In yesterday’s Wall Street session, QXO Inc (NASDAQ:QXO) shares traded at $13.71, down -8.72% from the previous session.
QXO stock price is now -14.43% away from the 50-day moving average and -71.88% away from the 200-day moving average. The market capitalization of the company currently stands at $5.61B.
In other news, MFN Partners, LP, 10% Owner sold 7,000,000 shares of the company’s stock on Nov 06 ’24. The stock was sold for $105,350,000 at an average price of $15.05. Upon completion of the transaction, the 10% Owner now directly owns 46,908,701 shares in the company, valued at $643.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 26 ’24, 10% Owner MFN Partners, LP sold 795,894 shares of the business’s stock. A total of $11,978,205 was realized by selling the stock at an average price of $15.05. This leaves the insider owning 53,908,701 shares of the company worth $739.09 million. A total of 5.75% 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 258.64, and a quick ratio of 258.64. The fifty day moving average price for QXO is $16.0528 and a two-hundred day moving average price translates $53.6735 for the stock.
The latest earnings results from QXO Inc (NASDAQ: QXO) was released for 2024-09-30. The net profit margin was -9.50% and return on equity was 0.68% for QXO. The company reported revenue of $13.15 million for the quarter, compared to $13.42 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.0 percent.
