GXO Logistics Inc (GXO) Shares Soar Above 1-Year High

The stock price of GXO Logistics Inc (NYSE: GXO) has jumped by 0.38 compared to previous close of 50.09. Despite this, the company has seen a fall of -1.02% in its stock price over the last five trading days. zacks.com reported 2024-06-12 that Shareholder-friendly moves and cost-cutting initiatives bode well for the Zacks Transportation-Air Freight and Cargo industry. UPS, FDX and GXO are well-poised to capitalize on the bullishness.

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

GXO Logistics Inc (NYSE: GXO) has a higher price-to-earnings ratio of 36.02x compared to its average ratio. GXO has 36-month beta value of 1.70. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The public float for GXO is 117.11M, and currently, short sellers hold a 2.96% ratio of that float. The average trading volume of GXO on June 13, 2024 was 871.38K shares.

GXO’s Market Performance

The stock of GXO Logistics Inc (GXO) has seen a -1.02% decrease in the past week, with a -4.84% drop in the past month, and a 1.19% gain in the past quarter. The volatility ratio for the week is 2.82%, and the volatility levels for the past 30 days are at 2.41% for GXO. The simple moving average for the last 20 days is -1.20% for GXO’s stock, with a simple moving average of -7.99% for the last 200 days.

Analysts’ Opinion of GXO

Many brokerage firms have already submitted their reports for GXO stocks, with Wells Fargo repeating the rating for GXO by listing it as a “Overweight.” The predicted price for GXO in the upcoming period, according to Wells Fargo is $58 based on the research report published on June 07, 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 $80, previously predicting the price at $78. The rating they have provided for GXO stocks is “Buy” according to the report published on April 25th, 2024.

Exane BNP Paribas gave a rating of “Neutral” to GXO, setting the target price at $50 in the report published on March 27th of the current year.

GXO Trading at -1.09% 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 -25.59% of loss for the given period.

Volatility was left at 2.41%, however, over the last 30 days, the volatility rate increased by 2.82%, as shares sank -4.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.54% lower at present.

During the last 5 trading sessions, GXO fell by -1.02%, which changed the moving average for the period of 200-days by -17.79% in comparison to the 20-day moving average, which settled at $50.78. In addition, GXO Logistics Inc saw -17.79% 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 6.01, with 1.81 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 0.75. The interest coverage ratio of the stock is 3.14.

Currently, EBITDA for the company is 745.0 million with net debt to EBITDA at 4.9. When we switch over and look at the enterprise to sales, we see a ratio of 0.97. The receivables turnover for the company is 5.87for trailing twelve months and the total asset turnover is 1.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.94.

Conclusion

To put it simply, GXO Logistics Inc (GXO) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.

Most Popular

Related Posts