Investors Should Take Note Of RXO Inc (RXO)

RXO Inc (RXO) concluded trading on Wednesday at a closing price of $26.79, with 0.43 million shares of worth about $11.58 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.23% during that period and on July 03, 2024 the price saw a loss of about -0.92%. Currently the company’s common shares owned by public are about 117.03M shares, out of which, 115.10M shares are available for trading.

Stock saw a price change of 6.23% in past 5 days and over the past one month there was a price change of 31.78%. Year-to-date (YTD), RXO shares are showing a performance of 15.18% which increased to 17.24% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $16.94 but also hit the highest price of $28.13 during that period. The average intraday trading volume for RXO Inc shares is 745.60K. The stock is currently trading 20.12% above its 20-day simple moving average (SMA20), while that difference is up 27.44% for SMA50 and it goes to 29.21% higher than SMA200.

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RXO Inc (NYSE: RXO) currently have 117.03M outstanding shares and institutions hold larger chunk of about 101.13% of that.

The stock has a current market capitalization of $3.15B and its 3Y-monthly beta is at 1.22. It has posted earnings per share of -$0.09 in the same period. It has Quick Ratio of 1.14 while making debt-to-equity ratio of 0.98. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RXO, volatility over the week remained 4.00% while standing at 3.41% over the month.

Stock’s fiscal year EPS is expected to drop by -42.90% while it is estimated to increase by 278.66% in next year.

Coverage by TD Cowen stated RXO Inc (RXO) stock as a Hold in their note to investors on May 03, 2024, suggesting a price target of $20 for the stock. Stock get a Hold rating from Vertical Research on January 10, 2024.

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