QXO Inc [NYSE: QXO] traded at a high on Wednesday, posting a 0.46 gain after which it closed the day’ session at $13.05.
The results of the trading session contributed to over 5293391 shares changing hands. Over the past one week, the price volatility of QXO Inc stands at 4.77% while the volatility over the past one month is 4.99%.
The market cap for QXO stock reached $5.34 billion, with 409.43 million shares outstanding and 385.81 million shares in the current float. Compared to the average trading volume of 2.03M shares, QXO reached a trading volume of 5293391 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 0.65, with the Price to Sales ratio for QXO stock in the period of the last 12 months amounting to 93.95. The Price to Book ratio for the last quarter was 1.17, with the Price to Cash per share for the same quarter was set at 12.39. Price to Free Cash Flow for QXO in the course of the last twelve months was 63.02 with Quick ratio for the last quarter at 112.85.
How has QXO stock performed recently?
QXO Inc [QXO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.74. With this latest performance, QXO shares dropped by -2.25% in over the last four-week period, additionally sinking by -5.09% over the last 6 months – not to mention a drop of -85.82% 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 49.22, with the RSI for the last a single of trading hit 52.70, and the three-weeks RSI is set at 46.90 for QXO Inc [QXO]. The present Moving Average for the last 50 days of trading for this stock 13.52, while it was recorded at 12.90 for the last single week of trading, and 31.54 for the last 200 days.
QXO Inc [QXO]: Deeper insight into the fundamentals
QXO Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 112.85 and a Current Ratio set at 112.85.
Insider trade positions for QXO Inc [QXO]
There are presently around $84.43%, or 84.52%% of QXO stock, in the hands of institutional investors. The top three institutional holders of QXO stocks are: CITADEL ADVISORS LLC with ownership of 9.3 million shares, which is approximately 2.5922%. DRIEHAUS CAPITAL MANAGEMENT LLC, holding 2.24 million shares of the stock with an approximate value of $$20.49 million in QXO stocks shares; and DRIEHAUS CAPITAL MANAGEMENT LLC, currently with $$2.75 million in QXO stock with ownership which is approximately 0.0107%.
