Xerox Holdings Corp (XRX) Shares Decline Despite Market Challenges

Xerox Holdings Corp (NASDAQ: XRX)’s stock price has gone decline by -0.22 in comparison to its previous close of 17.80, however, the company has experienced a 1.49% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-02 that Unlock your portfolio value with high earnings yield stocks like SKY, XRX, PPC, SUN and TRV.

Is It Worth Investing in Xerox Holdings Corp (NASDAQ: XRX) Right Now?

The stock has a 36-month beta value of 1.57. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”

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The public float for XRX is 113.70M, and at present, short sellers hold a 10.66% of that float. On April 02, 2024, the average trading volume of XRX was 2.31M shares.

XRX’s Market Performance

XRX’s stock has seen a 1.49% increase for the week, with a -7.93% drop in the past month and a -3.11% fall in the past quarter. The volatility ratio for the week is 2.27%, and the volatility levels for the past 30 days are at 2.95% for Xerox Holdings Corp The simple moving average for the past 20 days is 2.97% for XRX’s stock, with a 11.25% simple moving average for the past 200 days.

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.

Morgan Stanley, on the other hand, stated in their research note that they expect to see XRX reach a price target of $18. The rating they have provided for XRX stocks is “Underweight” according to the report published on February 04th, 2021.

Credit Suisse gave a rating of “Neutral” to XRX, setting the target price at $20 in the report published on January 27th of the previous year.

XRX Trading at -0.73% 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 -10.21% of loss for the given period.

Volatility was left at 2.95%, however, over the last 30 days, the volatility rate increased by 2.27%, as shares sank -6.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.53% upper at present.

During the last 5 trading sessions, XRX rose by +1.63%, which changed the moving average for the period of 200-days by +13.79% in comparison to the 20-day moving average, which settled at $17.18. In addition, Xerox Holdings Corp saw -3.11% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at XRX starting from ICAHN CARL C, who sale 34,245,314 shares at the price of $15.84 back on Sep 28 ’23. After this action, ICAHN CARL C now owns 0 shares of Xerox Holdings Corp, valued at $542,445,774 using the latest closing price.

Morno-Wade Suzan, the EVP & CHRO of Xerox Holdings Corp, sale 9,126 shares at $16.75 during a trade that took place back on Sep 05 ’23, which means that Morno-Wade Suzan is holding 46,323 shares at $152,898 based on the most recent closing price.

Stock Fundamentals for XRX

Current profitability levels for the company are sitting at:

  • 0.05 for the present operating margin
  • 0.34 for the gross margin

The net margin for Xerox Holdings Corp stands at 0.0. The total capital return value is set at 0.05. Equity return is now at value 0.03, with 0.01 for asset returns.

Based on Xerox Holdings Corp (XRX), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 1.21. The interest coverage ratio of the stock is 5.1.

Currently, EBITDA for the company is 584.0 million with net debt to EBITDA at 5.36. When we switch over and look at the enterprise to sales, we see a ratio of 0.74. The receivables turnover for the company is 3.88for trailing twelve months and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.14.

Conclusion

To sum up, Xerox Holdings Corp (XRX) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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