In the past week, XRX stock has gone down by -0.49%, with a monthly decline of -3.07% and a quarterly plunge of -13.36%. The volatility ratio for the week is 5.14%, and the volatility levels for the last 30 days are 3.36% for Xerox Holdings Corp. The simple moving average for the past 20 days is -2.23% for XRX’s stock, with a -27.09% simple moving average for the past 200 days.
Is It Worth Investing in Xerox Holdings Corp (NASDAQ: XRX) Right Now?
The 36-month beta value for XRX is at 1.58. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for XRX is 115.19M, and currently, shorts hold a 14.27% of that float. The average trading volume for XRX on October 22, 2024 was 1.96M shares.
XRX) stock’s latest price update
The stock price of Xerox Holdings Corp (NASDAQ: XRX) has dropped by -6.21 compared to previous close of 10.79. Despite this, the company has seen a fall of -0.49% in its stock price over the last five trading days. 247wallst.com reported 2024-10-16 that Recognizing that one day “Magnificent 7” stocks like Apple were once small cap stocks (those with market caps between $250 million and $2 billion), FTSE Russell, a subsidiary of the London Stock Exchange, created the Russell 2000 Index.
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 -2.86% 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 -48.84% of loss for the given period.
Volatility was left at 3.36%, however, over the last 30 days, the volatility rate increased by 5.14%, as shares sank -0.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.61% upper at present.
During the last 5 trading sessions, XRX fell by -0.49%, which changed the moving average for the period of 200-days by -38.93% in comparison to the 20-day moving average, which settled at $10.35. In addition, Xerox Holdings Corp saw -44.79% in overturn over a single year, with a tendency to cut further losses.
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
In conclusion, Xerox Holdings Corp (XRX) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
