How to Buy Nacco Industries Stock
Nacco Industries Inc
Nacco Industries is a coal company located in Ohio, United States, which is part of the Basic Materials sector, and is traded under the ticker NC on the NYSE exchange.
Nacco Industries stock last closed at $35.82, down 2.8% from the previous day, and has increased 25.11% in one year. It has overperformed other stocks in the Thermal Coal industry by 0.21 percentage points. Nacco Industries stock is currently +42.2% from its 52-week low of $25.19, and -9.66% from its 52-week high of $39.65.
There are currently 7.43M NC shares outstanding. The market cap of NC is $266.22M. In the last 24 hours, 13,225 NC shares were traded.
How to Buy Nacco Industries Stock
Not sure how to invest in Nacco Industries stock? Here's how.
- Choose where to buy Nacco Industries stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you choose where to buy Nacco Industries stock.
- Open a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Pick your payment method and add your information.
- Evaluate Nacco Industries stock: The Nacco Industries ticker symbol is NC. Is Nacco Industries stock a good investment? Should you buy shares of NC? How do NC's underlying business fundamentals look? Do top analysts think Nacco Industries is a good buy? Why has NC's stock price moved recently? (Hint: Our stock research website can help you evaluate if NC is a good stock to buy).
- Make your NC purchase: Decide if you will purchase NC shares at the current market price or use a limit order to buy NC shares at a given price.
- Get key alerts regarding your investment in NC: Create a watchlist to keep tabs on your position in Nacco Industries shares.
Step 1: Choose where to buy Nacco Industries stock
You will need a brokerage account to access the NYSE market and buy NC stock.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the best brokerage, it's time to fill out some personal details so you are able to invest in NC today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to start your new trading account.
- Send your details by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have created your account on stock apps to use, you can securely and quickly fund your account:
Check out the video below for more details transferring funds into your investment account.
Step 4: Evaluate Nacco Industries stock
Once you have chosen the best place to buy Nacco Industries stock, it's important to research their stock prior to buying, so you truly understand the risk as well as the upside.
Nacco Industries Numbers
Nacco Industries Due Diligence Score
WallStreetZen was built to help average investors do more in-depth fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on NC's stock page.
How is NC stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge NC's true value.
Using relative valuations measures:
- NC could be overvalued based on its P/E ratio of 7.82x, relative to Thermal Coal industry P/E ratio of 7.38x
- NC could be undervalued based on its P/B ratio of 0.66x, relative to Thermal Coal industry P/B ratio of 1.36x
You can do more valuation research on NC's stock here.
NC Financials at a glance
Positive Financial Indicators:
- NC has $72.83M in cash and short term investments. This is enough to cover its annual cash burn of $32.31M.
- NC has cash burn of 32308000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the NC balance sheet.
- There are more short-term assets than long-term liabilities on the NC balance sheet.
- NC profit margin has gone up from -18.4% to 14.2% in the past year.
Negative Financial Indicators:
- Total NC debt is higher than 5 years ago, relative to shareholder equity.
- NC has a relatively high debt to equity ratio of 0.56.
NC Momentum
NC Earnings
Last year, NC earnings were $33.74M. In the last five year, NC's earnings have increased by -4.21% per year. This was slower than the Thermal Coal industry average of 14.68%.
Last year, NC revenue was $237.71M. Over the past five year, NC's revenue has grown by 11.01% per year. This was faster than the Thermal Coal industry average of 5.06%.
Dig into NC's earnings and revenue performance here.
Latest Insiders Trades at NC
In the last 12 months, executives and large shareholders at NC have sold more shares than they have bought.
Thomas A. Maxwell, SVP Finance and Treasurer of NC, was the latest NC insider to sell. They sold $33,114.88 worth of NC shares on Jun 13, 2024.
Learn more about who owns NC shares here.
Does NC provide a stable income stream?
Nacco Industries pays a dividend of 1.91%, compared to the Thermal Coal industry's average dividend yield of 3.44%. If you owned $1,000 worth of NC stock, you would have received $19.12 last year.
Nacco Industries dividend payments have not consistently grown over the past decade and have not remained stable.
Get more info about Nacco Industries dividend yield and history here.
What do other traders have to say about NC?
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Make your NC purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually fine. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount, use a limit order.
Hit the Open button and your broker will execute the order.
If you need more help with buying stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your investment in NC
Now that you own some NC stock, you'll want to keep up with your new stock purchase.
Put NC on a watchlist to see the latest developments about your NC stock.
NC Feed
How to Buy Stock in Nacco Industries
To summarize, here are the 6 steps to buy stock in Nacco Industries:
- Choose where to buy Nacco Industries stock
- Open a brokerage account
- Deposit money your investment account
- Evaluate Nacco Industries stock
- Make your NC purchase
- Get key alerts regarding your investment in NC
If you need a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get updates on your new investment in Nacco Industries, click below.
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