Does QXO Inc. (QXO) offer a good opportunity for investors?

With 1.51 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.03 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $14.74 whereas the lowest price it dropped to was $13.84. The 52-week range on QXO shows that it touched its highest point at $290.00 and its lowest point at $10.61 during that stretch. It currently has a 1-year price target of $5.00. Beta for the stock currently stands at 2.31.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of QXO was down-trending over the past week, with a drop of -4.34%, but this was up by 15.21% over a month. Three-month performance dropped to -88.09% while six-month performance fell -85.02%. The stock lost -32.87% in the past year, while it has lost -87.25% so far this year.

Float and Shares Shorts:

At present, 409.43 million QXO shares are outstanding with a float of 392.75 million shares on hand for trading. On 2024-08-30, short shares totaled 0.53 million, which was 13.0 higher than short shares on 1722384000. In addition to Mr. Mark Meller as the firm’s President of SilverSun Technologies, Mr. Bradley S. Jacobs serves as its CEO & Chairman.

Institutional Ownership:

Through their ownership of 0.40269002 of QXO’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, QXO reported revenue of $14540000.0 and operating income of -$4301000.0. The EBITDA in the recently reported quarter was -$3944467.0 and diluted EPS was -$9.93.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for QXO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.