QXO Inc. (NASDAQ: QXO) Continues To Thrive In 2024, As Its Stock Is Down -90.22% Year-To-Date

During the last session, QXO Inc. (NASDAQ:QXO)’s traded shares were 1.89 million, with the beta value of the company hitting 2.31. At the end of the trading day, the stock’s price was $11.15, reflecting an intraday gain of 1.46% or $0.16. The 52-week high for the QXO share is $290.00, that puts it down -2500.9 from that peak though still a striking 4.84% gain since the share price plummeted to a 52-week low of $10.61. The company’s market capitalization is $4.57B, and the average intraday trading volume over the past 10 days was 4.73 million shares, and the average trade volume was 749.76K shares over the past three months.

QXO Inc. (NASDAQ:QXO) trade information

QXO Inc. (QXO) registered a 1.46% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.46% in intraday trading to $11.15, hitting a weekly high. The stock’s 5-day price performance is -9.72%, and it has moved by -74.06% in 30 days. Based on these gigs, the overall price performance for the year is -50.25%. The short interest in QXO Inc. (NASDAQ:QXO) is 98485.0 shares and it means that shorts have 3.39 day(s) to cover.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

QXO Inc. (QXO) estimates and forecasts

Statistics show that QXO Inc. has outperformed its competitors in share price, compared to the industry in which it operates. QXO Inc. (QXO) shares have gone down -87.23% during the last six months, with a year-to-date growth rate more than the industry average at 119.38% against 13.40. In the rating firms’ projections, revenue will increase 17.60% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 10.72M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 10.54M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 8.75M and 9.31M respectively. In this case, analysts expect current quarter sales to grow by 22.50% and then jump by 13.20% in the coming quarter.