Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of RXO Inc (NYSE: RXO) was $20.95 for the day, down -3.23% from the previous closing price of $21.65. In other words, the price has decreased by -$3.23 from its previous closing price. On the day, 1.54 million shares were traded.
Ratios:
Our analysis of RXO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.33 and its Current Ratio is at 1.26. In the meantime, Its Debt-to-Equity ratio is 0.41 whereas as Long-Term Debt/Eq ratio is at 0.35.
On November 12, 2024, Citigroup Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $33.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 12 ’24 when Nettles Michelle bought 1,800 shares for $27.89 per share. The transaction valued at 50,202 led to the insider holds 15,185 shares of the business.
MFN Partners, LP bought 10,266,810 shares of RXO for $207,492,230 on Aug 12 ’24. The 10% Owner now owns 27,577,666 shares after completing the transaction at $20.21 per share. On May 09 ’24, another insider, MFN Partners, LP, who serves as the 10% Owner of the company, bought 61 shares for $20.39 each. As a result, the insider paid 1,244 and bolstered with 17,310,856 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.75 while its Price-to-Book (P/B) ratio in mrq is 2.11.
Stock Price History:
Over the past 52 weeks, RXO has reached a high of $32.82, while it has fallen to a 52-week low of $18.75. The 50-Day Moving Average of the stock is -15.13%, while the 200-Day Moving Average is calculated to be -19.54%.
Shares Statistics:
A total of 162.52M shares are outstanding, with a floating share count of 157.62M. Insiders hold about 1.97% of the company’s shares, while institutions hold 105.31% stake in the company.
