Xerox Holdings Corporation (NASDAQ:XRX) finished Wednesday with a subtraction of -$0.16 to close at $15.53, a downside of -1.02 percent. An average of 1,118,340 shares of common stock have been traded in the last five days. There was a fall of -$0.24 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 1,420,335 shares traded, while the 50-day average volume stands at 1,580,922.
XRX stock has decreased by -3.36% in the last month. The company shares reached their 1-month lowest point of $15.00 on 07/10/23. With the stock rallying to its 52-week high on 01/26/23, shares of the company touched a low of $11.80 and a high of $19.40 in 52 weeks. It has reached a new high 12 times so far this year and achieved 6.37% or $0.93 in price. In spite of this, the price is down -19.95% from the 52-week high.
Insider Transactions
XRX stock investors should be aware that Xerox Holdings Corporation (XRX) stock had its last reported insider trading activity 23 days ago on Jul 18. In this transaction, the insider spent $95,680. EVP & CHRO, Morno-Wade Suzan, disposed of 11,000 shares at a price of $15.96 on Jun 14. The insider now owns more than $175,615 worth of shares. Prior to that, Executive Vice President Gueden Jacques-Edouard went on to Sale 10,000 shares at $15.61 each on Apr 26. An amount of $156,100 was transacted.
Valuation Metrics
Xerox Holdings Corporation (XRX) stock’s beta is 1.69. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.34, the price-to-book (PB) ratio at 0.70.
Financial Health
The quick ratio of Xerox Holdings Corporation for the three months ended June 29 was 1.00, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.79 and a total debt to equity ratio of 0.95 for the quarter ending June 29. Xerox Holdings Corporation’s EBITDA margin for the year ending June 29 is 6.34%, while its operating margin for the same period stands at -1.90%. Its gross profit as reported stood at $2.32 billion compared to revenue of $7.11 billion.
Earnings Surprise
For the three-month period that ended June 29, Xerox Holdings Corporation had $2.23 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 -$61.0 million in the quarter, while revenues were grew 93.44%. The analyst consensus anticipated Xerox Holdings Corporation’s latest quarter earnings to come in at $0.3 per share, but it turned out to be $0.44, a 46.70% surprise. For the quarter, EBITDA amounted to $169.0 million. Shareholders own equity worth $157.12 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 09 August was 45.61%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.58%.
As of today, XRX’s price is $15.57 -1.52% or -$0.24 from its 5-day moving average. XRX is currently trading -3.36% lower than its 20-day SMA and +2.17% higher than its 100-day SMA. However, the stock’s current price level is +7.47% above the SMA50 and +1.90% above the SMA200.
The stochastic %K and %D were 16.33% and 14.23%, respectively, and the average true range (ATR) was 0.50. With the 14-day stochastic at 15.82% and the average true range at 0.51, the RSI (14) stands at 49.09%. The stock has reached -0.11 on the 9-day MACD Oscillator while the 14-day reading was at -0.24.
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. The consensus rating for Xerox Holdings Corporation (XRX) among analysts is Underweight. According to current brokerage recommendations, 3 brokerage firms advise that investors sell XRX, while 2 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is XRX’s price target for the next 12 months?
Analysts predict a range of price targets between $11.00 and $16.00, with a median target of $14.50. Taking a look at these predictions, the average price target given by analysts for Xerox Holdings Corporation (XRX) stock is $14.00.
