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Friday, September 29, 2023

RXO Inc. (NYSE: RXO) Could Achieve Gains In The Near Future

After Hours

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. After-hours trades for RXO Inc. (RXO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.34, or 1.86%, to $18.61. The RXO Inc. has recorded 385,228 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted RXO Dedicated Transportation Named 2023 SmartWay High Performer.

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Stocks Info

RXO Inc. is listed on the NYSE in the Industrials sector while operating in the Trucking industry. At the end of the last regular session, the stock closed at $18.27 and fluctuated between $18.32 as its day high and $17.85 as its day low. The current market capitalization of RXO Inc. is $2.12B. A total of 2.04 million shares were traded on the day, compared to an average of 987.57K shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, RXO has seen 2 BUY and 2 SELL insider trades, representing the acquisition of 24,968 and the disposition of 11,037 shares. Over the last 12 months, there were 15 BUYs and 9 SELLs from insiders. Insiders purchased 195,555 shares during that period but sold 115,201,218.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for RXO in the last 3 months, the mean price target is $20.78 with high estimates of $27.00 and low estimates of $14.00. 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 $0.02 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.1 per share and a lower estimate of -$0.05. The company reported an EPS of $0.11 in the last quarter, which was 57.10% higher than expectations of $0.07.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. 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 $5.04, while its Total Shareholder’s Equity was $1.07B.

Analysts Opinion

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. 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 3.47.

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