Why QXO Inc. (QXO) Should Be On Your Radar Moving Forward

QXO Inc. (NASDAQ:QXO) shares traded 3.73% higher at $12.50 on Wall Street last session.

QXO stock price is now -87.35% away from the 50-day moving average and -84.63% away from the 200-day moving average. The market capitalization of the company currently stands at $8.25M.

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In other news, Meller Mark, Pres., SilverSun Technologies sold 21,624 shares of the company’s stock on Jun 10 ’24. The stock was sold for $5,241,802 at an average price of $242.41. Upon completion of the transaction, the Pres., SilverSun Technologies now directly owns 174 shares in the company, valued at $2175.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 04 ’24, Chief Executive Officer Meller Mark sold 42,700 shares of the business’s stock. A total of $802,360 was realized by selling the stock at an average price of $18.79. This leaves the insider owning 174,388 shares of the company worth $2.18 million. A total of 0.45% of the company’s stock is owned by insiders.

During the past 12 months, QXO Inc. has had a low of $10.75 and a high of $290.00. As of last week, the company has a debt-to-equity ratio of 0.31, a current ratio of 0.94, and a quick ratio of 0.94. The fifty day moving average price for QXO is $102.1736 and a two-hundred day moving average price translates $93.9826 for the stock.

The latest earnings results from QXO Inc. (NASDAQ: QXO) was released for 2024-03-31. The net profit margin was -2.17% and return on equity was -13.84% for QXO. The company reported revenue of $14.44 million for the quarter, compared to $13.13 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.96 percent.

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