Xerox Holdings Corporation (NASDAQ:XRX) saw an upside of 1.35% to close Tuesday at $17.28 after adding $0.23 on the day. The 5-day average trading volume is 1,738,060 shares of the company’s common stock. It has gained $17.58 in the past week and touched a new high 4 times within the past 5 days. An average of 1,286,465 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,355,400.
XRX’s 1-month performance is 16.36% or $2.67 on its low of $14.14 reached on 12/29/22. The company’s shares have touched a 52-week low of $11.80 and high of $23.25, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, XRX has achieved 18.36% or $2.68 and has reached a new high 11 times. However, the current price is down -25.68% from the 52-week high price.
XRX stock investors last saw insider trading activity on Nov 29.Shanker Naresh (SVP, Chief Technology Officer) most recently sold 10,700 shares at $17.16 per share on May 13. This transaction cost the insider $183,580.
XRX stock has a beta of 1.73. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.38 while the price-to-book (PB) in the most recent quarter is 0.83.
Xerox Holdings Corporation’s quick ratio for the period ended September 29 was 0.90, with the current ratio over the same period at 1.20. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.83, while the total debt to equity was 1.16.. In terms of profitability, the gross margin trailing 12 months is 32.10%. The firm’s gross profit as reported stood at $2.4 billion against revenue of $7.04 billion.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 123.5% to -$383.0 million, while revenue of -$4.0 million was 98.96% off the previous quarter. Analysts expected XRX to announce $0.4 per share in earnings in its latest quarter, but it posted $0.19, representing a -52.50% surprise. EBITDA for the quarter stood at more than $542.0 million. XRX stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 7.95 billion, with total debt at $3.75 billion. Shareholders hold equity totaling $155.6 million.
Let’s look briefly at Xerox Holdings Corporation (XRX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 72.59% to suggest the stock is trending Overbought, with historical volatility in this time period at 19.40%.
The stock’s 5-day moving average is $16.93, reflecting a +4.28% or $0.71 change from its current price. XRX is currently trading +17.87% above its 20-day SMA, +2.61% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +22.03% and SMA200 by-9.15%.
Stochastic %K and %D was 91.99% and 91.75% and the average true range (ATR) pointed at 0.51. The RSI (14) points at 66.51%, while the 14-day stochastic is at 88.18% with the period’s ATR at 0.54. The stock’s 9-day MACD Oscillator is pointing at 0.32 and 0.58 on the 14-day charts.
In the most recent analyst report for Xerox Holdings Corporation (NASDAQ: XRX), Credit Suisse launched coverage with an Underperform rating.
What is XRX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $10.00 and a high of $16.00, with their median price target at $11.00. Looking at these predictions, the average price target given by analysts is for Xerox Holdings Corporation (XRX) stock is $12.40.