The trading price of QXO Inc (NYSE:QXO) closed higher on Monday, June 16, and closing at $20.09, 2.19% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $169.01 and a 52-week low of $10.61. Over the past month, the stock has gained 23.48% in value.
QXO Inc, whose market valuation is $11.62 billion at the time of this writing, is expected to release its quarterly earnings report in July. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.04 per share this quarter, however they have predicted annual earnings per share of 0.39 for current year and 0.54 for next year.
Analysts have forecast the company to bring in revenue of 1.85B for the current quarter, with the likely lows of 1.8B and highs of 1.91B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 8.18B.
On the technical side, indicators suggest QXO has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that QXO’s price is currently 11.54% off the SMA20 and 29.53% off the SMA50. The RSI metric on the 14-day chart is currently showing 69.85, and weekly volatility stands at 1.93%. When measured over the past 30 days, the indicator reaches 4.15%. QXO Inc (NYSE:QXO)’s beta value is currently sitting at 2.37, while the Average True Range indicator is currently displaying 0.93.
To see how QXO Inc stock has been performing in comparison to its peers in the industry, here are the numbers: QXO stock’s performance was 2.19% in the latest trading, and -88.80% in the past year.
An evaluation of the daily trading volume of QXO Inc (NYSE:QXO) indicates that the 3-month average is 6.09 million.
Currently, records show that 578.26 million of the company’s shares remain outstanding. The insiders hold 11.89% of outstanding shares, whereas institutions hold 57.68%. However, since the stock’s price has seen 26.35% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
