QXO Inc (NASDAQ: QXO) on Friday, plunged -4.22% from the previous trading day, before settling in for the closing price of $16.12. Within the past 52 weeks, QXO’s price has moved between $10.61 and $290.00.
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During the last 5-year period, the sales growth of Technology Sector giant was 8.79%. With a float of $386.08 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 39.14%, operating margin of -65.94%, and the pretax margin is 40.37%.
QXO Inc (QXO) Insider Activity
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of QXO Inc is 5.70%, while institutional ownership is 74.58%. The most recent insider transaction that took place on Nov 06 ’24, was worth 105,350,000. In this transaction 10% Owner of this company sold 7,000,000 shares at a rate of $15.05, taking the stock ownership to the 46,908,701 shares. Before that another transaction happened on Aug 26 ’24, when Company’s 10% Owner sold 795,894 for $15.05, making the entire transaction worth $11,978,205. This insider now owns 53,908,701 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
QXO Inc (QXO) is currently performing well based on its current performance indicators. A quick ratio of 258.64 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 106.53. Likewise, its price to free cash flow for the trailing twelve months is 198.00.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.07, a number that is poised to hit -0.02 in the next quarter
Technical Analysis of QXO Inc (QXO)
Looking closely at QXO Inc (NASDAQ: QXO), its last 5-days average volume was 2.98 million, which is a jump from its year-to-date volume of 1.18 million. As of the previous 9 days, the stock’s Stochastic %D was 10.12%. Additionally, its Average True Range was 0.79.
During the past 100 days, QXO Inc’s (QXO) raw stochastic average was set at 63.80%, which indicates a significant increase from 8.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 47.53% in the past 14 days, which was lower than the 53.21% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.98, while its 200-day Moving Average is $60.64. However, in the short run, QXO Inc’s stock first resistance to watch stands at $16.09. Second resistance stands at $16.74. The third major resistance level sits at $17.17. If the price goes on to break the first support level at $15.01, it is likely to go to the next support level at $14.57. Should the price break the second support level, the third support level stands at $13.92.
QXO Inc (NASDAQ: QXO) Key Stats
Market capitalization of the company is 6.05 billion based on 409,430K outstanding shares. Right now, sales total 54,520 K and income totals -1,070 K. The company made 13,160 K in profit during its latest quarter, and 17,130 K in sales during its previous quarter.
