A new trading day began on Tuesday, with RXO Inc (NYSE: RXO) stock price up 2.10% from the previous day of trading, before settling in for the closing price of $19.50. RXO’s price has ranged from $16.94 to $24.33 over the past 52 weeks.
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During the last 5-year period, the sales growth of Industrials Sector giant was 7.68%. Meanwhile, its annual earnings per share averaged -33.19%. With a float of $115.19 million, this company’s outstanding shares have now reached $117.03 million.
Let’s determine the extent of company efficiency that accounts for 8432 employees.
RXO Inc (RXO) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Trucking Industry. The insider ownership of RXO Inc is 2.00%, while institutional ownership is 99.82%. The most recent insider transaction that took place on Apr 19 ’24, was worth 3,892,000. In this transaction 10% Owner of this company bought 200,000 shares at a rate of $19.46, taking the stock ownership to the 16,875,369 shares. Before that another transaction happened on Apr 18 ’24, when Company’s 10% Owner bought 870,000 for $19.52, making the entire transaction worth $16,982,400. This insider now owns 16,675,369 shares in total.
RXO Inc (RXO) Earnings and Forecasts
In its latest quarterly report, released on 12/31/2023, the company reported earnings of 0.11 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -33.19% per share during the next fiscal year.
RXO Inc (NYSE: RXO) Trading Performance Indicators
Here are RXO Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.17. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.60. Likewise, its price to free cash flow for the trailing twelve months is 93.61.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.03, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach 0.67 in one year’s time.
Technical Analysis of RXO Inc (RXO)
Looking closely at RXO Inc (NYSE: RXO), its last 5-days average volume was 0.98 million, which is a jump from its year-to-date volume of 0.65 million. As of the previous 9 days, the stock’s Stochastic %D was 23.71%. Additionally, its Average True Range was 0.77.
During the past 100 days, RXO Inc’s (RXO) raw stochastic average was set at 19.64%, which indicates a significant decrease from 28.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.97% in the past 14 days, which was higher than the 37.39% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.87, while its 200-day Moving Average is $20.40. However, in the short run, RXO Inc’s stock first resistance to watch stands at $20.12. Second resistance stands at $20.33. The third major resistance level sits at $20.66. If the price goes on to break the first support level at $19.57, it is likely to go to the next support level at $19.23. Should the price break the second support level, the third support level stands at $19.02.
RXO Inc (NYSE: RXO) Key Stats
With a market capitalization of 2.34 billion, the company has a total of 117,543K Shares Outstanding. Currently, annual sales are 3,927 M while annual income is 4,000 K. The company’s previous quarter sales were 978,000 K while its latest quarter income was 2,000 K.
