Quanex Building Products Stock Price on January 31, 2024
| NX Stock | USD 33.81 0.15 0.45% |
Below is the normalized historical share price chart for Quanex Building Products extending back to March 17, 1980. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Quanex Building stands at 33.81, as last reported on the 29th of April, with the highest price reaching 33.99 and the lowest price hitting 33.59 during the day.
If you're considering investing in Quanex Stock, it is important to understand the factors that can impact its price. We consider Quanex Building very steady. Quanex Building Products maintains Sharpe Ratio (i.e., Efficiency) of 0.0518, which implies the firm had a 0.0518% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Quanex Building Products, which you can use to evaluate the volatility of the company. Please check Quanex Building's Semi Deviation of 1.86, coefficient of variation of 1104.61, and Risk Adjusted Performance of 0.0633 to confirm if the risk estimate we provide is consistent with the expected return of 0.1%.
At this time, Quanex Building's Common Stock Shares Outstanding is fairly stable compared to the past year. Stock Based Compensation is likely to rise to about 3.8 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 456.1 M in 2024. . Price Earnings Ratio is likely to rise to 12.90 in 2024, whereas Price To Sales Ratio is likely to drop 0.38 in 2024. Quanex Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 30th of December 1987 | 200 Day MA 30.7357 | 50 Day MA 35.5946 | Beta 1.357 |
Quanex |
Sharpe Ratio = 0.0518
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Estimated Market Risk
| 1.93 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.1 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Quanex Building is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Quanex Building by adding it to a well-diversified portfolio.
Price Book 2.1394 | Enterprise Value Ebitda 8.2041 | Price Sales 1.0719 | Shares Float 32.4 M | Dividend Share 0.32 |
Quanex Building Valuation on January 31, 2024
It is possible to determine the worth of Quanex Building on a given historical date. On January 31, 2024 Quanex was worth 32.14 at the beginning of the trading date compared to the closed value of 31.15. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Quanex Building stock. Still, in general, we apply an absolute valuation method to find Quanex Building's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Quanex Building where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Quanex Building's related companies.
| Open | High | Low | Close | Volume | |
| 31.76 | 32.21 | 31.76 | 32.09 | 87,658 | |
01/31/2024 | 32.14 | 32.27 | 31.15 | 31.15 | 157,616 |
| 31.49 | 31.93 | 31.22 | 31.74 | 81,644 |
| Backtest Quanex Building | | | Quanex Building History | | | Quanex Building Valuation | Previous | Next |
Quanex Building Trading Date Momentum on January 31, 2024
| On February 01 2024 Quanex Building Products was traded for 31.74 at the closing time. The highest price during the trading period was 31.93 and the lowest recorded bid was listed for 31.22 . The volume for the day was 81.6 K. This history from February 1, 2024 contributed to the next trading day price jump. The trading delta at closing time to the next closing price was 1.89% . The trading delta at closing time to the current price is 6.48% . |
Quanex Building Products Fundamentals Correlations and Trends
By evaluating Quanex Building's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Quanex Building's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Quanex financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Quanex Building Stock history
Quanex Building investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Quanex is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Quanex Building Products will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Quanex Building stock prices may prove useful in developing a viable investing in Quanex Building
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 38 M | 38.9 M | |
| Net Income Applicable To Common Shares | 94.9 M | 99.6 M |
Quanex Building Quarterly Net Working Capital |
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Quanex Building Stock Technical Analysis
Quanex Building technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Quanex Building Period Price Range
Low | January 31, 2024
| High |
32.14 | 31.15 |
Quanex Building April 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Quanex Building stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Quanex Building shares will generate the highest return on investment. By undertsting and applying Quanex Building stock market strength indicators, traders can identify Quanex Building Products entry and exit signals to maximize returns
| Accumulation Distribution | 5470.4 | |||
| Daily Balance Of Power | (0.88) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 31.71 | |||
| Day Typical Price | 31.52 | |||
| Price Action Indicator | (1.06) | |||
| Period Momentum Indicator | 2.66 |
Quanex Building Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Quanex Building's price direction in advance. Along with the technical and fundamental analysis of Quanex Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Quanex to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0633 | |||
| Jensen Alpha | 0.0018 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0421 | |||
| Treynor Ratio | 0.0801 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Quanex Building Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. 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.
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |
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.