The stock of Xerox Holdings Corporation (NASDAQ:XRX) decreased by -$0.02 on Wednesday to $15.98, down -0.13 percent. The last five days have seen an average of 969,369 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $1.33. The average number of shares traded over the last 20 days was 1,029,432, while the average volume over the last 50 days totaled 1,362,251.
XRX stock appreciated 1.91% since last month. On 08/16/23, the company’s shares reached a one-month low of $14.77. The stock touched a high of $18.00 on 01/26/23, after rallying from a low of $11.80 in 52 weeks. The price of XRX stock has risen by 9.45% or $1.33 this year, reaching a new high 12 times. Still, the stock price is down -11.22% from the 52-week high.
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Insider Transactions
XRX stock investors should be aware that Xerox Holdings Corporation (XRX) stock had its last reported insider trading activity 21 days ago on Aug 09. On Aug 09, Chief Executive Officer BANDROWCZAK STEVEN JOHN sold 135,000 shares at $15.53 each. This transaction resulted in the insider making $2,096,550. On Jul 18, Morno-Wade Suzan sold 5,980 shares at a price of US$16.00. After the transaction, the insider now owns 55,449 shares. EVP & CHRO Morno-Wade Suzan had earlier sold 11,000 shares on Jun 14 for $15.96 a share. The transaction was completed for $175,615.
Valuation Metrics
Beta for the stock is 1.68. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.35, the price-to-book (PB) ratio of 0.74, and the price-to-cash flow ratio of 8.12.
Financial Health
For the three months ended June 29, Xerox Holdings Corporation’s quick ratio was 0.90, while its current ratio was 1.10, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.66, and the total debt to equity ratio is 0.92. As far as profitability goes, gross margin for the trailing twelve months is 33.80% percent. Xerox Holdings Corporation’s EBITDA margin for the year ended June 29 was 6.34%, whereas its operating margin stood at -0.90% for the same period. Based on annual data, it had gross profit of $2.32 billion and revenue of $7.11 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. XRX’s return on assets (ROA) during the last 12 months has been -2.40%. There was a -4.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -7.90%.
Earnings Surprise
According to Xerox Holdings Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.75 billion, while revenues rose by 0.4% to $1.72 billion. It was predicted that Xerox Holdings Corporation’s quarterly earnings would be $0.44, but it ended up being $0.3, beating the consensus by 46.70%. EBITDA was $169.0 million for the quarter. At the end of Xerox Holdings Corporation’s most recent quarter ended June 29, its liabilities totaled 6.96 billion, while its total debt was $3.32 billion. Equity owned by shareholders amounts to $157.12 million.
Technical Picture
Here’s a quick look at Xerox Holdings Corporation’s (XRX) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 64.02%, suggesting the stock is Neutral, with a 13.03% historical volatility rate.
The stochastic %K and %D were 93.62% and 87.06% respectively, while the average true range (ATR) was 0.36. Based on the 14-day stochastic reading of 89.23%, the RSI (14) reading is 58.68%. On the 9-day MACD Oscillator, the stock is at 0.35, and the 14-day reading is at 0.51.
Analyst Ratings
In its analyst report released on August 17, 2022, Credit Suisse began covering Xerox Holdings Corporation (NASDAQ: XRX). The stock was rated as an Underperform by the brokerage firm. Analysts have assigned Xerox Holdings Corporation (XRX) an Underweight rating. XRX is a stock that is recommended for selling by 3 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is XRX’s price target for the next 12 months?
The current consensus forecast for the stock is between $11.00 and $16.00, with a median target price of $14.50. In analyzing these forecasts, the average price target given by analysts for Xerox Holdings Corporation (XRX) is $14.00.
