The Week Ahead: Are Investors Really Too Optimistic About QXO Inc (NYSE: QXO)

QXO Inc (NYSE:QXO) currently has a daily average trading volume of 2.28M but it saw 1240140 shares traded in last market. With a market cap of 5.72B USD, the company’s current market price of $13.98 remained unchanged while comparing to the previous closing price of $13.98. 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 $13.71 while lowest mark touched by it was $14.12.

Taking a look at 20-day trading activity of QXO Inc (QXO) gives us an average price of $15.14, while its current price level is -95.18% below from 52-week high level whereas it is 31.76% 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 $15.90 while that of 200 days or SMA-200 reads an average of $51.44. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.50% during that period while stretching the period over a month that decreases to 4.80%. 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 37.55 which implies that the stock is in neutral territory.

Over the week, QXO’s stock price is moving -6.92% down while it is -13.28% when we observe its performance for the past one month. Year-to-date it is -12.08% down and over the past year, the stock is showing a downside performance of -85.02%.

The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of -0.02 while estimate for next year EPS is -0.06. Moreover, analysts are in estimates of $14M for current-quarter revenue.

Currently, QXO Inc’s total number of outstanding shares is 409.43M with 4.12% of that held by the insiders while 78.76% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -0.11% and return on equity (ROE) at 0.68%. Stock’s beta reads 2.26. Stock has a price to book (P/B) ratio of 1.26 while price to sale or P/S ratio amounts to 100.70. Its return on asset (ROA) is 0.67% on average.