QXO Inc (QXO): Uncovering A True Diamond In The Rough

QXO Inc (NASDAQ:QXO) currently has a daily average trading volume of 2.47M but it saw 1547055 shares traded in last market. With a market cap of 6.24B USD, the company’s current market price of $15.23 came falling about -0.20 while comparing to the previous closing price of $15.26. 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 $15.2 while lowest mark touched by it was $16.39.

Taking a look at 20-day trading activity of QXO Inc (QXO) gives us an average price of $15.39, while its current price level is -94.75% below from 52-week high level whereas it is 43.54% 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 $15.12 while that of 200 days or SMA-200 reads an average of $73.44. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.55% during that period while stretching the period over a month that decreases to 4.40%. 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 46.36 which implies that the stock is in neutral territory.

Over the week, QXO’s stock price is moving -2.68% down while it is -1.17% when we observe its performance for the past one month. Year-to-date it is -86.64% down and over the past year, the stock is showing a downside performance of -33.80%.

Currently, QXO Inc’s total number of outstanding shares is 409.43M. Company’s return on investment (ROI) stands at 0.34% and return on equity (ROE) at 0.68%. Stock’s beta reads 2.30. Stock has a price to book (P/B) ratio of 1.37 while price to sale or P/S ratio amounts to 109.70. Its return on asset (ROA) is 0.67% on average.