RXO (NYSE:RXO) Stock Price Down 3.7% – What’s Next?

Rxo Inc (NYSE:RXO)’s share price dropped 3.7% during mid-day trading on Friday . The stock traded as low as $13.69 and last traded at $13.6870. Approximately 276,448 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 1,776,177 shares. The stock had previously closed at $14.22.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RXO in a research note on Monday. Wolfe Research raised shares of RXO from an “underperform” rating to a “peer perform” rating in a research note on Friday, November 14th. Benchmark reaffirmed a “hold” rating on shares of RXO in a research report on Friday, December 12th. UBS Group lowered their target price on RXO from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Friday, November 7th. Finally, Morgan Stanley upgraded RXO from an “equal weight” rating to an “overweight” rating and set a $19.00 price objective for the company in a research note on Tuesday, November 11th. Four equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, RXO presently has a consensus rating of “Hold” and a consensus price target of $16.62.

RXO Stock Performance

The business has a 50-day moving average price of $14.73 and a 200-day moving average price of $15.63. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of -31.79 and a beta of 1.74.

RXO (NYSE:RXO) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). RXO had a negative net margin of 1.25% and a positive return on equity of 0.88%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the company earned $0.05 EPS. The business’s revenue was up 34.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Rxo Inc will post 0.31 earnings per share for the current year.

Insider Activity

In other news, CEO Andrew M. Wilkerson acquired 7,775 shares of RXO stock in a transaction dated Monday, November 10th. The stock was purchased at an average cost of $12.88 per share, for a total transaction of $100,142.00. Following the completion of the purchase, the chief executive officer directly owned 7,775 shares in the company, valued at $100,142. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Troy A. Cooper bought 8,317 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were purchased at an average cost of $10.61 per share, with a total value of $88,243.37. Following the acquisition, the director directly owned 275,416 shares of the company’s stock, valued at approximately $2,922,163.76. This trade represents a 3.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 40,250 shares of company stock valued at $488,875. Company insiders own 2.80% of the company’s stock.

Institutional Trading of RXO

Institutional investors and hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. acquired a new stake in shares of RXO in the first quarter worth $30,000. AlphaQuest LLC purchased a new stake in RXO in the second quarter valued at $29,000. Quarry LP acquired a new stake in RXO during the 3rd quarter worth about $33,000. Larson Financial Group LLC raised its stake in shares of RXO by 146.5% during the 3rd quarter. Larson Financial Group LLC now owns 2,766 shares of the company’s stock valued at $43,000 after buying an additional 1,644 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of RXO by 27.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,298 shares of the company’s stock valued at $49,000 after buying an additional 701 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

About RXO

RXO Inc (NYSE: RXO) is a leading asset-light provider of digital freight brokerage and managed transportation solutions. The company leverages a proprietary technology platform to connect shippers with a network of third-party carriers, enabling optimized route planning, real-time shipment tracking, and dynamic pricing. RXO’s end-to-end service model spans full truckload, less-than-truckload (LTL), intermodal and cross-border freight movements, designed to improve efficiency and reduce transportation costs for its customers.

Operating primarily across North America, RXO serves a diverse base of shippers in industries ranging from retail and consumer goods to manufacturing and automotive.