QXO Inc. (NASDAQ:QXO) traded at $15.59 at close of the session on current trade day and made an upward move of 4.14% on its previous day’s price.
Looking at the stock we see that its previous close was $14.97 and the beta (5Y monthly) reads 2.291 with the day’s price range being $14.82 – $15.69. In terms of its 52-week price range, QXO has a high of $290.00 and a low of $10.61. The company’s stock has gained about 4.28% over that past 30 days.
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QXO Inc. has a market cap of $6.38 billion and is expected to release its quarterly earnings report in November. Estimates by analysts give the company expected earnings per share (EPS) of 0.04, with the EPS growth for the year raised at 0.32 for current year and 0.32 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 14M, with a low of 14M and a high of 14M.
On the other hand, looking at the outlook for the QXO stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell.
Looking further, we note the current price level is 5.12% off its SMA20 and 13.37% from its 50-day simple moving average. The RSI (14) is pointing at 48.66 while the volatility over the past week is 6.04% and jumps to 5.85% over the past one month. The beta value is 2.32, while the average true range (ATR) is currently pointing at 1.35.
Coming back to QXO Inc. (NASDAQ:QXO), we note that the average 3-month trading volume was 2.71 million, while that of the preceding 10-day period stands at 1.42 million. Current shares outstanding are 409.43 million.
The insiders hold 4.07% of the company’s shares while institutions hold 42.75%. The data shows that short shares as of 2024-09-30, stood at 4.25 million at a short ratio of 1.33. This represents a 104.00 short interest in shares outstanding on 2024-09-30. Shares short rose in September from the previous month at 0.53 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -86.33% down in year-to-date price movement.
