The stock of GXO Logistics Inc (NYSE: GXO) has decreased by -0.37 when compared to last closing price of 58.72.Despite this, the company has seen a loss of -3.16% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-06 that I maintain a buy rating for GXO due to solid growth prospects, driven by new business wins and improving business confidence. GXO’s Q3 revenue grew 27.8% y/y, with organic growth accelerating for the third consecutive quarter, signaling a strong FY25 outlook. The sales pipeline increased 30% y/y to $2.4 billion, with significant new business wins, particularly in eCommerce fulfillment.
Is It Worth Investing in GXO Logistics Inc (NYSE: GXO) Right Now?
The price-to-earnings ratio for GXO Logistics Inc (NYSE: GXO) is 65.52x, which is above its average ratio. Moreover, the 36-month beta value for GXO is 1.62. Analysts have varying opinions on the stock, with 10 analysts rating it as a “buy,” 4 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for GXO is 117.15M and currently, short sellers hold a 2.28% of that float. On November 21, 2024, GXO’s average trading volume was 1.11M shares.
GXO’s Market Performance
GXO’s stock has seen a -3.16% decrease for the week, with a -3.51% drop in the past month and a 19.56% gain in the past quarter. The volatility ratio for the week is 1.93%, and the volatility levels for the past 30 days are at 2.28% for GXO Logistics Inc. The simple moving average for the past 20 days is -2.28% for GXO’s stock, with a 11.86% simple moving average for the past 200 days.
Analysts’ Opinion of GXO
Many brokerage firms have already submitted their reports for GXO stocks, with Citigroup repeating the rating for GXO by listing it as a “Buy.” The predicted price for GXO in the upcoming period, according to Citigroup is $60 based on the research report published on October 09, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see GXO reach a price target of $58. The rating they have provided for GXO stocks is “Overweight” according to the report published on June 07th, 2024.
TD Cowen gave a rating of “Buy” to GXO, setting the target price at $80 in the report published on April 25th of the current year.
GXO Trading at 3.25% 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 -7.63% of loss for the given period.
Volatility was left at 2.28%, however, over the last 30 days, the volatility rate increased by 1.93%, as shares sank -4.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.51% upper at present.
During the last 5 trading sessions, GXO fell by -3.16%, which changed the moving average for the period of 200-days by +7.08% in comparison to the 20-day moving average, which settled at $59.86. In addition, GXO Logistics Inc saw -4.35% 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 Wilson Malcolm, who purchase 10,000 shares at the price of $49.95 back on Jun 11 ’24. After this action, Wilson Malcolm now owns 100,814 shares of GXO Logistics Inc, valued at $499,500 using the latest closing price.
Ashe Gena L, the Director of GXO Logistics Inc, sale 13,370 shares at $50.00 during a trade that took place back on Mar 08 ’24, which means that Ashe Gena L is holding 7,481 shares at $668,500 based on the most recent closing price.
Stock Fundamentals for GXO
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.12 for the gross margin
The net margin for GXO Logistics Inc stands at 0.01. The total capital return value is set at 0.04. Equity return is now at value 3.63, with 1.02 for asset returns.
Based on GXO Logistics Inc (GXO), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 2.54. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is 2.02.
Currently, EBITDA for the company is 753.0 million with net debt to EBITDA at 7.6. When we switch over and look at the enterprise to sales, we see a ratio of 1.08. The receivables turnover for the company is 5.61for trailing twelve months and the total asset turnover is 0.93. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.86.
Conclusion
To wrap up, the performance of GXO Logistics Inc (GXO) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
