On Tuesday, QXO Inc. (NASDAQ: QXO) opened lower -3.77% from the last session, before settling in for the closing price of $13.81. Price fluctuations for QXO have 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
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of QXO Inc. is 4.07%, while institutional ownership is 42.73%. The most recent insider transaction that took place on Aug 26 ’24, was worth 11,978,205. In this transaction 10% Owner of this company sold 795,894 shares at a rate of $15.05, taking the stock ownership to the 53,908,701 shares. Before that another transaction happened on Jun 10 ’24, when Company’s Pres., SilverSun Technologies sold 21,624 for $242.41, making the entire transaction worth $5,241,802. This insider now owns 174 shares in total.
QXO Inc. (QXO) Earnings and Forecasts
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
Check out the current performance indicators for QXO Inc. (QXO). In the past quarter, the stock posted a quick ratio of 61.79. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 95.28. Likewise, its price to free cash flow for the trailing twelve months is 77733.21.
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 1.98 million, which is a jump from its year-to-date volume of 0.62 million. As of the previous 9 days, the stock’s Stochastic %D was 41.33%. Additionally, its Average True Range was 4.87.
During the past 100 days, QXO Inc.’s (QXO) raw stochastic average was set at 0.96%, which indicates a significant decrease from 53.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 75.74% in the past 14 days, which was lower than the 323.30% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $39.40, while its 200-day Moving Average is $92.37. However, in the short run, QXO Inc.’s stock first resistance to watch stands at $13.78. Second resistance stands at $14.28. The third major resistance level sits at $14.61. If the price goes on to break the first support level at $12.96, it is likely to go to the next support level at $12.63. Should the price break the second support level, the third support level stands at $12.14.
QXO Inc. (NASDAQ: QXO) Key Stats
There are currently 409,430K shares outstanding in the company with a market cap of 5.44 billion. Presently, the company’s annual sales total 54,520 K according to its annual income of -1,070 K. Last quarter, the company’s sales amounted to 14,540 K and its income totaled -590 K.
