematic Idea Now
Electronic Equipment
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Electronic Equipment theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Electronic Equipment Theme or any other thematic opportunities.
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Check out Quanex Building Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Quanex Stock analysis
When running Quanex Building's price analysis, check to measure Quanex Building's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Quanex Building is operating at the current time. Most of Quanex Building's value examination focuses on studying past and present price action to predict the probability of Quanex Building's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quanex Building's price. Additionally, you may evaluate how the addition of Quanex Building to your portfolios can decrease your overall portfolio volatility.
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Fundamental Analysis View fundamental data based on most recent published financial statements |
Is Quanex Building's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Quanex Building. If investors know Quanex will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Quanex Building listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 2.28 | Dividend Share 0.32 | Earnings Share 2.63 | Revenue Per Share 33.788 | Quarterly Revenue Growth (0.09) |
The market value of Quanex Building Products is measured differently than its book value, which is the value of Quanex that is recorded on the company's balance sheet. Investors also form their own opinion of Quanex Building's value that differs from its market value or its book value, called intrinsic value, which is Quanex Building's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Quanex Building's market value can be influenced by many factors that don't directly affect Quanex Building's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Quanex Building's value and its price as these two are different measures arrived at by different means. Investors typically determine if Quanex Building is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quanex Building's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.