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The closing price of RXO Inc (NYSE: RXO) was $27.18 for the day, up 2.45% from the previous closing price of $26.53. In other words, the price has increased by $2.45 from its previous closing price. On the day, 0.89 million shares were traded. RXO stock price reached its highest trading level at $27.49 during the session, while it also had its lowest trading level at $26.83.
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 1.14 and its Current Ratio is at 1.14. In the meantime, Its Debt-to-Equity ratio is 0.98 whereas as Long-Term Debt/Eq ratio is at 0.86.
On May 03, 2024, TD Cowen reiterated its Hold rating and also lowered its target price recommendation from $19 to $20.
TD Cowen reiterated its Market Perform rating for the stock on February 09, 2024, while the target price for the stock was revised from $16.50 to $19.50.
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 May 09 ’24 when MFN Partners, LP bought 61 shares for $20.39 per share. The transaction valued at 1,244 led to the insider holds 17,310,856 shares of the business.
MFN Partners, LP bought 361 shares of RXO for $7,364 on May 06 ’24. The 10% Owner now owns 17,310,795 shares after completing the transaction at $20.40 per share. On May 03 ’24, another insider, MFN Partners, LP, who serves as the 10% Owner of the company, bought 30,000 shares for $20.33 each. As a result, the insider paid 609,900 and bolstered with 17,310,434 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RXO now has a Market Capitalization of 3194954752 and an Enterprise Value of 3758967296. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.83 while its Price-to-Book (P/B) ratio in mrq is 5.49. Its current Enterprise Value per Revenue stands at 0.981 whereas that against EBITDA is 33.265.
Stock Price History:
The Beta on a monthly basis for RXO is 1.22, which has changed by 0.33431518 over the last 52 weeks, in comparison to a change of 0.23951602 over the same period for the S&P500. Over the past 52 weeks, RXO has reached a high of $28.13, while it has fallen to a 52-week low of $16.94. The 50-Day Moving Average of the stock is 25.01%, while the 200-Day Moving Average is calculated to be 29.77%.
Shares Statistics:
RXO traded an average of 739.28K shares per day over the past three months and 1022680 shares per day over the past ten days. A total of 117.03M shares are outstanding, with a floating share count of 115.10M. Insiders hold about 2.08% of the company’s shares, while institutions hold 101.17% stake in the company. Shares short for RXO as of 1718323200 were 4300216 with a Short Ratio of 6.37, compared to 1715731200 on 4572555. Therefore, it implies a Short% of Shares Outstanding of 4300216 and a Short% of Float of 8.42.
