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Friday, June 9, 2023

It’s Not Over Yet For GXO Logistics Inc. (NYSE: GXO)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for GXO Logistics Inc. (GXO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.42, or 0.73%, to $57.95. The GXO Logistics Inc. has recorded 18,053 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that GXO Reports First Quarter 2023 Results.

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Stocks Info

GXO Logistics Inc. is listed on the NYSE as a member of the Industrials sector and is a part of the Integrated Freight & Logistics industry. At the end of the last regular session, the stock closed at $57.53 and fluctuated between $57.91 as its day high and $56.42 as its day low. The current market capitalization of GXO Logistics Inc. is $6.65B. A total of 1.1 million shares were traded on the day, compared to an average of 770.90K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, GXO has seen 9 BUY and 9 SELL insider trades, representing the acquisition of 44,940 and the disposition of 21,088 shares. Over the last 12 months, there were 23 BUYs and 20 SELLs from insiders. Insiders purchased 100,619 shares during that period but sold 5,211,766.

In the most recent transaction, Ashe Gena L sold 2,120 shares of GXO for 52.73 per share on Jan 17. After the transaction, the Director now owns 0 company shares. In a previous transaction on Nov 25, Wilson Malcolm bought 4,174 shares at 43.97 per share. GXO shares that Chief Executive Officer owns now total 45,509.

Among the insiders who sold shares, BRADLEY S JACOBS disposed of 5,167,500 shares on Aug 11 at a per-share price of $48.35. This resulted in the Director holding 1,300,701 shares of GXO after the transaction.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for GXO in the last 3 months, the mean price target is $63.12 with high estimates of $73.00 and low estimates of $47.00. In terms of 52-week highs and lows, GXO has a high of $57.86 and a low of $32.10.

As of this writing, GXO has an earnings estimate of $0.6 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $0.64 per share and a lower estimate of $0.57. The company reported an EPS of $0.83 in the last quarter, which was 10.70% higher than expectations of $0.75.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. GXO’s latest balance sheet shows that the firm has $333.00M in Cash & Short Term Investments as of fiscal 2021. There were $2.81B in debt and $2.33B in liabilities at the time. Its Book Value Per Share was $22.60, while its Total Shareholder’s Equity was $2.39B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GXO is Buy with a score of 4.70.

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