RXO Inc [NYSE: RXO] loss -4.52% or -1.23 points to close at $26.00 with a heavy trading volume of 9615177 shares.
The daily chart for RXO points out that the company has recorded 20.20% gains over the past six months.
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If we look at the average trading volume of 848.79K shares, RXO reached to a volume of 9615177 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about RXO Inc [RXO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RXO shares is $27.79 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RXO stock is a recommendation set at 2.94. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for RXO Inc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on May 15, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $19 to $20. The new note on the price target was released on May 03, 2024, representing the official price target for RXO Inc stock. Previously, the target price had yet another raise from $16.50 to $19.50, while TD Cowen kept a Market Perform rating on RXO stock.
The Average True Range (ATR) for RXO Inc is set at 1.08, with the Price to Sales ratio for RXO stock in the period of the last 12 months amounting to 0.81. The Price to Book ratio for the last quarter was 5.28, with the Price to Cash per share for the same quarter was set at 0.06.
Trading performance analysis for RXO stock
RXO Inc [RXO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.64. With this latest performance, RXO shares dropped by -9.47% in over the last four-week period, additionally plugging by 20.20% over the last 6 months – not to mention a rise of 47.81% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RXO stock in for the last two-week period is set at 34.62, with the RSI for the last a single of trading hit 27.54, and the three-weeks RSI is set at 40.37 for RXO Inc [RXO]. The present Moving Average for the last 50 days of trading for this stock 28.71, while it was recorded at 27.08 for the last single week of trading, and 23.14 for the last 200 days.
RXO Inc [RXO]: A deeper dive into fundamental analysis
RXO Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.17 and a Current Ratio set at 1.17.
RXO Inc [RXO]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RXO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for RXO Inc go to 40.00%.
An analysis of Institutional ownership at RXO Inc [RXO]
There are presently around $113.36%, or 114.49%% of RXO stock, in the hands of institutional investors. The top three institutional holders of RXO stocks are: BLACKROCK INC. with ownership of 17.85 million shares, which is approximately 15.2271%. ORBIS ALLAN GRAY LTD, holding 17.79 million shares of the stock with an approximate value of $$465.1 million in RXO stocks shares; and ORBIS ALLAN GRAY LTD, currently with $$452.68 million in RXO stock with ownership which is approximately 14.7682%.
