QXO Inc. (QXO): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. The current market capitalization of QXO Inc. is $6.53B. A total of 1.68 million shares were traded on the day, compared to an average of 2.73M shares.

In the most recent transaction, MFN Partners, LP sold 795,894 shares of QXO for 15.05 per share on Aug 26 ’24. After the transaction, the 10% Owner now owns 53,908,701 company shares. In a previous transaction on Jun 10 ’24, Meller Mark sold 21,624 shares at 242.41 per share. QXO shares that Pres., SilverSun Technologies owns now total 174.

Among the insiders who sold shares, Meller Mark disposed of 53,856 shares on Jun 03 ’24 at a per-share price of $18.38. This resulted in the Chief Executive Officer holding 217,088 shares of QXO after the transaction. In another insider transaction, Meller Mark sold 42,700 shares at $18.79 per share on Jun 04 ’24. Company shares held by the Chief Executive Officer now total 174,388.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, QXO has a high of $290.00 and a low of $10.61.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. QXO’s latest balance sheet shows that the firm has $6.81M in Cash & Short Term Investments as of fiscal 2021. There were $2.29M in debt and $7.39M in liabilities at the time. Its Book Value Per Share was $711.37, while its Total Shareholder’s Equity was $9.36M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock.

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