RXO Stock Is Up 70% in the Past Year and Can Lead the Charge in Last-Mile Delivery
RXO Stock Is Up 70% in the Past Year and Can Lead the Charge in Last-Mile Delivery.
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RXO (RXO) is an asset-light transportation provider with strong momentum.
Sentiment is mixed among analysts, but I see significant future potential in last-mile delivery and RXO's strategic positioning.
Valued at $4.8 billion, RXO (RXO) is a provider of asset-light transportation solutions. It offers tech-enabled truck brokerage services together with complementary solutions including managed transportation, freight forwarding, and last-mile delivery.
I found today's Chart of the Day by using Barchart's powerful screening functions to sort for stocks with the highest technical buy signals; superior current momentum in both strength and direction, Weighted Alpha above 50+ and a 60-Month Beta over 1.5. I then used Barchart's Flipcharts feature to review the charts for consistent price appreciation. RXO checks those boxes. The Trend Seeker issued a new "Buy" signal on May 19. Since then, the stock has gained 35.26%.
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Editor's Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
The stock recently traded at $28.69 with a 50-day moving average of $25.88.
RXO has made 10 new highs and gained 10.69% over the past month.
Revenue is projected to grow 10.55% this year and another 8.48% next year.
Earnings are estimated to increase 271.73% this year and an additional 678.76% next year.
The Wall Street analysts followed by Barchart give the stock 5 "Strong Buy, 14 "Hold," and 2 "Strong Sell" opinions with price targets between $13 and $35.
Value Line rates the stock "Above Average" with price targets from $9 to $39.
Morningstar thinks the stock is 13% undervalued with a fair value of $25.54.
2,020 investors are following the stock on Seeking Alpha, which rates it a "Strong Buy."
Short interest is 8.93% of the float with 6.97 days to cover the float.
