As of Wednesday close, Xerox Holdings Corporation’s (NASDAQ:XRX) stock was up $0.21, moving up 1.32 percent to $16.17. The average number of shares traded per day over the past five days has been 3,294,880 shares. 1 time new highs have been achieved over the past 5 days, with a $0.34 gain in that time frame. In the last twenty days, the average volume was 2,104,980, while in the previous 50 days, it was 2,407,290.
Since last month, XRX stock retreated -5.88%. Shares of the company fell to $15.37 on 06/16/22, the lowest level in the past month. A 52-week high of $24.99 was reached on 01/05/22 after having rallying from a 52-week low of $15.37. Since the beginning of this year, XRX’s stock price has dropped by -28.58% or -$6.47, and marked a new high 3 times. However, the stock has declined by -35.29% since its 52-week high.
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Xerox Holdings Corporation (XRX) last reported insider trading activity 41 days ago on May 13. Shanker Naresh, the SVP, Chief Technology Officer of the company, disposed of 10,700 shares for $17.16 on May 13. It resulted in a $183,580 divestment by the insider. ICAHN CARL C added 783,900 shares at an average price of $17.17 on Apr 25. The insider now owns 34,245,314 shares following the transaction. On Apr 22, 10% Owner ICAHN CARL C bought 1,346,523 shares at $16.96 apiece. The transaction was valued at $22,837,030.
The stock’s beta is 1.66. Besides these, the trailing price-to-sales (P/S) ratio of 0.35, the price-to-book (PB) ratio of 0.60, and the price-to-cash flow ratio of 4.57 may also be considered.
In the three months ended March 30, Xerox Holdings Corporation’s quick ratio stood at 1.00, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.67, and the total debt-to-equity ratio was 1.02. On the profitability front, the trailing twelve-month gross margin is 33.40% percent. In the year ended March 30, operating margins totaled -8.90%. Based on annual data, XRX earned $2.4 billion in gross profit and brought in $7.04 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -5.60%. Return on equity (ROE) for the past 12 months was -11.80%.
In Xerox Holdings Corporation’s quarter-end financial report for March 30, it reported total debt of $2.82 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. XRX’s revenue fell -2.52% to $1.78 billion during the quarter, while net income inched up to $1.67 billion. While analysts expected Xerox Holdings Corporation to report $0.13 quarterly earnings, the actual figure was -$0.12 per share, beating the consensus estimate by -192.30%. During the quarter, the company generated $69.0 million in EBITDA. The liabilities of Xerox Holdings Corporation were 8.68 billion at the end of its most recent quarter ended March 30, and its total debt was $4.27 billion. The value of shareholders’ equity is $154.86 million.
This quick technical analysis looks at Xerox Holdings Corporation’s (XRX) price momentum. With a historical volatility rate of 62.25%, the RSI 9-day stood at 37.78% on 22 June.
With respect to its five-day moving average, the current Xerox Holdings Corporation price is up by +2.15% percent or $0.34. At present, XRX shares trade -7.39% below its 20-day simple moving average and -20.85% percent below its 100-day simple moving average. However, the stock is currently trading approximately -15.74% below its SMA50 and -28.17% below its SMA200.
Stochastic coefficient K was 17.01% and Stochastic coefficient D was 14.52%, while ATR was 0.77. Given the Stochastic reading of 20.62% for the 14-day period, the RSI (14) reading has been calculated as 39.50%. As of today, the MACD Oscillator reading stands at -0.51, while the 14-day reading stands at -1.40.
Xerox Holdings Corporation downgraded its rating on Xerox Holdings Corporation (NASDAQ: XRX) to an Underweight in a note to investors on February 04, 2021. The analysts firm previously had an Equal-weight rating on the stock.Xerox Holdings Corporation (XRX) has been rated Underweight by analysts. According to 3 brokerage firms, XRX is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Xerox Holdings Corporation stock as buy, with 0 recommending it as overweight.
With a median target price of $15.00, the current consensus forecast for the stock is $13.00 – $16.00. Based on these forecasts, analysts predict Xerox Holdings Corporation (XRX) will achieve an average price target of $14.67.