Should You Sell QXO Inc (QXO) And Go Away This Year?

QXO Inc (NYSE:QXO) currently has a daily average trading volume of 3.70M but it saw 6396080 shares traded in last market. With a market cap of 5.97B USD, the company’s current market price of $13.34 came falling about -0.37 while comparing to the previous closing price of $13.39. 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.

Taking a look at 20-day trading activity of QXO Inc (QXO) gives us an average price of $13.42, while its current price level is -95.40% below from 52-week high level whereas it is 25.73% 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 $13.31 while that of 200 days or SMA-200 reads an average of $16.27. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.46% during that period while stretching the period over a month that increases to 6.05%. 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 49.37 which implies that the stock is in neutral territory.

Year-to-date it is -16.10% down and over the past year, the stock is showing a downside performance of -85.66%.

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 1.11%. It has a 83.38 of forward P/E ratio. Stock’s beta reads 2.34. Stock has a price to book (P/B) ratio of 1.20 while price to sale or P/S ratio amounts to 104.89. Its return on asset (ROA) is 1.09% on average.