Xerox Holdings Corp (XRX) concluded trading on Wednesday at a closing price of $6.93, with 6.19 million shares of worth about $42.88 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -35.77% during that period and on Wednesday the price saw a loss of about -7.48%. Currently the company’s common shares owned by public are about 124.44M shares, out of which, 116.00M shares are available for trading.
Stock saw a price change of -13.70% in past 5 days and over the past one month there was a price change of -28.63%. Year-to-date (YTD), XRX shares are showing a performance of -17.79% which decreased to -62.50% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.44 but also hit the highest price of $19.48 during that period. The average intraday trading volume for Xerox Holdings Corp shares is 2.63 million. The stock is currently trading -14.04% below its 20-day simple moving average (SMA20), while that difference is down -19.35% for SMA50 and it goes to -32.99% lower than SMA200.
Xerox Holdings Corp (NASDAQ: XRX) currently have 124.44M outstanding shares and institutions hold larger chunk of about 98.37% of that.
The stock has a current market capitalization of $868.20M and its 3Y-monthly beta is at 1.67. It has posted earnings per share of -$10.74 in the same period. It has Quick Ratio of 0.86 while making debt-to-equity ratio of 2.78. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for XRX, volatility over the week remained 4.81% while standing at 4.80% over the month.
Stock’s fiscal year EPS is expected to rise by 10.82% while it is estimated to increase by 51.94% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on June 28, 2024 offering a Sell rating for the stock and assigned a target price of $11 to it. Coverage by Credit Suisse stated Xerox Holdings Corp (XRX) stock as an Underperform in their note to investors on August 17, 2022, suggesting a price target of $14 for the stock. On February 04, 2021, Morgan Stanley Downgrade their recommendations, while on January 27, 2021, Credit Suisse Downgrade their ratings for the stock with a price target of $20. Stock get a Sell rating from Cross Research on January 19, 2021.
