While RXO Inc has underperformed by -2.26%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RXO rose by 41.71%, with highs and lows ranging from $32.82 to $16.94, whereas the simple moving average jumped by 16.29% in the last 200 days.
On May 15, 2024, Raymond James started tracking RXO Inc (NYSE: RXO) recommending Mkt Perform. A report published by TD Cowen on May 03, 2024, Reiterated its previous ‘Hold’ rating for RXO. TD Cowen also reiterated RXO shares as ‘Market Perform’, quoting a target price of $19.50 on the company’s shares in a report dated February 09, 2024. Vertical Research January 10, 2024d its ‘Buy’ rating to ‘Hold’ for RXO, as published in its report on January 10, 2024. JP Morgan’s report from October 11, 2023 suggests a price prediction of $16 for RXO shares, giving the stock a ‘Underweight’ rating. Susquehanna also rated the stock as ‘Negative’.
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Analysis of RXO Inc (RXO)
Further, the quarter-over-quarter decrease in sales is -3.43%, showing a negative trend in the upcoming months.
In order to gain a clear picture of RXO Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -3.60% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.17, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.18M can be a very valuable indicator of volatility for RXO stock. On a monthly basis, the volatility of the stock is set at 3.63%, whereas on a weekly basis, it is put at 3.91%, with a gain of 0.55% over the past seven days. Furthermore, long-term investors anticipate a median target price of $27.50, showing growth from the present price of $27.25, which can serve as yet another indication of whether RXO is worth investing in or should be passed over.
How Do You Analyze RXO Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.09%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 90.83% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
RXO shares are owned by institutional investors to the tune of 90.83% at present.
