Citigroup has recently initiated Xerox Holdings Corp (XRX) stock to Sell rating, as announced on June 28, 2024, according to Finviz. Earlier, on August 17, 2022, Credit Suisse had initiated the stock to Underperform, setting a price target of $14. Morgan Stanley also reduced their rating with a price target of $18. Additionally, Credit Suisse reduced Neutral rating on January 27, 2021, with a target price of $20. Cross Research analysts, in their report published on January 19, 2021, also reduced Sell rating and set a price target of $17 for Xerox Holdings Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Xerox Holdings Corp (XRX) Stock Trading Recap
On Friday, Xerox Holdings Corp (XRX) stock saw a modest uptick, ending the day at $10.43 which represents a slight increase of $0.33 or 3.27% from the prior close of $10.1. The stock opened at $10.24 and touched a low of $10.24 during the day, reaching a high of $10.56. The volume of shares traded was 1.52 million falling short of the average volume of 2.09 million.
XRX Stock Performance and Moving Averages
In recent trading, Xerox Holdings Corp (XRX) stock price has shown some volatility, fluctuating 1.96% over the last five trades and 5.04% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -37.17%, and it has plunged by -24.31% in the previous three months. Currently, XRX is trading at -0.99%, -2.76%, and -29.00% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, XRX, a Technology sector stock, is trading -47.27% below its 52-week high but remains 9.67% above its 52-week low. The Average True Range (ATR) (14 days) of 0.4 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Xerox Holdings Corp’s Profitability and Valuation Ratios
Xerox Holdings Corp’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 2.77% and a profit margin of -1.82%, with a gross margin of -37.17%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Xerox Holdings Corp’s market capitalization stands at $1.30 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 5.84. Additionally, the Price-to-Sales Ratio is 0.2, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.55, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 7.35% of Xerox Holdings Corp (XRX)’s shares, while financial institutions hold 92.59%.
Notable insider trades include ICAHN CARL C, 10% Owner at Xerox Holdings Corp (XRX), who sold 34245314 shares on Sep 28 ’23, at $15.84 each, totaling $542.45 million.
