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.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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.
