Stocks of QXO Inc (NASDAQ:QXO) traded higher last session on Wall Street, up 2.62% to $15.65.
QXO stock price is now 5.13% away from the 50-day moving average and -76.61% away from the 200-day moving average. The market capitalization of the company currently stands at $6.41B.
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In other news, MFN Partners, LP, 10% Owner sold 795,894 shares of the company’s stock on Aug 26 ’24. The stock was sold for $11,978,205 at an average price of $15.05. Upon completion of the transaction, the 10% Owner now directly owns 53,908,701 shares in the company, valued at $843.67 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 10 ’24, Pres., SilverSun Technologies Meller Mark sold 21,624 shares of the business’s stock. A total of $5,241,802 was realized by selling the stock at an average price of $242.41. This leaves the insider owning 174 shares of the company worth $2723.1. A total of 4.07% of the company’s stock is owned by insiders.
During the past 12 months, QXO Inc has had a low of $10.61 and a high of $290.00. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 61.79, and a quick ratio of 61.79. The fifty day moving average price for QXO is $14.8556 and a two-hundred day moving average price translates $76.2574 for the stock.
The latest earnings results from QXO Inc (NASDAQ: QXO) was released for 2024-06-30. The net profit margin was -3.75% and return on equity was -0.44% for QXO. The company reported revenue of $14.54 million for the quarter, compared to $13.26 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.68 percent.
