GXO Logistics Inc (GXO) Shares Down Despite Recent Market Volatility

GXO Logistics Inc (NYSE: GXO) has seen a decline in its stock price by -0.70 in relation to its previous close of 51.59. However, the company has experienced a 0.51% gain in its stock price over the last five trading sessions. CNBC Television reported 2024-04-03 that The Investment Committee gives you their top stocks to watch for the second half.

Is It Worth Investing in GXO Logistics Inc (NYSE: GXO) Right Now?

The price-to-earnings ratio for GXO Logistics Inc (NYSE: GXO) is above average at 26.74x. The 36-month beta value for GXO is also noteworthy at 1.74. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

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The public float for GXO is 116.97M, and at present, short sellers hold a 1.96% of that float. The average trading volume of GXO on April 04, 2024 was 896.25K shares.

GXO’s Market Performance

GXO stock saw an increase of 0.51% in the past week, with a monthly gain of 2.73% and a quarterly increase of -14.80%. The volatility ratio for the week is 2.46%, and the volatility levels for the last 30 days are 2.29% for GXO Logistics Inc (GXO). The simple moving average for the last 20 days is 1.66% for GXO stock, with a simple moving average of -11.28% for the last 200 days.

Analysts’ Opinion of GXO

Many brokerage firms have already submitted their reports for GXO stocks, with Exane BNP Paribas repeating the rating for GXO by listing it as a “Neutral.” The predicted price for GXO in the upcoming period, according to Exane BNP Paribas is $50 based on the research report published on March 27, 2024 of the current year 2024.

TD Cowen, on the other hand, stated in their research note that they expect to see GXO reach a price target of $78, previously predicting the price at $70. The rating they have provided for GXO stocks is “Outperform” according to the report published on February 15th, 2024.

TD Cowen gave a rating of “Outperform” to GXO, setting the target price at $70 in the report published on January 12th of the current year.

GXO Trading at -3.17% from the 50-Day Moving Average

After a stumble in the market that brought GXO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.18% of loss for the given period.

Volatility was left at 2.29%, however, over the last 30 days, the volatility rate increased by 2.46%, as shares surge +5.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.58% lower at present.

During the last 5 trading sessions, GXO rose by +0.51%, which changed the moving average for the period of 200-days by -18.05% in comparison to the 20-day moving average, which settled at $50.53. In addition, GXO Logistics Inc saw -16.24% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at GXO starting from Ashe Gena L, who sale 13,370 shares at the price of $50.00 back on Mar 08 ’24. After this action, Ashe Gena L now owns 7,481 shares of GXO Logistics Inc, valued at $668,500 using the latest closing price.

Ashe Gena L, the Director of GXO Logistics Inc, sale 4,737 shares at $50.00 during a trade that took place back on Mar 07 ’24, which means that Ashe Gena L is holding 20,851 shares at $236,850 based on the most recent closing price.

Stock Fundamentals for GXO

Current profitability levels for the company are sitting at:

  • 0.04 for the present operating margin
  • 0.14 for the gross margin

The net margin for GXO Logistics Inc stands at 0.02. The total capital return value is set at 0.05. Equity return is now at value 8.24, with 2.45 for asset returns.

Based on GXO Logistics Inc (GXO), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 0.74. The interest coverage ratio of the stock is 3.65.

Currently, EBITDA for the company is 745.0 million with net debt to EBITDA at 4.8. When we switch over and look at the enterprise to sales, we see a ratio of 0.99. The receivables turnover for the company is 5.51for trailing twelve months and the total asset turnover is 1.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.98.

Conclusion

In summary, GXO Logistics Inc (GXO) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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