With 0.8 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.54 million shares. The 52-week range on GXO shows that it touched its highest point at $63.33 and its lowest point at $30.46 during that stretch. It currently has a 1-year price target of $51.94. Beta for the stock currently stands at 1.66.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GXO was down-trending over the past week, with a drop of -2.11%, but this was up by 15.32% over a month. Three-month performance surged to 2.88% while six-month performance fell -31.18%. The stock lost -24.75% in the past year, while it has lost -7.06% so far this year. A look at the trailing 12-month EPS for GXO yields 0.62 with Next year EPS estimates of 2.95. For the next quarter, that number is 0.50. This implies an EPS growth rate of -12.98% for this year and 21.00% for next year. EPS is expected to grow by 4.87% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 15.86%.
Float and Shares Shorts:
At present, 116.95 million GXO shares are outstanding with a float of 112.10 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GXO since 10 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $2.77826 being high and $2.6579 being low. For GXO, this leads to a yearly average estimate of $2.73814. Based on analyst estimates, the high estimate for the next quarter is $0.8 and the low estimate is $0.67. The average estimate for the next quarter is thus $0.74.
