Last Updated: 09 Nov 2024
Executive Summary
QXO, Inc. (QXO) is a business application, technology, and consulting company in North America. The company has a market capitalization of $6.02 billion and trades on the NASDAQ exchange under the ticker symbol "QXO." The latest stock price is $16.05.
QXO has a strong financial position with a book value of $711.37 per share. However, the company is currently unprofitable, with a trailing twelve-month EBITDA of -$21.52 million and a diluted EPS of -$12.27.
Technically, QXO is in a downtrend, with the 50-day moving average below the 200-day moving average. The stock is also trading below its 52-week high of $290 and above its 52-week low of $10.61.
Company Overview
QXO, Inc. is a business application, technology, and consulting company in North America. The company provides a range of services, including enterprise resource planning (ERP), customer relationship management (CRM), and supply chain management (SCM). QXO also offers consulting services to help businesses implement and optimize their software solutions.
The company's clients include a variety of businesses, including Fortune 500 companies and government agencies. QXO has a strong reputation for providing high-quality services and has been recognized by industry analysts for its expertise.
Fundamental Analysis
QXO's financial performance has been mixed in recent years. The company has reported losses in each of the past three years. However, QXO's revenue has grown steadily, increasing from $47.1 million in 2021 to $57.1 million in 2023.
QXO's profitability has been impacted by a number of factors, including increased competition and rising costs. The company is also facing challenges from the COVID-19 pandemic, which has disrupted businesses around the world.
Technical Analysis
QXO's stock price has been in a downtrend since early 2023. The stock is currently trading below its 50-day and 200-day moving averages. The stock is also trading below its 52-week high of $290 and above its 52-week low of $10.61.
The technical indicators suggest that QXO's stock price is likely to continue to decline in the short term. The stock is oversold, and the relative strength index (RSI) is below 30. The moving average convergence divergence (MACD) is also below zero, indicating that the stock is in a downtrend.
Short Term Outlook
The short-term outlook for QXO is negative. The stock is in a downtrend, and the technical indicators suggest that the stock price is likely to continue to decline. Investors should avoid buying QXO stock in the short term.
Long Term Outlook
The long-term outlook for QXO is more positive. The company has a strong financial position and a loyal customer base. QXO is also well-positioned to benefit from the growing demand for business application, technology, and consulting services.
Investors who are willing to take on some risk may want to consider buying QXO stock in the long term. However, investors should be aware that the stock is likely to be volatile in the short term.
Analyst Recommendations
There are no analyst recommendations for QXO stock.
