As of Thursday close, Xerox Holdings Corporation’s (NASDAQ:XRX) stock was up $0.12, moving up 0.74 percent to $16.34. The average number of shares traded per day over the past five days has been 5,521,080 shares. 2 times new highs have been achieved over the past 5 days, with a $0.28 gain in that time frame. In the last twenty days, the average volume was 2,513,695, while in the previous 50 days, it was 1,776,614.
Since last month, XRX stock rose 6.04%. Shares of the company fell to $15.30 on 08/25/23, the lowest level in the past month. A 52-week high of $18.00 was reached on 01/26/23 after having rallying from a 52-week low of $11.80. Since the beginning of this year, XRX’s stock price has risen by 11.92% or $1.74, and marked a new high 12 times. However, the stock has declined by -9.22% since its 52-week high.
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XRX stock investors should be aware that Xerox Holdings Corporation (XRX) stock had its last reported insider trading activity 17 days ago on Sep 05. Morno-Wade Suzan, the EVP & CHRO of the company, disposed of 9,126 shares for $16.75 on Sep 05. It resulted in a $152,898 divestment by the insider. BANDROWCZAK STEVEN JOHN sold 135,000 shares at an average price of $15.53 on Aug 09. The insider now owns 110,557 shares following the transaction. On Jul 18, EVP & CHRO Morno-Wade Suzan sold 5,980 shares at $16.00 apiece. The transaction was valued at $95,680.
Valuation Metrics
The stock’s beta is 1.67. Besides these, the trailing price-to-sales (P/S) ratio of 0.36, the price-to-book (PB) ratio of 0.76, and the price-to-cash flow ratio of 8.34 may also be considered.
Financial Health
In the three months ended June 29, Xerox Holdings Corporation’s quick ratio stood at 0.90, while its current ratio was 1.10, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.66, and the total debt-to-equity ratio was 0.92. On the profitability front, the trailing twelve-month gross margin is 33.80% percent. In the year ended June 29, EBITDA margin amounted to 6.34%, whereas operating margins totaled -0.90%. Based on annual data, XRX earned $2.32 billion in gross profit and brought in $7.11 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -4.30%. Return on equity (ROE) for the past 12 months was -7.90%.
In Xerox Holdings Corporation’s quarter-end financial report for June 29, it reported total debt of $2.23 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. XRX’s revenue rose 0.4% to $1.72 billion during the quarter, while net income inched up to $1.75 billion. While analysts expected Xerox Holdings Corporation to report $0.3 quarterly earnings, the actual figure was $0.44 per share, beating the consensus estimate by 46.70%. During the quarter, the company generated $169.0 million in EBITDA. The liabilities of Xerox Holdings Corporation were 6.96 billion at the end of its most recent quarter ended June 29, and its total debt was $3.32 billion. The value of shareholders’ equity is $157.12 million.
Technical Picture
This quick technical analysis looks at Xerox Holdings Corporation’s (XRX) price momentum. With a historical volatility rate of 34.39%, the RSI 9-day stood at 55.66% on 21 September.
With respect to its five-day moving average, the current Xerox Holdings Corporation price is up by +1.74% percent or $0.28. At present, XRX shares trade +5.15% above its 20-day simple moving average and +4.28% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.68% above its SMA50 and -1.98% below its SMA200.
Stochastic coefficient K was 40.27% and Stochastic coefficient D was 32.71%, while ATR was 0.47. Given the Stochastic reading of 46.70% for the 14-day period, the RSI (14) reading has been calculated as 55.19%. As of today, the MACD Oscillator reading stands at 0.08, while the 14-day reading stands at -0.14.
Analyst Ratings
Credit Suisse launched its rating on Xerox Holdings Corporation (NASDAQ: XRX) to an Underperform in a note to investors on August 17, 2022. Xerox Holdings Corporation (XRX) has been rated Underweight by analysts. According to 2 brokerage firms, XRX is a sell, and 3 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 0 analysts rate Xerox Holdings Corporation stock as buy, with 0 recommending it as overweight.
With a median target price of $14.50, the current consensus forecast for the stock is $12.90 – $16.00. Based on these forecasts, analysts predict Xerox Holdings Corporation (XRX) will achieve an average price target of $14.48.
