The stock of Xerox Holdings Corp (XRX) has gone down by -1.35% for the week, with a -5.10% drop in the past month and a -18.28% drop in the past quarter. The volatility ratio for the week is 3.78%, and the volatility levels for the past 30 days are 3.50% for XRX. The simple moving average for the last 20 days is -3.13% for XRX’s stock, with a simple moving average of -29.71% for the last 200 days.
Is It Worth Investing in Xerox Holdings Corp (NASDAQ: XRX) Right Now?
XRX has 36-month beta value of 1.59. Analysts have mixed views on the stock, 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 115.19M, and currently, short sellers hold a 13.95% ratio of that float. The average trading volume of XRX on September 25, 2024 was 2.20M shares.
XRX) stock’s latest price update
The stock price of Xerox Holdings Corp (NASDAQ: XRX) has jumped by 0.69 compared to previous close of 10.17. Despite this, the company has seen a fall of -1.35% in its stock price over the last five trading days. benzinga.com reported 2024-09-24 that During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Analysts’ Opinion of XRX
Many brokerage firms have already submitted their reports for XRX stocks, with Citigroup repeating the rating for XRX by listing it as a “Sell.” The predicted price for XRX in the upcoming period, according to Citigroup is $11 based on the research report published on June 28, 2024 of the current year 2024.
Credit Suisse, on the other hand, stated in their research note that they expect to see XRX reach a price target of $14. The rating they have provided for XRX stocks is “Underperform” according to the report published on August 17th, 2022.
Morgan Stanley gave a rating of “Underweight” to XRX, setting the target price at $18 in the report published on February 04th of the previous year.
XRX Trading at -3.92% 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 -48.23% of loss for the given period.
Volatility was left at 3.50%, however, over the last 30 days, the volatility rate increased by 3.78%, as shares sank -6.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.08% lower at present.
During the last 5 trading sessions, XRX fell by -1.35%, which changed the moving average for the period of 200-days by -27.32% in comparison to the 20-day moving average, which settled at $10.53. In addition, Xerox Holdings Corp saw -44.14% 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.
Stock Fundamentals for XRX
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.32 for the gross margin
The net margin for Xerox Holdings Corp stands at -0.02. The total capital return value is set at 0.03. Equity return is now at value -3.37, with -1.04 for asset returns.
Based on Xerox Holdings Corp (XRX), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 1.3. The interest coverage ratio of the stock is 1.97.
Currently, EBITDA for the company is 584.0 million with net debt to EBITDA at 7.89. When we switch over and look at the enterprise to sales, we see a ratio of 0.65. The receivables turnover for the company is 3.99for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.49.
Conclusion
To put it simply, Xerox Holdings Corp (XRX) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
