Xerox Holdings Corporation (XRX) SVP, Chief Technology Officer Owns Stock Worth $10700.0

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Xerox Holdings Corporation (NASDAQ:XRX) finished Wednesday with a subtraction of -$0.82 to close at $15.36, a downside of -5.07 percent. An average of 2,049,600 shares of common stock have been traded in the last five days. There was a fall of -$0.68 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 1,402,315 shares traded, while the 50-day average volume stands at 1,526,592.

XRX stock has decreased by -12.97% in the last month. The company shares reached their 1-month lowest point of $15.35 on 09/21/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $13.24 and a high of $24.14 in 52 weeks. It has reached a new high 3 times so far this year and lost -32.16% or -$7.28 in price. In spite of this, the price is down -36.37% from the 52-week high.


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Insider Transactions

132 days have passed since Xerox Holdings Corporation (XRX) last reported insider trading activity. Shanker Naresh, who is SVP, Chief Technology Officer, most recently acquired $10,700 shares at $17.16 per share on May 13.

Valuation Metrics

Xerox Holdings Corporation (XRX) stock’s beta is 1.70. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.34, the price-to-book (PB) ratio at 0.62, and the price-to-cash flow ratio at 14.94.

Financial Health

The quick ratio of Xerox Holdings Corporation for the three months ended June 29 was 1.00, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.71 and a total debt to equity ratio of 1.00 for the quarter ending June 29. Its gross profit as reported stood at $2.4 billion compared to revenue of $7.04 billion.

Earnings Surprise

For the three-month period that ended June 29, Xerox Holdings Corporation had $2.76 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$4.0 million in the quarter, while revenues were grew 2375.0%. The analyst consensus anticipated Xerox Holdings Corporation’s latest quarter earnings to come in at $0.08 per share, but it turned out to be $0.13, a 62.50% surprise. For the quarter, EBITDA amounted to $82.0 million. Shareholders own equity worth $155.57 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Xerox Holdings Corporation (XRX) price momentum. RSI 9-day as of the close on 21 September was 30.66%, suggesting the stock is Neutral, with historical volatility in this time frame at 36.33%.

As of today, XRX’s price is $15.97 -4.24% or -$0.68 from its 5-day moving average. XRX is currently trading -13.02% lower than its 20-day SMA and -12.38% lower than its 100-day SMA. However, the stock’s current price level is +8.25% above the SMA50 and -23.20% below the SMA200.

The stochastic %K and %D were 31.52% and 35.35%, respectively, and the average true range (ATR) was 0.59. With the 14-day stochastic at 0.67% and the average true range at 0.59, the RSI (14) stands at 35.77%. The stock has reached -0.16 on the 9-day MACD Oscillator while the 14-day reading was at -0.12.

Analyst Ratings

Credit Suisse launched coverage on Xerox Holdings Corporation (NASDAQ: XRX) in its analyst report released on August 17, 2022. The firm assigned the stock an Underperform rating.

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