A new trading day began on Friday, with QXO Inc (NYSE: QXO) stock price up 13.43% from the previous day of trading, before settling in for the closing price of $16.75. 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 8.11%. Meanwhile, its annual earnings per share averaged 222.73%. With a float of $509.53 million, this company’s outstanding shares have now reached $578.26 million.
Let’s determine the extent of company efficiency that accounts for 211 employees. In terms of profitability, gross margin is 40.51%, operating margin of -197.54%, and the pretax margin is 121.32%.
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 11.89%, while institutional ownership is 58.68%. 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
According to the Wall Street analysts, stocks earnings will be around 222.73% per share during the next fiscal year.
QXO Inc (NYSE: 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 95.23. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 196.37. Likewise, its price to free cash flow for the trailing twelve months is 90.93.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.96, a number that is poised to hit -0.01 in the next quarter and is forecasted to reach 0.33 in one year’s time.
Technical Analysis of QXO Inc (QXO)
Looking closely at QXO Inc (NYSE: QXO), its last 5-days average volume was 6.57 million, which is a jump from its year-to-date volume of 4.16 million. As of the previous 9 days, the stock’s Stochastic %D was 69.19%. Additionally, its Average True Range was 0.97.
During the past 100 days, QXO Inc’s (QXO) raw stochastic average was set at 94.09%, which indicates a significant increase from 87.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 71.76% in the past 14 days, which was higher than the 60.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.79, while its 200-day Moving Average is $14.71. However, in the short run, QXO Inc’s stock first resistance to watch stands at $19.72. Second resistance stands at $20.43. The third major resistance level sits at $21.42. If the price goes on to break the first support level at $18.02, it is likely to go to the next support level at $17.03. Should the price break the second support level, the third support level stands at $16.32.
QXO Inc (NYSE: QXO) Key Stats
With a market capitalization of 10.99 billion, the company has a total of 578,266K Shares Outstanding. Currently, annual sales are 56,870 K while annual income is 27,970 K. The company’s previous quarter sales were 13,510 K while its latest quarter income was 8,760 K.
