Xerox Holdings Corp (NASDAQ:XRX) shares, rose in value, with the stock price up by 2.08% to the previous day’s close as strong demand from buyers drove the stock to $4.90.
Actively observing the price movement in the last trading, the stock closed the session at $4.80. Referring to stock’s 52-week performance, its high was $14.81, and the low was $3.44. On the whole, XRX has fluctuated by 10.36% over the past month.
With the market capitalization of Xerox Holdings Corp currently standing at about $616.37 million, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.88, with its dividend yield at 17.86%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that XRX’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of XRX currently trading nearly -6.04% and 2.11% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.44, while the 7-day volatility ratio is showing 8.68% which for the 30-day chart, stands at 5.42%. Furthermore, Xerox Holdings Corp (XRX)’s beta value is 1.84, and its average true range (ATR) is 0.37.
A comparison of Xerox Holdings Corp (XRX) with its peers suggests the former has fared considerably weaker in the market. XRX showed an intraday change of 2.08% in last session, and over the past year, it shrunk by -64.65%%.
Data on historical trading for Xerox Holdings Corp (NASDAQ:XRX) indicates that the trading volumes over the past 3 months, they’ve averaged 4.99 million. According to company’s latest data on outstanding shares, there are 125.78 million shares outstanding.
Nearly 8.22% of Xerox Holdings Corp’s shares belong to company insiders and institutional investors own 94.95% of the company’s shares. The stock has fallen by -41.87% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the XRX stock heading into the next quarter.
