QXO Inc (QXO) Stock Trading Recap
On Monday, QXO Inc (QXO) stock saw a modest uptick, ending the day at $14.46 which represents a slight increase of $0.55 or 3.95% from the prior close of $13.91. The stock opened at $14.08 and touched a low of $13.7 during the day, reaching a high of $14.65. The volume of shares traded was 2.97 million exceeding the average volume of 2.66 million.
QXO Stock Performance and Moving Averages
In recent trading, QXO Inc (QXO) stock price has shown some volatility, fluctuating 6.72% over the last five trades and 12.79% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -3.41%, and it has plunged by -5.86% in the previous three months. Currently, QXO is trading at 6.10%, 8.84%, and -27.24% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
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As of the latest trading close, QXO, a Technology sector stock, is trading -95.01% below its 52-week high but remains 36.29% above its 52-week low. The Average True Range (ATR) (14 days) of 0.94 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
QXO Inc’s Profitability and Valuation Ratios
QXO Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of -124.84% and a profit margin of -29.95%, with a gross margin of -3.41%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, QXO Inc’s market capitalization stands at $5.92 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 90.38. Additionally, the Price-to-Sales Ratio is 104.10, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.30, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 5.77% of QXO Inc (QXO)’s shares, while financial institutions hold 78.93%.
Notable insider trades include MFN Partners, LP, 10% Owner at QXO Inc (QXO), who sold 7,000,000 shares on Nov 06 ’24, at $15.05 each, totaling $105.35 million. On Aug 26 ’24, MFN Partners, LP, 10% Owner, sold 795,894 shares for $15.05 each, amounting to $11.98 million. Additionally, on Jun 10 ’24, Meller Mark sold 21,624 shares at $242.41 each, generating $5.24 million.
