QXO (NYSE:QXO) Stock Price Down 7.4% - Here's Why

Key Points

• QXO shares fell 7.4% intraday to about $18.77, trading well below its 50‑day ($23.51) and 200‑day ($21.03) moving averages on light volume (down ~53% vs. average).
• Analyst sentiment is broadly positive with a consensus of "Moderate Buy" and an average target of $32.27, as firms like Oppenheimer, Loop Capital, Benchmark and BNP Paribas initiated or raised targets while one outlet cut to a sell.
• QXO reported quarterly EPS of $0.02 vs. a $0.03 estimate (a miss), shows a negative net margin and negative P/E, and analysts forecast a -$0.13 EPS for the current year, highlighting profitability challenges despite strong year‑over‑year revenue growth.

QXO, Inc. (NYSE:QXO - Get Free Report)'s share price dropped 7.4% during mid-day trading on Friday . The stock traded as low as $18.90 and last traded at $18.7710. Approximately 3,754,263 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 8,041,199 shares. The stock had previously closed at $20.28.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on QXO shares. Oppenheimer increased their price target on shares of QXO from $27.00 to $30.00 and gave the company an "outperform" rating in a report on Friday, January 16th. Loop Capital assumed coverage on QXO in a research note on Thursday, December 11th. They set a "buy" rating and a $31.00 target price on the stock. Benchmark reissued a "buy" rating on shares of QXO in a report on Friday, February 20th. BNP Paribas Exane started coverage on QXO in a research note on Monday. They issued an "outperform" rating and a $30.00 price target for the company. Finally, Wall Street Zen cut QXO from a "hold" rating to a "sell" rating in a research report on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $32.27.

QXO Stock Performance

The firm has a market cap of $13.22 billion, a P/E ratio of -31.62, a P/E/G ratio of 3.21 and a beta of 2.51. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.61 and a current ratio of 3.58. The business's 50-day simple moving average is $23.51 and its 200 day simple moving average is $21.03.

QXO (NYSE:QXO - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). QXO had a positive return on equity of 3.45% and a negative net margin of 4.08%.QXO's quarterly revenue was up 14725.0% compared to the same quarter last year. As a group, equities analysts predict that QXO, Inc. will post -0.13 earnings per share for the current year.

Institutional Trading of QXO

Large investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. grew its holdings in QXO by 6.8% during the fourth quarter. Sunbelt Securities Inc. now owns 6,300 shares of the company's stock valued at $122,000 after purchasing an additional 400 shares during the period. Cherry Creek Investment Advisors Inc. lifted its position in shares of QXO by 0.6% during the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 84,636 shares of the company's stock valued at $1,633,000 after buying an additional 474 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of QXO by 42.4% during the 4th quarter. NewEdge Advisors LLC now owns 1,680 shares of the company's stock valued at $32,000 after acquiring an additional 500 shares during the period. Maple Capital Management Inc. increased its holdings in QXO by 4.7% in the 4th quarter. Maple Capital Management Inc. now owns 11,988 shares of the company's stock worth $231,000 after acquiring an additional 543 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in QXO by 27.2% in the 4th quarter. Allworth Financial LP now owns 2,580 shares of the company's stock worth $50,000 after acquiring an additional 552 shares in the last quarter. 58.68% of the stock is currently owned by institutional investors.

About QXO

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. It also offers value-added services that focuses on consulting and professional, specialized programming, training, and technical support services. In addition, the company provides information technology managed services, such as cybersecurity, application hosting, disaster recovery, business continuity, cloud, and other services; and data back-up, network maintenance, and upgrade services.

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