QXO Inc (NYSE:QXO) price closed higher on current market day and jumping 4.29% above its previous close.
A look at the daily price movement shows that the last close reads $16.79. Taking into account the 52-week price action we note that the stock hit a 52-week high of $290.00 and 52-week low of $10.61. The stock added 33.16% on its value in the past month.
QXO Inc, which has a market valuation of $9.08 billion, is expected to release its quarterly earnings report in June.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give QXO a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Buy.
The overview shows that QXO’s price is at present 23.79% off the SMA20 and 27.31% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 74.95, with weekly volatility standing at 6.31%. The indicator jumps to 5.27% when calculated based on the past 30 days. QXO Inc (NYSE:QXO)’s beta value is holding at 2.36, while the average true range (ATR) indicator is currently reading 0.81.
An analysis of the QXO Inc (NYSE:QXO) stock in terms of its daily trading volume indicates that the 3-month average is 4.05 million.
Current records show that the company has 518.68M in outstanding shares. The insiders’ percentage holdings are 9.76% of outstanding shares while the percentage share held by institutions stands at 65.21%. But the 10.13% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
