QXO Inc (NYSE: QXO) Recovers 26.30% From 52-Week Low, Is QXO Still A High-Risk, High-Reward Play?

QXO Inc (NYSE:QXO) currently has a daily average trading volume of 2.27M but it saw 1005947 shares traded in last market. With a market cap of 5.49B USD, the company’s current market price of $13.40 came falling about -0.52 while comparing to the previous closing price of $13.47. 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 $13.23 while lowest mark touched by it was $13.57.

Taking a look at 20-day trading activity of QXO Inc (QXO) gives us an average price of $13.70, while its current price level is -95.38% below from 52-week high level whereas it is 26.30% 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 $15.15 while that of 200 days or SMA-200 reads an average of $44.85. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.74% during that period while stretching the period over a month that increases to 5.53%. 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 40.45 which implies that the stock is in neutral territory.

Over the week, QXO’s stock price is moving -7.07% down while it is -12.76% when we observe its performance for the past one month. Year-to-date it is -15.72% down and over the past year, the stock is showing a downside performance of -86.54%.

The company is expected to be releasing its next quarterly report in March, 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 4.14% of that held by the insiders while 81.45% 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 2.33. Stock has a price to book (P/B) ratio of 1.21 while price to sale or P/S ratio amounts to 96.52. Its return on asset (ROA) is 0.67% on average.