QXO has 36-month beta value of 2.31. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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 25, 2024 was 2.83M shares.
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QXO) stock’s latest price update
The stock price of QXO Inc. (NASDAQ: QXO) has dropped by -1.13 compared to previous close of 15.05. Despite this, the company has seen a fall of -3.50% in its stock price over the last five trading days. 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’s Market Performance
QXO’s stock has fallen by -3.50% in the past week, with a monthly drop of -1.46% and a quarterly drop of -81.09%. The volatility ratio for the week is 3.89% while the volatility levels for the last 30 days are 4.81% for QXO Inc.. The simple moving average for the past 20 days is -0.90% for QXO’s stock, with a -79.03% simple moving average for the past 200 days.
QXO Trading at 2.61% 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 -94.87% of loss for the given period.
Volatility was left at 4.81%, however, over the last 30 days, the volatility rate increased by 3.89%, as shares sank -2.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +38.42% upper at present.
During the last 5 trading sessions, QXO fell by -3.50%, which changed the moving average for the period of 200-days by -89.68% in comparison to the 20-day moving average, which settled at $15.02. In addition, QXO Inc. saw -86.95% 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 89.71. 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
To put it simply, QXO Inc. (QXO) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
