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Tuesday, June 6, 2023

Is RXO Inc. (NYSE: RXO) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for RXO Inc. (RXO) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.46, or -2.30%, to $19.53. The RXO Inc. has recorded 4,239 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted RXO Reports Solid First-Quarter Performance Driven by Market Share Gains, Strong Profitability and Cash Flow.

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Stocks Info

This NYSE-listed company operates within the Trucking industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $19.99 and fluctuated between $20.40 as its day high and $19.83 as its day low. The current market capitalization of RXO Inc. is $2.34B. A total of 1.02 million shares were traded on the day, compared to an average of 944.76K shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, RXO has seen 3 BUY and 3 SELL insider trades, representing the acquisition of 6,723 and the disposition of 2,968 shares. Over the last 12 months, there were 12 BUYs and 6 SELLs from insiders. Insiders purchased 124,121 shares during that period but sold 115,169,643.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for RXO in the last 3 months, the mean price target is $22.58 with high estimates of $25.00 and low estimates of $19.00. In terms of 52-week highs and lows, RXO has a high of $25.50 and a low of $14.75.

As of this writing, RXO has an earnings estimate of $0.11 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.17 per share and a lower estimate of $0.09. The company reported an EPS of $0.28 in the last quarter, which was 21.70% higher than expectations of $0.23.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. RXO’s latest balance sheet shows that the firm has $29.00M in Cash & Short Term Investments as of fiscal 2021. There were $135.00M in debt and $816.00M in liabilities at the time. Its Book Value Per Share was $5.02, while its Total Shareholder’s Equity was $1.07B.

Analysts Opinion

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. 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 RXO is Buy with a score of 3.57.

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