On Friday, XPO Logistics surged most in a year. This comes after the previous day’s sharp drop in its stock price.
On Thursday, XPO shares lost -26% after short-seller Spruce Point Capital Management expressed concerns over the transportation & logistics operator’s “unreliable and dubious financials” , and also was apprehensive of the company’s large debt.
But the decline was partly offset by Friday’s solid jump in XPO stock price. Deutsche Bank on Friday said it found Spruce Point’s report to contain “highly misleading statements and inaccuracies related to basic calculations” . Furthermore, XPO authorized stock buyback of up to $1 billion. These developments helped XPO shares to climb +13% to $50.17 at 11:09 a.m. Friday in New York.
XPO moved below its 50-day moving average on April 17, 2024 date and that indicates a change from an upward trend to a downward trend. In of 37 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on April 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on XPO as a result. In of 94 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The 10-day moving average for XPO crossed bearishly below the 50-day moving average on April 22, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where XPO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where XPO's RSI Indicator exited the oversold zone, of 16 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where XPO advanced for three days, in of 313 cases, the price rose further within the following month. The odds of a continued upward trend are .
XPO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 64, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. XPO’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: XPO's P/B Ratio (10.010) is very high in comparison to the industry average of (2.688). P/E Ratio (67.235) is within average values for comparable stocks, (69.481). Projected Growth (PEG Ratio) (1.442) is also within normal values, averaging (2.627). XPO has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.016). P/S Ratio (1.660) is also within normal values, averaging (2.697).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of logistics and other transportation services
Industry Trucking