What Is The Performance Outlook For QXO Inc (NYSE: QXO) In The Coming Months?

In the latest trading session,, 0.58 million QXO Inc (NYSE:QXO) shares changed hands as the company’s beta touched 2.15. With the company’s most recent per share price at $12.44 changing hands around $0.09 or 0.77% at last look, the market valuation stands at $5.10B. QXO’s current price is a discount, trading about -2231.19% 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 14.71% up since then. When we look at QXO Inc’s average trading volume, we note the 10-day average is 2.83 million shares, with the 3-month average coming to 2.59 million.

QXO Inc (NYSE:QXO) trade information

Instantly QXO is in green as seen in intraday trades today. With action -15.46%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -21.73%, with the 5-day performance at -15.46% in the red. However, in the 30-day time frame, QXO Inc (NYSE:QXO) is -6.15% down. Looking at the short shares, we see there were 9.35 million shares sold at short interest cover period of 4.41 days.

QXO Inc (QXO) estimates and forecasts

Year-over-year growth is forecast to reach 4,392.47% 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 12M. 1 analysts are of the opinion that QXO Inc’s revenue for the current quarter will be 13M. Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 55.18%. The 2025 estimates are for QXO Inc earnings to decrease by -9.09%.

QXO Inc (NYSE:QXO)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.11% of QXO Inc shares while 84.46% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 84.55%. There are 84.46% institutions holding the QXO Inc stock share, with CITADEL ADVISORS LLC the top institutional holder. As of 2024-06-30, the company held 2.5922% of the shares, roughly 9.3 million QXO shares worth $85.09 million.

DRIEHAUS CAPITAL MANAGEMENT LLC holds the second largest percentage of outstanding shares, with 0.6247% or 2.24 million shares worth $20.49 million as of 2024-06-30.

Among Mutual Funds, the top two as of Dec 31, 2024 were Advisor Managed Portfolios-Patient Opportunity Trust and T. Rowe Price Small-Cap Stock Fund, Inc. . With 6.0 shares estimated at $74.16 million under it, the former controlled 1.47% of total outstanding shares. On the other hand, T. Rowe Price Small-Cap Stock Fund, Inc. held about 1.18% of the shares, roughly 4.82 shares worth around $59.6 million.