Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The price of QXO Inc (NASDAQ: QXO) closed at $17.32 in the last session, up 4.09% from day before closing price of $16.64. In other words, the price has increased by $4.09 from its previous closing price. On the day, 2.21 million shares were traded. QXO stock price reached its highest trading level at $17.33 during the session, while it also had its lowest trading level at $16.51.
Ratios:
We take a closer look at QXO’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 229.96. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, QXO now has a Market Capitalization of 7091328000 and an Enterprise Value of 2553508864. For the stock, the TTM Price-to-Sale (P/S) ratio is 123.72 while its Price-to-Book (P/B) ratio in mrq is 1.56. Its current Enterprise Value per Revenue stands at 44.926 whereas that against EBITDA is -70.217.
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 11.54%, while the 200-Day Moving Average is calculated to be -71.53%.
Shares Statistics:
According to the various share statistics, QXO traded on average about 2.42M shares per day over the past 3-months and 3678890 shares per day over the past 10 days. A total of 409.43M shares are outstanding, with a floating share count of 386.08M. Insiders hold about 5.70% of the company’s shares, while institutions hold 74.57% stake in the company. Shares short for QXO as of 1731628800 were 4988659 with a Short Ratio of 2.06, compared to 1728950400 on 4611168. Therefore, it implies a Short% of Shares Outstanding of 4988659 and a Short% of Float of 2.18.
