While RXO Inc has underperformed by -2.96%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RXO rose by 2.22%, with highs and lows ranging from $24.33 to $16.94, whereas the simple moving average fell by -5.29% in the last 200 days.
On February 09, 2024, TD Cowen Reiterated RXO Inc (NYSE: RXO) to Market Perform. A report published by BofA Securities on February 08, 2024, Downgraded its rating to ‘Neutral’ for RXO. JP Morgan October 11, 2023d the rating to Underweight on October 11, 2023, and set its price target from $17 to $16. Susquehanna August 31, 2023d its ‘Neutral’ rating to ‘Negative’ for RXO, as published in its report on August 31, 2023. Wolfe Research’s report from July 12, 2023 suggests a price prediction of $18 for RXO shares, giving the stock a ‘Underperform’ rating. Susquehanna also rated the stock as ‘Neutral’.
Analysis of RXO Inc (RXO)
Further, the quarter-over-quarter decrease in sales is -12.68%, showing a negative trend in the upcoming months.
To gain a thorough understanding of RXO Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 0.68% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.17, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and RXO is recording an average volume of 690.16K. On a monthly basis, the volatility of the stock is set at 3.43%, whereas on a weekly basis, it is put at 3.96%, with a gain of 0.47% over the past seven days. Furthermore, long-term investors anticipate a median target price of $20.40, showing growth from the present price of $19.32, which can serve as yet another indication of whether RXO is worth investing in or should be passed over.
How Do You Analyze RXO Inc Shares?
A leading company in the Trucking sector, RXO Inc (RXO) is based in the USA. When comparing RXO Inc shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 580.18, there is a growth in quarterly earnings of 148.55%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.00%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 99.80% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
RXO shares are owned by institutional investors to the tune of 99.80% at present.
