Xerox Holdings Corporation (NASDAQ:XRX) saw an upside of 0.58% to $15.51 after adding $0.09 on Tuesday. The 5-day average trading volume is 946,305 shares of the company’s common stock. It has gained $15.71 in the past week and touched a new high 4 times within the past 5 days. An average of 1,122,681 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,487,840.
XRX’s 1-month performance is 0.06% or $0.10 on its low of $14.77 reached on 08/16/23. The company’s shares have touched a 52-week low of $11.80 and high of $18.27, with the stock’s rally to the 52-week high happening on 01/26/23. YTD, XRX has achieved 6.23% or $0.89 and has reached a new high 12 times. However, the current price is down -15.11% from the 52-week high price.
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Insider Transactions
XRX stock investors last saw insider trading activity on Aug 09.BANDROWCZAK STEVEN JOHN (Chief Executive Officer) most recently sold 135,000 shares at $15.53 per share on Aug 09. This transaction cost the insider $2,096,550. EVP & CHRO, Morno-Wade Suzan, sold 5,980 shares at a price of $16.00 on Jul 18. Then, on Jun 14, EVP & CHRO Morno-Wade Suzan sold 11,000 shares at a price of $15.96 per share. This transaction amounted to $175,615.
Valuation Metrics
XRX stock has a beta of 1.68. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.34 while the price-to-book (PB) in the most recent quarter is 0.70, with the price to cash flow ratio at 19.92.
Xerox Holdings Corporation’s quick ratio for the period ended June 30 was 1.00, with the current ratio over the same period at 1.30. As well, the company’s long term debt to equity for the quarter ending June 30 was 0.79, while the total debt to equity was 0.95. In terms of profitability, the gross margin trailing 12 months is 33.20%. The trailing 12-month EBITDA margin is 6.34% while for the period ending June 30, Xerox Holdings Corporation’s operating margin was -1.90%. The firm’s gross profit as reported stood at $2.32 billion against revenue of $7.11 billion.
Earnings Surprise
For the quarterly period ending June 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 93.44% to -$61.0 million, while revenue of $71.0 million was 216.39% off the previous quarter. Analysts expected XRX to announce $0.3 per share in earnings in its latest quarter, but it posted $0.44, representing a 46.70% surprise. EBITDA for the quarter stood at more than $169.0 million. XRX stock balance sheet for the quarter ending June 30 shows that total liabilities totaled 6.96 billion, with total debt at $3.32 billion. Shareholders hold equity totaling $157.12 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 21 August was 52.92% to suggest the stock is trending Neutral, with historical volatility in this time period at 21.06%.
The stock’s 5-day moving average is $15.20, reflecting a +2.41% or $0.36 change from its current price. XRX is currently trading -5.29% above its 20-day SMA, +4.06% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +2.68% and SMA200 by+5.41%.
Stochastic %K and %D was 52.18% and 36.07% and the average true range (ATR) pointed at 0.38. The RSI (14) points at 51.28%, while the 14-day stochastic is at 68.08% with the period’s ATR at 0.41. The stock’s 9-day MACD Oscillator is pointing at 0.10 and -0.01 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Xerox Holdings Corporation (NASDAQ: XRX), Credit Suisse launched coverage with an Underperform rating. Analysts offering their rating for XRX stock have a consensus rating for the stock as Underweight. Currently, 3 brokerage advisors rate XRX as a “sell,”, while 2 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is XRX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $11.00 and a high of $16.00, with their median price target at $14.50. Looking at these predictions, the average price target given by analysts is for Xerox Holdings Corporation (XRX) stock is $14.00.
