QXO Inc (NYSE: QXO) is -51.02% lower on its value in year-to-date trading and has touched a low of $10.61 and a high of $157.28 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 $21.17 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $21.05, the stock is -2.86% and 13.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.29 million and changing -0.57% at the moment leaves the stock 35.23% off its SMA200. QXO registered 32.39% gain for a year compared to 6-month gain of 37.76%. The firm has a 50-day simple moving average (SMA 50) of $18.5794 and a 200-day simple moving average (SMA200) of $15.5659.
The stock witnessed a 5.51% loss in the last 1 month and extending the period to 3 months gives it a 59.47%, and is -2.91% down 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 2.66% over the week and 4.34% over the month.
QXO Inc (QXO) has around 211 employees, a market worth around $14.11B and $55.95M in sales. Fwd P/E is 36.64. Profit margin for the company is -55.26%. Distance from 52-week low is 98.40% and -86.62% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.61%).
The EPS is expected to grow by 455.31% this year.
QXO Inc (QXO) Top Institutional Holders
278.0 institutions hold shares in QXO Inc (QXO), with institutional investors hold 57.44% of the company’s shares. The shares outstanding are 670.33M, and float is at 590.65M with Short Float at 5.75%. Institutions hold 57.39% 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 MILLENNIUM MANAGEMENT LLC which holds 2.22 million shares representing 0.6185% and valued at over $20.63 million, while GENDELL JEFFREY L holds 0.0107 of the shares totaling 38371.0 with a market value of $2.75 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.
