The stock price of Xerox Holdings Corp (NASDAQ: XRX) has dropped by -5.14 compared to previous close of 9.33. Despite this, the company has seen a fall of -3.38% in its stock price over the last five trading days. accesswire.com reported 2024-12-03 that NEW YORK, NY / ACCESSWIRE / December 3, 2024 / If you suffered a loss on your Xerox Holdings Corporation (NASDAQ:XRX) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/xerox-holdings-corporation-lawsuit-submission-form?prid=114642&wire=1 or contact Joseph E. Levi, Esq.
Is It Worth Investing in Xerox Holdings Corp (NASDAQ: XRX) Right Now?
Additionally, the 36-month beta value for XRX is 1.61. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 2 rating it as “sell.”
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The public float for XRX is 115.11M and currently, short sellers hold a 13.96% ratio of that float. The average trading volume of XRX on December 04, 2024 was 2.24M shares.
XRX’s Market Performance
XRX’s stock has seen a -3.38% decrease for the week, with a 6.76% rise in the past month and a -18.58% fall in the past quarter. The volatility ratio for the week is 4.16%, and the volatility levels for the past 30 days are at 4.17% for Xerox Holdings Corp. The simple moving average for the past 20 days is 0.85% for XRX’s stock, with a -29.72% simple moving average for the past 200 days.
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 -6.81% 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 -55.26% of loss for the given period.
Volatility was left at 4.17%, however, over the last 30 days, the volatility rate increased by 4.16%, as shares surge +5.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.98% lower at present.
During the last 5 trading sessions, XRX fell by -3.38%, which changed the moving average for the period of 200-days by -52.39% in comparison to the 20-day moving average, which settled at $8.78. In addition, Xerox Holdings Corp saw -51.72% 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:
- -0.15 for the present operating margin
- 0.32 for the gross margin
The net margin for Xerox Holdings Corp stands at -0.21. The total capital return value is set at -0.16. Equity return is now at value -60.09, with -14.47 for asset returns.
Based on Xerox Holdings Corp (XRX), the company’s capital structure generated 0.68 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 2.16. The interest coverage ratio of the stock is -8.23.
Currently, EBITDA for the company is 291.0 million with net debt to EBITDA at -2.88. When we switch over and look at the enterprise to sales, we see a ratio of 0.6. The receivables turnover for the company is 4.15for trailing twelve months and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.26.
Conclusion
In conclusion, Xerox Holdings Corp (XRX) has seen bad 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’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.
