QXO Inc. (NASDAQ: QXO) – Time For Strategy Change?

QXO Inc. (NASDAQ:QXO) currently has a daily average trading volume of 925.20K but it saw 3250148 shares traded in last market. With a market cap of 4.65B USD, the company’s current market price of $11.35 came rising about 5.58 while comparing to the previous closing price of $10.75. In past 52 weeks, the stock remained buoying in the range of price level as high as $290.00 and as low as $10.61. In the recent trading on the day, stock has struck highest price mark of $10.646 while lowest mark touched by it was $11.44.

Taking a look at 20-day trading activity of QXO Inc. (QXO) gives us an average price of $34.69, while its current price level is -96.09% below from 52-week high level whereas it is 6.97% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $73.75 while that of 200 days or SMA-200 reads an average of $93.17. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.80% during that period while stretching the period over a month that increases to 18.18%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 35.15 which implies that the stock is in neutral territory.

Over the week, QXO’s stock price is moving 1.79% up while it is -84.17% when we observe its performance for the past one month. Year-to-date it is -90.05% down and over the past year, the stock is showing a downside performance of -55.41%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.24 beaten by the consensus estimate of 0.4 for the same. The company is expected to be releasing its next quarterly report in September, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0. In next quarter, company is expected to be making quarterly sales of $10.54M as analysts are expecting the sales for current fiscal year at $41M and seeing the company making $43.3M in sales next year. Moreover, analysts are in estimates of $10.72M for current-quarter revenue.

Currently, QXO Inc.’s total number of outstanding shares is 409.43M. Company’s return on investment (ROI) stands at -0.22% and return on equity (ROE) at -0.44%. Stock’s beta reads 2.33. Stock has a price to book (P/B) ratio of 0.02 while price to sale or P/S ratio amounts to 81.37. Its return on asset (ROA) is -0.43% on average.