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Tuesday, December 5, 2023

RXO Inc (NYSE: RXO): 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 RXO Inc (RXO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 0.22%, to $18.32. The RXO Inc has recorded 25,021 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that RXO to Celebrate Its One-Year Anniversary by Ringing the Opening Bell® of the New York Stock Exchange.

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Stocks Info

RXO belongs to the Industrials sector of the NYSE while operating in the Trucking industry. At the end of the last regular session, the stock closed at $18.28 and fluctuated between $18.30 as its day high and $17.47 as its day low. The current market capitalization of RXO Inc is $2.14B. A total of 0.99 million shares were traded on the day, compared to an average of 683.18K shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, RXO has seen 3 BUY and 2 SELL insider trades, representing the acquisition of 41,306 and the disposition of 13,314 shares. Over the last 12 months, there were 17 BUYs and 9 SELLs from insiders. Insiders purchased 138,735 shares during that period but sold 46,293.

In the most recent transaction, Szlosek Thomas A bought 11,186 shares of RXO for 17.92 per share on Sep 15. After the transaction, the Director now owns 13,034 company shares.

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 RXO in the last 3 months, the mean price target is $20.38 with high estimates of $27.00 and low estimates of $13.00. In terms of 52-week highs and lows, RXO has a high of $23.74 and a low of $14.75.

As of this writing, RXO has an earnings estimate of $0.01 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $0.03 per share and a lower estimate of -$0.04. 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

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. 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

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 RXO is Buy with a score of 3.25.

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