(QXO) QXO - Ratings and Ratios

QXO, Inc. is a leading distributor of roofing, waterproofing, and other building products in the United States, offering a comprehensive range of products including asphalt, metal, wood, tile, and slate roofing, as well as siding, gutters, and waterproofing solutions. The companys extensive product portfolio caters to the needs of contractors, distributors, and suppliers, helping them streamline their operations. With its headquarters in Greenwich, Connecticut, QXO, Inc. has established itself as a significant player in the building materials distribution market.

Despite being formerly known as SilverSun Technologies, Inc., the companys rebranding as QXO, Inc. in June 2024 marked a new chapter in its history, potentially signaling a shift in its business strategy or focus. The companys website (https://www.qxo.com) likely provides more insights into its products, services, and mission.

Analyzing the provided technical data, QXOs stock price has shown significant volatility, with a 52-week high of $235.61 and a low of $10.75. The current price of $19.00 is above its SMA20, SMA50, and SMA200, indicating a potential bullish trend. The ATR of 0.87 represents a 4.59% daily price movement, suggesting that the stock is experiencing moderate volatility.

From a fundamental perspective, QXOs market capitalization stands at $9.622 billion, indicating a substantial market presence. However, the absence of P/E and P/E Forward values makes it challenging to assess the companys valuation. The RoE of 0.91 suggests that the company is generating relatively low returns on equity.

Combining technical and fundamental data, a potential forecast for QXOs stock price could be made. Given the current bullish trend and moderate volatility, it is possible that the stock price may continue to rise in the short term. However, the lack of fundamental data on valuation and the companys relatively low RoE may cap the upside potential. A potential price target could be around $25-$30, representing a 30-50% increase from the current price, assuming the bullish trend continues and the company improves its fundamental performance.