RXO Inc (NYSE: RXO) is 37.15% higher on its value in year-to-date trading and has touched a low of $17.17 and a high of $32.82 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RXO stock was last observed hovering at around $28.20 in the last trading session, with the day’s gains setting it 3.7%.
Currently trading at $31.90, the stock is 10.38% and 14.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.79 million and changing 13.12% at the moment leaves the stock 31.35% off its SMA200. RXO registered 74.41% gain for a year compared to 6-month gain of 55.84%. The firm has a 50-day simple moving average (SMA 50) of $27.7502 and a 200-day simple moving average (SMA200) of $24.2409.
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The stock witnessed a 15.50% loss in the last 1 month and extending the period to 3 months gives it a 10.57%, and is 9.77% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.44% over the week and 2.83% over the month.
RXO Inc (RXO) has around 8432 employees, a market worth around $5.13B and $3.80B in sales. Fwd P/E is 52.66. Profit margin for the company is -0.55%. Distance from 52-week low is 85.79% and -2.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.89%).
The EPS is expected to shrink by -51.61% this year
348.0 institutions hold shares in RXO Inc (RXO), with institutional investors hold 93.96% of the company’s shares. The shares outstanding are 157.82M, and float is at 155.37M with Short Float at 2.54%. Institutions hold 93.28% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 17.85 million shares valued at $466.74 million. The investor’s holdings represent 15.2271 of the RXO Shares outstanding. As of 2024-06-30, the second largest holder is ORBIS ALLAN GRAY LTD with 17.79 million shares valued at $465.1 million to account for 15.1734 of the shares outstanding. The other top investors are MFN PARTNERS MANAGEMENT, LP which holds 17.31 million shares representing 14.7682 and valued at over $452.68 million, while VANGUARD GROUP INC holds 11.3444 of the shares totaling 13.3 million with a market value of $347.73 million.
RXO Inc (RXO) Insider Activity
The most recent transaction is an insider purchase by MFN Partners, LP, the company’s 10% Owner. SEC filings show that MFN Partners, LP bought 10,266,810 shares of the company’s common stock on Aug 12 ’24 at a price of $20.21 per share for a total of $207.49 million. Following the purchase, the insider now owns 27.58 million shares.
RXO Inc disclosed in a document filed with the SEC on May 09 ’24 that MFN Partners, LP (10% Owner) bought a total of 61 shares of the company’s common stock. The trade occurred on May 09 ’24 and was made at $20.39 per share for $1244.0. Following the transaction, the insider now directly holds 17.31 million shares of the RXO stock.
Still, SEC filings show that on May 06 ’24, MFN Partners, LP (10% Owner) acquired 361 shares at an average price of $20.40 for $7364.0. The insider now directly holds 17,310,795 shares of RXO Inc (RXO).
