The stock of RXO Inc (RXO) has gone down by -9.35% for the week, with a -0.35% drop in the past month and a -9.47% drop in the past quarter. The volatility ratio for the week is 4.39%, and the volatility levels for the past 30 days are 3.08% for RXO. The simple moving average for the last 20 days is -6.00% for RXO stock, with a simple moving average of -3.29% for the last 200 days.
Is It Worth Investing in RXO Inc (NYSE: RXO) Right Now?
RXO Inc (NYSE: RXO) has a price-to-earnings ratio that is above its average at 593.99x. The stock has a 36-month beta value of 1.03. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for RXO is 115.19M, and at present, short sellers hold a 2.56% of that float. On April 18, 2024, the average trading volume of RXO was 654.46K shares.
RXO) stock’s latest price update
RXO Inc (NYSE: RXO) has seen a rise in its stock price by 2.86 in relation to its previous close of 19.23. However, the company has experienced a -9.35% decline in its stock price over the last five trading sessions. Business Wire reported 2024-04-02 that CHARLOTTE, N.C.–(BUSINESS WIRE)—- $RXO #RXO–RXO (NYSE: RXO) will issue its first-quarter financial results before the opening of the New York Stock Exchange on Thursday, May 2, 2024. The company’s results will be made available on www.rxo.com. The company will also hold a conference call at 8 a.m. EDT. Conference Call Access Information Live webcast online at: http://investors.rxo.com Call toll-free from U.S./Canada: (+1) 888-259-6580 International callers: (+1) 416-764-8624 Conference ID: 34295742 A rep.
Analysts’ Opinion of RXO
Many brokerage firms have already submitted their reports for RXO stocks, with TD Cowen repeating the rating for RXO by listing it as a “Market Perform.” The predicted price for RXO in the upcoming period, according to TD Cowen is $19.50 based on the research report published on February 09, 2024 of the current year 2024.
RXO Trading at -5.92% from the 50-Day Moving Average
After a stumble in the market that brought RXO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.70% of loss for the given period.
Volatility was left at 3.08%, however, over the last 30 days, the volatility rate increased by 4.39%, as shares sank -1.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.61% lower at present.
During the last 5 trading sessions, RXO fell by -9.74%, which changed the moving average for the period of 200-days by -13.81% in comparison to the 20-day moving average, which settled at $21.03. In addition, RXO Inc saw -14.96% 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 RXO starting from MFN Partners, LP, who purchase 35,985 shares at the price of $20.22 back on Apr 16 ’24. After this action, MFN Partners, LP now owns 15,629,679 shares of RXO Inc, valued at $727,617 using the latest closing price.
MFN Partners, LP, the 10% Owner of RXO Inc, purchase 5,139 shares at $20.39 during a trade that took place back on Apr 12 ’24, which means that MFN Partners, LP is holding 15,593,694 shares at $104,784 based on the most recent closing price.
Stock Fundamentals for RXO
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.24 for the gross margin
The net margin for RXO Inc stands at 0.0. The total capital return value is set at 0.03. Equity return is now at value 0.68, with 0.21 for asset returns.
Based on RXO Inc (RXO), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.22. The debt to equity ratio resting at 0.69. The interest coverage ratio of the stock is 1.62.
Currently, EBITDA for the company is 131.0 million with net debt to EBITDA at 5.64. When we switch over and look at the enterprise to sales, we see a ratio of 0.73. The receivables turnover for the company is 5.29for trailing twelve months and the total asset turnover is 2.15. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.
Conclusion
To sum up, RXO Inc (RXO) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
