A share price of RXO Inc [RXO] is currently trading at $27.10, up 4.03%. 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 6.07% over the last week, with a monthly amount drifted -4.71%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, TD Cowen reaffirmed its Hold rating on May 03, 2024, and elevated its price target to $20. On February 09, 2024, TD Cowen reiterated its Market Perform rating and revised its price target to $19.50 on the stock. BofA Securities downgraded its rating to a Neutral. Vertical Research downgraded its rating to a Hold. JP Morgan downgraded its rating to Underweight for this stock on October 11, 2023, and downed its price target to $16. In a note dated August 31, 2023, Susquehanna downgraded an Negative rating on this stock and revised its target price from $19 to $14.
RXO Inc experienced fluctuations in its stock price throughout the past year between $16.94 and $32.82. Currently, Wall Street analysts expect the stock to reach $23.11 within the next 12 months. RXO Inc [NYSE: RXO] shares were valued at $27.10 at the most recent close of the market. An investor can expect a potential drop of -14.72% based on the average RXO price forecast.
Analyzing the RXO fundamentals
Trailing Twelve Months sales for RXO Inc [NYSE:RXO] were 3.80B which represents -3.43% decline. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.04 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.76.
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 26.32 points at the first support level, and at 25.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.70, and for the 2nd resistance point, it is at 28.31.
Ratios To Look Out For
To put it in perspective, the Current Ratio for RXO Inc [NYSE:RXO] is 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 1.13, the price to book ratio is 5.50.
Transactions by insiders
Recent insider trading involved MFN Partners, LP, 10% Owner, that happened on Aug 12 ’24 when 10.27 million shares were purchased. 10% Owner, MFN Partners, LP completed a deal on May 09 ’24 to buy 61.0 shares. Meanwhile, 10% Owner MFN Partners, LP bought 361.0 shares on May 06 ’24.
