The stock of Xerox Holdings Corporation (XRX) has gone down by -4.00% for the week, with a 8.59% rise in the past month and a 4.63% rise in the past quarter. The volatility ratio for the week is 3.40%, and the volatility levels for the past 30 days are 2.57% for XRX. The simple moving average for the past 20 days is 0.41% for XRX’s stock, with a 3.63% simple moving average for the past 200 days.
Is It Worth Investing in Xerox Holdings Corporation (NASDAQ: XRX) Right Now?
Additionally, the 36-month beta value for XRX is 1.69. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 3 rating it as “sell.”
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The average price predicted by analysts for XRX is $13.78, which is -$3.39 below the current price. The public float for XRX is 148.26M and currently, short sellers hold a 5.49% ratio of that float. The average trading volume of XRX on September 18, 2023 was 1.50M shares.
XRX) stock’s latest price update
Xerox Holdings Corporation (NASDAQ: XRX)’s stock price has decreased by 0.00 compared to its previous closing price of 16.06. However, the company has seen a -4.00% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-08-24 that Xerox’s (XRX) bottom line is benefiting from “Project Own It,” an enterprise-wide transformation initiative aimed at increasing productivity and operational efficiency.
Analysts’ Opinion of XRX
Many brokerage firms have already submitted their reports for XRX stocks, with Credit Suisse repeating the rating for XRX by listing it as a “Underperform.” The predicted price for XRX in the upcoming period, according to Credit Suisse is $14 based on the research report published on August 17, 2022 of the previous year 2022.
XRX Trading at 1.72% from the 50-Day Moving Average
After a stumble in the market that brought XRX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.78% of loss for the given period.
Volatility was left at 2.57%, however, over the last 30 days, the volatility rate increased by 3.40%, as shares surge +6.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.62% upper at present.
During the last 5 trading sessions, XRX fell by -4.00%, which changed the moving average for the period of 200-days by +3.95% in comparison to the 20-day moving average, which settled at $16.04. In addition, Xerox Holdings Corporation saw 10.00% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at XRX starting from Morno-Wade Suzan, who sale 9,126 shares at the price of $16.75 back on Sep 05. After this action, Morno-Wade Suzan now owns 46,323 shares of Xerox Holdings Corporation, valued at $152,898 using the latest closing price.
BANDROWCZAK STEVEN JOHN, the Chief Executive Officer of Xerox Holdings Corporation, sale 135,000 shares at $15.53 during a trade that took place back on Aug 09, which means that BANDROWCZAK STEVEN JOHN is holding 110,557 shares at $2,096,550 based on the most recent closing price.
Stock Fundamentals for XRX
Current profitability levels for the company are sitting at:
- +2.47 for the present operating margin
- +30.68 for the gross margin
The net margin for Xerox Holdings Corporation stands at -4.53. The total capital return value is set at 2.10, while invested capital returns managed to touch -4.28. Equity return is now at value -7.90, with -2.40 for asset returns.
Based on Xerox Holdings Corporation (XRX), the company’s capital structure generated 111.64 points at debt to equity in total, while total debt to capital is 52.75. Total debt to assets is 34.40, with long-term debt to equity ratio resting at 90.85. Finally, the long-term debt to capital ratio is 40.34.
When we switch over and look at the enterprise to sales, we see a ratio of 0.75, with the company’s debt to enterprise value settled at 0.74. The receivables turnover for the company is 3.55 and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.23.
Conclusion
In conclusion, Xerox Holdings Corporation (XRX) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
