The stock of XPO Inc. (NYSE:XPO) increased by $1.71 on Wednesday to $74.10, up 2.36 percent. The last five days have seen an average of 986,452 shares of common stock traded. 33 times new highs were reached in the current year, with a gain of $40.76. The average number of shares traded over the last 20 days was 1,981,968, while the average volume over the last 50 days totaled 1,977,103.
XPO stock appreciated 14.08% since last month. On 07/17/23, the company’s shares reached a one-month low of $60.27. The stock touched a high of $76.77 on 08/04/23, after rallying from a low of $24.75 in 52 weeks. The price of XPO stock has risen by 122.57% or $40.76 this year, reaching a new high 33 times. Still, the stock price is down -3.48% from the 52-week high.
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Insider Transactions
XPO stock investors should be aware that XPO Inc. (XPO) stock had its last reported insider trading activity 61 days ago on Jun 16. On Jun 16, Director Landry Allison sold 1,600 shares at $53.20 each. This transaction resulted in the insider making $85,120. On Mar 10, FRYE J WES added 1,500 shares at a price of US$35.74. After the transaction, the insider now owns 1,500 shares.
Valuation Metrics
XPO Inc. (XPO) has a trailing price-to-earnings (P/E) ratio of 83.07. Beta for the stock is 2.23. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.13, the price-to-book (PB) ratio of 7.68.
Financial Health
For the three months ended June 29, XPO Inc.’s quick ratio was 1.00, while its current ratio was 1.00, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.19, and the total debt to equity ratio is 2.25. As far as profitability goes, gross margin for the trailing twelve months is 37.20% percent. Based on annual data, it had gross profit of $1.62 billion and revenue of $7.72 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 7.40% return on investment (ROI) in the past year.
Earnings Surprise
According to XPO Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.92 billion, while revenues fell by -68.6% to $1.91 billion. It was predicted that XPO Inc.’s quarterly earnings would be $0.71, but it ended up being $0.61, beating the consensus by 16.40%. EBITDA was $214.0 million for the quarter. At the end of XPO Inc.’s most recent quarter ended June 29, its liabilities totaled 5.23 billion, while its total debt was $3.24 billion. Equity owned by shareholders amounts to $115.97 million.
Technical Picture
Here’s a quick look at XPO Inc.’s (XPO) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 69.21%, suggesting the stock is Neutral, with a 25.88% historical volatility rate.
The stochastic %K and %D were 71.33% and 70.89% respectively, while the average true range (ATR) was 2.70. Based on the 14-day stochastic reading of 77.46%, the RSI (14) reading is 69.71%. On the 9-day MACD Oscillator, the stock is at 0.33, and the 14-day reading is at 1.62.
Analyst Ratings
XPO Inc. (NYSE: XPO) was downgraded by Vertical Research to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned XPO Inc. (XPO) an Overweight rating. XPO is a stock that is recommended for selling by 1 brokerage firm, while 8 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 13 others recommend it as a buy.
What is XPO’s price target for the next 12 months?
The current consensus forecast for the stock is between $55.00 and $88.00, with a median target price of $77.50. In analyzing these forecasts, the average price target given by analysts for XPO Inc. (XPO) is $76.14.
