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The price of RXO Inc (NYSE: RXO) closed at $28.57 in the last session, down -0.66% from day before closing price of $28.76. In other words, the price has decreased by -$0.66 from its previous closing price. On the day, 0.6 million shares were traded. RXO stock price reached its highest trading level at $29.19 during the session, while it also had its lowest trading level at $28.53.
Ratios:
We take a closer look at RXO’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.17 and its Current Ratio is at 1.17. In the meantime, Its Debt-to-Equity ratio is 1.04 whereas as Long-Term Debt/Eq ratio is at 0.92.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 12 ’24 when MFN Partners, LP bought 10,266,810 shares for $20.21 per share. The transaction valued at 207,492,230 led to the insider holds 27,577,666 shares of the business.
MFN Partners, LP bought 61 shares of RXO for $1,244 on May 09 ’24. The 10% Owner now owns 17,310,856 shares after completing the transaction at $20.39 per share. On May 06 ’24, another insider, MFN Partners, LP, who serves as the 10% Owner of the company, bought 361 shares for $20.40 each. As a result, the insider paid 7,364 and bolstered with 17,310,795 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 3382945024 and an Enterprise Value of 3953588736. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.89 while its Price-to-Book (P/B) ratio in mrq is 5.80. Its current Enterprise Value per Revenue stands at 1.041 whereas that against EBITDA is 38.761.
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 $16.94. The 50-Day Moving Average of the stock is 2.57%, while the 200-Day Moving Average is calculated to be 25.54%.
Shares Statistics:
According to the various share statistics, RXO traded on average about 805.42K shares per day over the past 3-months and 522750 shares per day over the past 10 days. A total of 117.03M shares are outstanding, with a floating share count of 115.18M. Insiders hold about 2.08% of the company’s shares, while institutions hold 112.85% stake in the company. Shares short for RXO as of 1723680000 were 3790922 with a Short Ratio of 4.71, compared to 1721001600 on 4379790. Therefore, it implies a Short% of Shares Outstanding of 3790922 and a Short% of Float of 7.4099995000000005.
