QXO, Inc. (NASDAQ:QXO - Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $19.95, but opened at $20.52. QXO shares last traded at $19.99, with a volume of 662,705 shares traded.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on QXO. Wolfe Research began coverage on QXO in a research report on Friday, June 6th. They issued an "outperform" rating and a $44.00 price target for the company. Baird R W raised QXO to a "strong-buy" rating in a research report on Thursday. Oppenheimer began coverage on QXO in a research report on Wednesday. They issued an "outperform" rating and a $27.00 price target for the company. Finally, Robert W. Baird began coverage on QXO in a research report on Thursday. They issued an "outperform" rating and a $32.00 price target for the company.
Check Out Our Latest Analysis on QXO
QXO Stock Performance
The firm has a 50-day moving average price of $15.43 and a 200-day moving average price of $14.72. The stock has a market cap of $11.32 billion, a PE ratio of -2.15, a price-to-earnings-growth ratio of 4.09 and a beta of 2.38.
Hedge Funds Weigh In On QXO
Hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC purchased a new position in QXO in the 1st quarter worth about $26,000. Ridgewood Investments LLC purchased a new position in QXO in the 1st quarter worth about $27,000. CWM LLC purchased a new position in QXO in the 1st quarter worth about $27,000. First Horizon Advisors Inc. raised its position in QXO by 57.4% in the 1st quarter. First Horizon Advisors Inc. now owns 2,790 shares of the company's stock worth $38,000 after buying an additional 1,017 shares during the last quarter. Finally, Signaturefd LLC raised its position in QXO by 533.6% in the 1st quarter. Signaturefd LLC now owns 3,168 shares of the company's stock worth $43,000 after buying an additional 2,668 shares during the last quarter. Hedge funds and other institutional investors own 58.68% of the company's stock.
QXO Company Profile
(
Get Free Report)
QXO, Inc operates as a business application, technology, and consulting company in North America. The company provides solutions for accounting and business management, financial reporting, enterprise resource planning, human capital management, warehouse management systems, customer relationship management, and business intelligence.
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