QXO Inc. [NASDAQ: QXO] stock went on an upward path that rose over 8.95% on Wednesday, amounting to a one-week price increase of more than 25.67%.
Over the last 12 months, QXO stock dropped by -46.65%. The one-year QXO Inc. stock forecast points to a potential downside of -170.2. The average equity rating for QXO stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $5.53 billion, with 409.43 million shares outstanding and 392.75 million shares in the current float. Compared to the average trading volume of 1.13M shares, QXO stock reached a trading volume of 5654583 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on QXO Inc. [QXO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for QXO shares is $5.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on QXO stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for QXO Inc. is set at 7.86, with the Price to Sales ratio for QXO stock in the period of the last 12 months amounting to 96.86. The Price to Book ratio for the last quarter was 0.02, with the Price to Cash per share for the same quarter was set at 2.37. Price to Free Cash Flow for QXO in the course of the last twelve months was 79019.99 with Quick ratio for the last quarter at 61.79.
QXO Stock Performance Analysis:
QXO Inc. [QXO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 25.67. With this latest performance, QXO shares dropped by -82.96% in over the last four-week period, additionally sinking by -86.72% over the last 6 months – not to mention a drop of -46.65% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for QXO stock in for the last two-week period is set at 37.04, with the RSI for the last a single of trading hit 36.80, and the three-weeks RSI is set at 38.07 for QXO Inc. [QXO]. The present Moving Average for the last 50 days of trading for this stock 58.64, while it was recorded at 12.43 for the last single week of trading, and 92.92 for the last 200 days.
Insight into QXO Inc. Fundamentals:
QXO Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 61.79 and a Current Ratio set at 61.79.
