QXO Inc (NYSE: QXO) kicked off on Monday, up 4.19% from the previous trading day, before settling in for the closing price of $12.88. Over the past 52 weeks, QXO has traded in a range of $10.61-$290.00.
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A company in the Technology sector has jumped its sales by 8.32% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded -9.09%. With a float of $421.37 million, this company’s outstanding shares have now reached $447.17 million.
In an organization with 211 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 40.06%, operating margin of -124.84%, and the pretax margin is 89.34%.
QXO Inc (QXO) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of QXO Inc is 5.77%, while institutional ownership is 72.34%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -9.09% per share during the next fiscal year.
QXO Inc (NYSE: QXO) Trading Performance Indicators
Take a look at QXO Inc’s (QXO) current performance indicators. Last quarter, stock had a quick ratio of 112.85. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 105.52. Likewise, its price to free cash flow for the trailing twelve months is 70.78.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.72, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach 0.16 in one year’s time.
Technical Analysis of QXO Inc (QXO)
Let’s dig in a bit further. During the last 5-days, its volume was 6.64 million. That was better than the volume of 3.19 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 36.09%. Additionally, its Average True Range was 0.87.
During the past 100 days, QXO Inc’s (QXO) raw stochastic average was set at 26.66%, which indicates a significant decrease from 50.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 83.31% in the past 14 days, which was higher than the 54.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.20, while its 200-day Moving Average is $17.78. However, in the short run, QXO Inc’s stock first resistance to watch stands at $13.76. Second resistance stands at $14.09. The third major resistance level sits at $14.52. If the price goes on to break the first support level at $13.00, it is likely to go to the next support level at $12.57. The third support level lies at $12.24 if the price breaches the second support level.
QXO Inc (NYSE: QXO) Key Stats
The company with the Market Capitalisation of 6.00 billion has total of 447,166K Shares Outstanding. Its annual sales at the moment are 56,870 K in contrast with the sum of 27,970 K annual income. Company’s last quarter sales were recorded 14,740 K and last quarter income was 11,290 K.
