Stock Market Recap: RXO Inc (RXO) Concludes at 19.23, a -6.20 Surge/Decline

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After finishing at $20.50 in the prior trading day, RXO Inc (NYSE: RXO) closed at $19.23, down -6.20%. In other words, the price has decreased by -$6.20 from its previous closing price. On the day, 0.86 million shares were traded. RXO stock price reached its highest trading level at $20.28 during the session, while it also had its lowest trading level at $19.21.

Ratios:

Our goal is to gain a better understanding of RXO by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 452.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 90.41. 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 0.94 whereas as Long-Term Debt/Eq ratio is at 0.85.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on February 09, 2024, Reiterated its Market Perform rating but revised its target price to $19.50 from $16.50 previously.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 16 ’24 when MFN Partners, LP bought 35,985 shares for $20.22 per share. The transaction valued at 727,617 led to the insider holds 15,629,679 shares of the business.

MFN Partners, LP bought 5,139 shares of RXO for $104,784 on Apr 12 ’24. The 10% Owner now owns 15,593,694 shares after completing the transaction at $20.39 per share. On Feb 09 ’24, another insider, MFN Partners, LP, who serves as the 10% Owner of the company, bought 913,186 shares for $20.29 each. As a result, the insider paid 18,528,544 and bolstered with 15,588,555 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 2260351744 and an Enterprise Value of 2804734720. As of this moment, RXO’s Price-to-Earnings (P/E) ratio for their current fiscal year is 577.48, and their Forward P/E ratio for the next fiscal year is 28.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.58 while its Price-to-Book (P/B) ratio in mrq is 3.79. Its current Enterprise Value per Revenue stands at 0.714 whereas that against EBITDA is 20.931.

Stock Price History:

Over the past 52 weeks, RXO has reached a high of $24.33, while it has fallen to a 52-week low of $16.94. The 50-Day Moving Average of the stock is -8.67%, while the 200-Day Moving Average is calculated to be -6.06%.

Shares Statistics:

The stock has traded on average 651.90K shares per day over the past 3-months and 690930 shares per day over the last 10 days, according to various share statistics. A total of 117.03M shares are outstanding, with a floating share count of 115.19M. Insiders hold about 2.00% of the company’s shares, while institutions hold 98.63% stake in the company. Shares short for RXO as of 1711584000 were 2951863 with a Short Ratio of 4.53, compared to 1709164800 on 2745402. Therefore, it implies a Short% of Shares Outstanding of 2951863 and a Short% of Float of 4.99.

Earnings Estimates

The company has Rio Tinto Plc analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $1.52, with high estimates of $19.23 and low estimates of $48.85.

Analysts are recommending an EPS of between $Industrials and $Industrials for the fiscal current year, implying an average EPS of $Technology.

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