The stock of QXO Inc. (QXO) has seen a 4.40% increase in the past week, with a 5.98% gain in the past month, and a -77.04% decrease in the past quarter. The volatility ratio for the week is 4.51%, and the volatility levels for the past 30 days are at 5.35% for QXO. The simple moving average for the past 20 days is 2.61% for QXO’s stock, with a -79.22% simple moving average for the past 200 days.
Is It Worth Investing in QXO Inc. (NASDAQ: QXO) Right Now?
Additionally, the 36-month beta value for QXO is 2.31. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for QXO is 392.75M and currently, short sellers hold a 1.08% ratio of that float. The average trading volume of QXO on October 17, 2024 was 2.77M shares.
QXO) stock’s latest price update
QXO Inc. (NASDAQ: QXO)’s stock price has increased by 0.46 compared to its previous closing price of 15.34. However, the company has seen a 4.40% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-27 that QXO, formerly SilverSun Technologies, transformed into a cash-rich entity under Brad Jacobs, aiming to consolidate the $800B building products distribution industry. Jacobs’ successful “roll-up strategy” and proven track record in previous ventures like XPO and United Rentals suggest significant potential for value creation. Despite the current housing market downturn, Jacobs sees an opportunity to acquire undervalued suppliers, enhancing profitability through technology and efficient management.
QXO Trading at 10.16% from the 50-Day Moving Average
After a stumble in the market that brought QXO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -94.69% of loss for the given period.
Volatility was left at 5.35%, however, over the last 30 days, the volatility rate increased by 4.51%, as shares surge +5.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +35.53% upper at present.
During the last 5 trading sessions, QXO rose by +4.40%, which changed the moving average for the period of 200-days by -88.74% in comparison to the 20-day moving average, which settled at $15.02. In addition, QXO Inc. saw -86.49% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at QXO starting from MFN Partners, LP, who sale 795,894 shares at the price of $15.05 back on Aug 26 ’24. After this action, MFN Partners, LP now owns 53,908,701 shares of QXO Inc., valued at $11,978,205 using the latest closing price.
Meller Mark, the Pres., SilverSun Technologies of QXO Inc., sale 21,624 shares at $242.41 during a trade that took place back on Jun 10 ’24, which means that Meller Mark is holding 174 shares at $5,241,802 based on the most recent closing price.
Stock Fundamentals for QXO
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.38 for the gross margin
The net margin for QXO Inc. stands at -0.04. The total capital return value is set at -0.0. Equity return is now at value -0.44, with -0.43 for asset returns.
Based on QXO Inc. (QXO), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -78.56.
Currently, EBITDA for the company is 2.8 million with net debt to EBITDA at 469.11. When we switch over and look at the enterprise to sales, we see a ratio of 93.51. The receivables turnover for the company is 15.86for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 61.79.
Conclusion
In conclusion, QXO Inc. (QXO) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
