RXO Inc. (NYSE:RXO) saw an upside of 1.42% to close Friday at $19.22 after adding $0.27 on the day. The 5-day average trading volume is 517,280 shares of the company’s common stock. It has gained $19.55 in the past week and touched a new high 2 times within the past 5 days. An average of 630,475 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,136,500.
RXO’s 1-month performance is -8.04% or -$1.46 on its low of $18.72 reached on 08/18/23. The company’s shares have touched a 52-week low of $14.75 and high of $25.50. YTD, RXO has achieved 11.74% or $2.02 and has reached a new high 15 times. However, the current price is down -24.63% from the 52-week high price.
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Valuation Metrics
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.52 while the price-to-book (PB) in the most recent quarter is 3.81, with the price to cash flow ratio at 16.06.
RXO Inc.’s quick ratio for the period ended June 29 was 1.30, with the current ratio over the same period at 1.30. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.77, while the total debt to equity was 0.77. In terms of profitability, the gross margin trailing 12 months is 19.30%. The trailing 12-month EBITDA margin is 6.38% while for the period ending June 29, RXO Inc.’s operating margin was 0.80%. The firm’s gross profit as reported stood at $946.0 million against revenue of $4.8 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 100.0% to $3.0 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected RXO to announce $0.08 per share in earnings in its latest quarter, but it posted $0.08, representing a 0.00% surprise. EBITDA for the quarter stood at more than $32.0 million. RXO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.32 billion, with total debt at $621.0 million. Shareholders hold equity totaling $116.98 million.
Let’s look briefly at RXO Inc. (RXO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 34.76% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.55%.
The stock’s 5-day moving average is $19.20, reflecting a -0.88% or -$0.17 change from its current price. RXO is currently trading -8.91% above its 20-day SMA, +2.89% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -15.22% and SMA200 by-8.48%.
Stochastic %K and %D was 11.84% and 13.10% and the average true range (ATR) pointed at 0.61. The RSI (14) points at 37.33%, while the 14-day stochastic is at 14.64% with the period’s ATR at 0.64. The stock’s 9-day MACD Oscillator is pointing at -0.30 and -0.61 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for RXO Inc. (NYSE: RXO), Wolfe Research downgraded it to an Underperform rating. They previously had a Peer perform rating on the stock. Analysts offering their rating for RXO stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate RXO as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 5 have offered a “buy” rating.
