QXO Inc (NYSE: QXO) is -12.83% lower on its value in year-to-date trading and has touched a low of $10.61 and a high of $290.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The QXO stock was last observed hovering at around $13.80 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $13.86, the stock is 6.77% and 3.89% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.17 million and changing 0.43% at the moment leaves the stock -51.97% off its SMA200. QXO registered -84.80% loss for a year compared to 6-month loss of -8.09%. The firm has a 50-day simple moving average (SMA 50) of $13.3412 and a 200-day simple moving average (SMA200) of $28.85405.
The stock witnessed a 12.96% gain in the last 1 month and extending the period to 3 months gives it a -14.02%, and is 6.70% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.31% over the week and 5.47% over the month.
QXO Inc (QXO) has around 211 employees, a market worth around $5.67B and $56.87M in sales. Fwd P/E is 86.62. Profit margin for the company is -29.95%. Distance from 52-week low is 30.63% and -95.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.34%).
with sales reaching $12M over the same period.The EPS is expected to shrink by -9.09% this year, but quarterly earnings will post 4,392.47% year-over-year.
QXO Inc (QXO) Top Institutional Holders
217.0 institutions hold shares in QXO Inc (QXO), with institutional investors hold 84.52% of the company’s shares. The shares outstanding are 409.43M, and float is at 385.81M with Short Float at 1.94%. Institutions hold 84.43% of the Float.
The top institutional shareholder in the company is CITADEL ADVISORS LLC with over 9.3 million shares valued at $85.09 million. The investor’s holdings represent 2.5922% of the QXO Shares outstanding. As of 2024-06-30, the second largest holder is DRIEHAUS CAPITAL MANAGEMENT LLC with 2.24 million shares valued at $20.49 million to account for 0.6247 of the shares outstanding. The other top investors are GENDELL JEFFREY L which holds 38371.0 shares representing 0.0107% and valued at over $2.75 million, while MORGAN STANLEY holds 0.0064 of the shares totaling 23116.0 with a market value of $1.66 million.
QXO Inc (QXO) Insider Activity
The most recent transaction is an insider sale by MFN Partners, LP, the company’s 10% Owner. SEC filings show that MFN Partners, LP sold 7,000,000 shares of the company’s common stock on Nov 06 ’24 at a price of $15.05 per share for a total of $105.35 million. Following the sale, the insider now owns 46.91 million shares.
QXO Inc disclosed in a document filed with the SEC on Aug 26 ’24 that MFN Partners, LP (10% Owner) sold a total of 795,894 shares of the company’s common stock. The trade occurred on Aug 26 ’24 and was made at $15.05 per share for $11.98 million. Following the transaction, the insider now directly holds 53.91 million shares of the QXO stock.
Still, SEC filings show that on Jun 10 ’24, Meller Mark (Pres., SilverSun Technologies) disposed off 21,624 shares at an average price of $242.41 for $5.24 million. The insider now directly holds 174 shares of QXO Inc (QXO).
