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Wednesday, September 27, 2023

GXO Logistics Inc. (NYSE: GXO): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for GXO Logistics Inc. (GXO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.40, or 0.61%, to $65.61. The GXO Logistics Inc. has recorded 22,139 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that GXO Receives 2023 ‘Quest for Quality’ Award from Logistics Management magazine.

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Stocks Info

GXO belongs to the Industrials sector of the NYSE while operating in the Integrated Freight & Logistics industry. At the end of the last regular session, the stock closed at $65.21 and fluctuated between $65.48 as its day high and $64.50 as its day low. The current market capitalization of GXO Logistics Inc. is $7.61B. A total of 0.54 million shares were traded on the day, compared to an average of 692.53K shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, GXO has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 21 BUYs and 18 SELLs from insiders. Insiders purchased 99,089 shares during that period but sold 43,614.

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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for GXO in the last 3 months, the mean price target is $73.06 with high estimates of $81.00 and low estimates of $53.00. In terms of 52-week highs and lows, GXO has a high of $67.57 and a low of $32.10.

As of this writing, GXO has an earnings estimate of $0.69 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $0.74 per share and a lower estimate of $0.65. The company reported an EPS of $0.49 in the last quarter, which was 14.00% higher than expectations of $0.43.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $23.36, while its Total Shareholder’s Equity was $2.39B.

Analysts Opinion

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. 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 4.75.

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