RXO Inc (NYSE: RXO) is -12.12% lower on its value in year-to-date trading and has touched a low of $18.75 and a high of $32.82 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RXO stock was last observed hovering at around $21.65 in the last trading session, with the day’s loss setting it -0.7%.
Currently trading at $20.95, the stock is -9.88% and -15.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.54 million and changing -3.23% at the moment leaves the stock -19.54% off its SMA200. RXO registered -2.87% loss for a year compared to 6-month loss of -28.55%.
The stock witnessed a -19.05% gain in the last 1 month and extending the period to 3 months gives it a -23.12%, and is 5.49% 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 4.35% over the week and 4.72% over the month.
RXO Inc (RXO) has around 8432 employees, a market worth around $3.40B and $4.55B in sales. Fwd P/E is 31.53. Profit margin for the company is -6.26%. Distance from 52-week low is 11.73% and -36.17% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.07%).
with sales reaching $1.51B over the same period.The EPS is expected to grow by 146.50% this year, but quarterly earnings will post 45.60% year-over-year. Quarterly sales are estimated to grow 65.82% in year-over-year returns.
The shares outstanding are 162.52M, and float is at 157.62M with Short Float at 3.94%.
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 15.1266 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 Nettles Michelle, the company’s Director. SEC filings show that Nettles Michelle bought 1,800 shares of the company’s common stock on Nov 12 ’24 at a price of $27.89 per share for a total of $50202.0. Following the purchase, the insider now owns 15185.0 shares.
RXO Inc disclosed in a document filed with the SEC on Aug 12 ’24 that MFN Partners, LP (10% Owner) bought a total of 10,266,810 shares of the company’s common stock. The trade occurred on Aug 12 ’24 and was made at $20.21 per share for $207.49 million. Following the transaction, the insider now directly holds 27.58 million shares of the RXO stock.
Still, SEC filings show that on May 09 ’24, MFN Partners, LP (10% Owner) acquired 61 shares at an average price of $20.39 for $1244.0. The insider now directly holds 17,310,856 shares of RXO Inc (RXO).
