A Few Bright Spots In QXO Inc. (NASDAQ: QXO)

QXO Inc. (NASDAQ:QXO) currently has a daily average trading volume of 1.22M but it saw 6839393 shares traded in last market. With a market cap of 5.73B USD, the company’s current market price of $14.00 came rising about 3.63 while comparing to the previous closing price of $13.51. 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 $13.64 while lowest mark touched by it was $15.61.

Taking a look at 20-day trading activity of QXO Inc. (QXO) gives us an average price of $17.64, while its current price level is -95.17% below from 52-week high level whereas it is 31.95% 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 $55.46 while that of 200 days or SMA-200 reads an average of $92.86. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.02% during that period while stretching the period over a month that decreases to 11.97%. 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 37.51 which implies that the stock is in neutral territory.

Over the week, QXO’s stock price is moving 23.35% up while it is -88.71% when we observe its performance for the past one month. Year-to-date it is -87.72% down and over the past year, the stock is showing a downside performance of -43.10%.

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 2.30. Stock has a price to book (P/B) ratio of 0.02 while price to sale or P/S ratio amounts to 100.37. Its return on asset (ROA) is -0.43% on average.