QXO Inc. (NASDAQ: QXO) Prices Could Rise In The Coming Months

In the last trading session, 2.39 million QXO Inc. (NASDAQ:QXO) shares changed hands as the company’s beta touched 2.30. With the company’s per share price at $12.26 changed hands at -$0.36 or -2.85% during last session, the market valuation stood at $5.02B. QXO’s last price was a discount, traded about -2265.42% off its 52-week high of $290.00. The share price had its 52-week low at $10.61, which suggests the last value was 13.46% up since then. When we look at QXO Inc.’s average trading volume, we note the 10-day average is 2.63 million shares, with the 3-month average coming to 1.04 million.

QXO Inc. (NASDAQ:QXO) trade information

Instantly QXO was in red as seen at the end of in last trading. With action 13.94%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -89.25%, with the 5-day performance at 13.94% in the green. However, in the 30-day time frame, QXO Inc. (NASDAQ:QXO) is -79.08% down. Looking at the short shares, we see there were 2.74 million shares sold at short interest cover period of 2.09 days.

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QXO Inc. (QXO) estimates and forecasts

Data shows that the QXO Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -87.41% over the past 6 months, a 119.38% in annual growth rate that is considerably higher than the industry average of 15.40%. Year-over-year growth is forecast to reach 17.60% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 10.72M. 1 analysts are of the opinion that QXO Inc.’s revenue for the current quarter will be 10.54M. The company’s revenue for the corresponding quarters a year ago was 8.75M and 9.31M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 22.50%. The estimates for the next quarter sales put growth at 13.20%.

QXO Dividends

QXO Inc. is expected to release its next quarterly earnings report in September.