In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
The closing price of QXO Inc (NYSE: QXO) was $13.08 for the day, up 0.31% from the previous closing price of $13.04. In other words, the price has increased by $0.31 from its previous closing price. On the day, 1.12 million shares were traded.
Ratios:
Our analysis of QXO’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 175.13. For the most recent quarter (mrq), Quick Ratio is recorded 258.64 and its Current Ratio is at 258.64. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 94.22 while its Price-to-Book (P/B) ratio in mrq is 1.18.
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 -11.33%, while the 200-Day Moving Average is calculated to be -67.25%.
Shares Statistics:
A total of 409.43M shares are outstanding, with a floating share count of 385.81M. Insiders hold about 5.77% of the company’s shares, while institutions hold 78.30% stake in the company.
