QXO Inc (NYSE:QXO) price on Thursday, May 22, fall -1.41% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $16.82.
A look at the stock’s price movement, the close in the last trading session was $17.06. Turning to its 52-week performance, $290.00 and $10.61 were the 52-week high and 52-week low respectively. Overall, QXO moved 34.99% over the past month.
QXO Inc’s market cap currently stands at around $8.79 billion, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 13M for the company’s revenue for the quarter, with a low and high estimate of 13M and 13M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.56B, representing a 4,392.47% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that QXO is a 100% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
QXO’s current price about 12.99% and 20.00% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 62.87, while 7-day volatility ratio is 5.62% and 3.81% in the 30-day chart. Further, QXO Inc (QXO) has a beta value of 2.37, and an average true range (ATR) of 0.99.
If we refocus on QXO Inc (NYSE:QXO), historical trading data shows that trading volumes averaged 4.40 million over the past 3 months. The company’s latest data on shares outstanding shows there are 522.51 million shares.
The 9.76% of QXO Inc’s shares are in the hands of company insiders while institutional holders own 64.74% of the company’s shares. Current price change has pushed the stock 5.79% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the QXO stock continues to rise going into the next quarter.
