For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
After finishing at $17.19 in the prior trading day, QXO Inc (NYSE: QXO) closed at $16.75, down -2.56%. In other words, the price has decreased by -$2.56 from its previous closing price. On the day, 4.5 million shares were traded.
Ratios:
Our goal is to gain a better understanding of QXO by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 80.16. For the most recent quarter (mrq), Quick Ratio is recorded 95.23 and its Current Ratio is at 95.23. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 06 ’24 when MFN Partners, LP sold 7,000,000 shares for $15.05 per share. The transaction valued at 105,350,000 led to the insider holds 46,908,701 shares of the business.
MFN Partners, LP sold 795,894 shares of QXO for $11,978,205 on Aug 26 ’24. The 10% Owner now owns 53,908,701 shares after completing the transaction at $15.05 per share. On Jun 10 ’24, another insider, Meller Mark, who serves as the Pres., SilverSun Technologies of the company, sold 21,624 shares for $242.41 each. As a result, the insider received 5,241,802 and left with 174 shares of the company.
Stock Price History:
Over the past 52 weeks, QXO has reached a high of $290.00, while it has fallen to a 52-week low of $10.61. The 50-Day Moving Average of the stock is 14.11%, while the 200-Day Moving Average is calculated to be 14.13%.
Shares Statistics:
A total of 578.26M shares are outstanding, with a floating share count of 509.53M. Insiders hold about 11.89% of the company’s shares, while institutions hold 58.68% stake in the company.
