At the time of writing, RXO Inc [RXO] stock is trading at $21.62, down -1.14%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RXO shares have gain 5.31% over the last week, with a monthly amount glided 0.46%, and seem to be holding up well over a long-time horizon.
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On 11, March 2024, RXO Leader Named to “Top Women to Watch in Transportation” List. In a post published today on Yahoo Finance, Alyssa Myers recognized by Women in Trucking as an innovative leader in the industry.
From an analyst’s perspective:
RXO Inc [NYSE: RXO] stock has seen the most recent analyst activity on February 09, 2024, when TD Cowen reiterated its Market Perform rating and also boosted its price target to $19.50 from $16.50. Previously, BofA Securities downgraded its rating to Neutral on February 08, 2024. On January 10, 2024, downgrade downgraded it’s rating to Hold. JP Morgan downgraded its rating to a Underweight and decreased its price target to $16 on October 11, 2023. Susquehanna downgraded its rating to a Negative and reduced its price target to $14 on August 31, 2023. Wolfe Research downgraded its rating to Underperform for this stock on July 12, 2023, but kept the price target unchanged to $18. In a note dated June 09, 2023, Susquehanna initiated an Neutral rating and provided a target price of $20 on this stock.
For the past year, the stock price of RXO Inc fluctuated between $16.94 and $24.33. Currently, Wall Street analysts expect the stock to reach $20.75 within the next 12 months. RXO Inc [NYSE: RXO] shares were valued at $21.62 at the most recent close of the market. An investor can expect a potential drop of -4.02% based on the average RXO price forecast.
Analyzing the RXO fundamentals
According to RXO Inc [NYSE:RXO], the company’s sales were 3.93B for trailing twelve months, which represents an -12.68% plunge. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.69.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 21.38 points at the first support level, and at 21.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.85, and for the 2nd resistance point, it is at 22.07.
RXO Inc [RXO] reported earnings per share of $0.06 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.04/share, meaning a difference of $0.02 and a surprise factor of 50.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.05 per share as compared to estimates of $0.01 per share, a difference of $0.04 representing a surprise of 400.00%.
Ratios To Look Out For
It is important to note that RXO Inc [NYSE:RXO] has a current ratio of 1.17. As well, the Quick Ratio is 1.17, while the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 0.64, the price to book ratio is 4.26 and price to earnings (TTM) ratio is 649.25.
Transactions by insiders
Recent insider trading involved MFN Partners, LP, 10% Owner, that happened on Feb 09 ’24 when 0.91 million shares were purchased. 10% Owner, MFN Partners, LP completed a deal on Feb 08 ’24 to buy 0.92 million shares. Meanwhile, 10% Owner MFN Partners, LP bought 0.75 million shares on Feb 02 ’24.
