QXO Inc (NYSE: QXO): Retirees Don’t Worry About Volatility

QXO Inc (NYSE:QXO) currently has a daily average trading volume of 4.40M but it saw 12707720 shares traded in last market. With a market cap of 8.91B USD, the company’s current market price of $17.06 came falling about -7.03 while comparing to the previous closing price of $18.35. 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 $14.68, while its current price level is -94.12% below from 52-week high level whereas it is 60.79% 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 $13.93 while that of 200 days or SMA-200 reads an average of $14.40. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.75% during that period while stretching the period over a month that decreases to 5.47%. 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 64.97 which implies that the stock is in neutral territory.

Over the week, QXO’s stock price is moving 6.36% up while it is 39.84% when we observe its performance for the past one month. Year-to-date it is 7.30% up and over the past year, the stock is showing a downside performance of -83.38%.

The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of -0.05 while estimate for next year EPS is -0.12. In next quarter, company is expected to be making quarterly sales of $14M as analysts are expecting the sales for current fiscal year at $2.56B and seeing the company making $10.66B in sales next year. Moreover, analysts are in estimates of $13M for current-quarter revenue.

Currently, QXO Inc’s total number of outstanding shares is 518.68M with 0.11% of that held by the insiders while 74.88% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -0.61% and return on equity (ROE) at 1.44%. It has a 106.62 of forward P/E ratio. Stock’s beta reads 2.37. Stock has a price to book (P/B) ratio of 1.53 while price to sale or P/S ratio amounts to 159.32. Its return on asset (ROA) is 1.43% on average.