A Piece Of The Puzzle Missing From RXO, Inc.’s (NYSE:RXO) 27% Share Price Climb
RXO, Inc. (NYSE:RXO) shareholders are no doubt pleased to see that the share price has bounced 27% in the last month, although it is still struggling to make up recently lost ground. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 18% in the last twelve months.
Although its price has surged higher, RXO may still be sending bullish signals at the moment with its price-to-sales (or “P/S”) ratio of 0.5x, since almost half of all companies in the Transportation industry in the United States have P/S ratios greater than 1.2x and even P/S higher than 5x are not unusual. However, the P/S might be low for a reason and it requires further investigation to determine if it’s…
