A new trading day began on Monday, with QXO Inc. (NASDAQ: QXO) stock price down -2.85% from the previous day of trading, before settling in for the closing price of $12.62. QXO’s price has ranged from $10.61 to $290.00 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 8.79%. With a float of $392.75 million, this company’s outstanding shares have now reached $409.43 million.
Let’s determine the extent of company efficiency that accounts for 195 employees. In terms of profitability, gross margin is 38.21%, operating margin of -5.65%, and the pretax margin is -4.87%.
QXO Inc. (QXO) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of QXO Inc. is 4.07%, while institutional ownership is 16.20%. The most recent insider transaction that took place on Jun 10 ’24, was worth 5,241,802. In this transaction Pres., SilverSun Technologies of this company sold 21,624 shares at a rate of $242.41, taking the stock ownership to the 174 shares. Before that another transaction happened on Jun 03 ’24, when Company’s Chief Executive Officer sold 53,856 for $18.38, making the entire transaction worth $989,997. This insider now owns 217,088 shares in total.
QXO Inc. (QXO) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2018, the company reported earnings of -0.24 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
QXO Inc. (NASDAQ: QXO) Trading Performance Indicators
Here are QXO Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 61.79. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 87.89. Likewise, its price to free cash flow for the trailing twelve months is 71708.74.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.26, a number that is poised to hit 0.05 in the next quarter
Technical Analysis of QXO Inc. (QXO)
Looking closely at QXO Inc. (NASDAQ: QXO), its last 5-days average volume was 2.77 million, which is a jump from its year-to-date volume of 0.43 million. As of the previous 9 days, the stock’s Stochastic %D was 70.27%. Additionally, its Average True Range was 8.87.
During the past 100 days, QXO Inc.’s (QXO) raw stochastic average was set at 0.59%, which indicates a significant decrease from 69.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 64.19% in the past 14 days, which was lower than the 322.47% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $67.24, while its 200-day Moving Average is $93.05. However, in the short run, QXO Inc.’s stock first resistance to watch stands at $12.79. Second resistance stands at $13.33. The third major resistance level sits at $13.65. If the price goes on to break the first support level at $11.93, it is likely to go to the next support level at $11.61. Should the price break the second support level, the third support level stands at $11.07.
QXO Inc. (NASDAQ: QXO) Key Stats
With a market capitalization of 5.02 billion, the company has a total of 409,430K Shares Outstanding. Currently, annual sales are 54,520 K while annual income is -1,070 K. The company’s previous quarter sales were 14,440 K while its latest quarter income was 140 K.
