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

QXO Inc. (NASDAQ:QXO) currently has a daily average trading volume of 1.52M but it saw 1747417 shares traded in last market. With a market cap of 5.51B USD, the company’s current market price of $13.45 came falling about -4.41 while comparing to the previous closing price of $14.07. 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 $13.35 while lowest mark touched by it was $14.3942.

Taking a look at 20-day trading activity of QXO Inc. (QXO) gives us an average price of $12.39, while its current price level is -95.36% below from 52-week high level whereas it is 26.77% 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 $42.23 while that of 200 days or SMA-200 reads an average of $92.51. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.21% during that period while stretching the period over a month that increases to 8.53%. 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 37.40 which implies that the stock is in neutral territory.

Over the week, QXO’s stock price is moving -3.93% down while it is 7.60% when we observe its performance for the past one month. Year-to-date it is -88.20% down and over the past year, the stock is showing a downside performance of -46.18%.

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 96.43. Its return on asset (ROA) is -0.43% on average.