Xerox Holdings Corp (NASDAQ:XRX) price on Thursday, February 06, fall -0.12% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $8.39.
A look at the stock’s price movement, the close in the last trading session was $8.40, moving within a range at $8.26 and $8.56. The beta value (5-Year monthly) was 1.607. Turning to its 52-week performance, $19.48 and $8.02 were the 52-week high and 52-week low respectively. Overall, XRX moved -0.24% over the past month.
Xerox Holdings Corp’s market cap currently stands at around $1.04 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 1.00, with its dividend yield at 11.92%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.52B for the company’s revenue for the quarter, with a low and high estimate of 1.52B and 1.53B respectively. The average forecast suggests up to a 1.30% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 6.33B, representing a 1.78% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that XRX is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 2 recommend XRX as a Buy and 0 give it an Overweight rating. Meanwhile, 1 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
XRX’s current price about -6.49% and -5.53% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.04, while 7-day volatility ratio is 4.05% and 5.02% in the 30-day chart. Further, Xerox Holdings Corp (XRX) has a beta value of 1.66, and an average true range (ATR) of 0.44. Analysts have given the company’s stock an average 52-week price target of $8, forecast between a low of $8 and high of $8. Looking at the price targets, the low is 4.65% off current price level while to achieve the yearly target high, price needs to move 4.65%. Nonetheless, investors will most likely welcome a 4.65% jump to $8 which is the analysts’ median price.
If we refocus on Xerox Holdings Corp (NASDAQ:XRX), historical trading data shows that trading volumes averaged 2.85 over the past 10 days and 2.37 million over the past 3 months. The company’s latest data on shares outstanding shows there are 124.44 million shares.
The 7.44% of Xerox Holdings Corp’s shares are in the hands of company insiders while institutional holders own 91.38% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 17.93 million on 2024-12-31, giving us a short ratio of 6.77. The data shows that as of 2024-12-31 short interest in Xerox Holdings Corp (XRX) stood at 2242.0 of shares outstanding, with shares short rising to 16.82 million registered in 2024-11-29. Current price change has pushed the stock -0.47% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the XRX stock continues to rise going into the next quarter.
