The trading price of Xerox Holdings Corp (NASDAQ:XRX) closed lower on Tuesday, April 23, closing at $14.76, -10.11% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $19.78 and a 52-week low of $12.06. Over the past month, the stock has lost -13.28% in value.
Xerox Holdings Corp, whose market valuation is $1.83 billion at the time of this writing. The dividend yield on the company stock is 6.78%, while its Forward Dividend ratio is 1.00. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.35 per share this quarter, however they have predicted annual earnings per share of 2.14 for current year and 2.42 for next year.
Analysts have forecast the company to bring in revenue of 1.53B for the current quarter, with the likely lows of 1.5B and highs of 1.57B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 6.59B.
On the technical side, indicators suggest XRX has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Sell.
A quick review shows that XRX’s price is currently -13.82% off the SMA20 and -16.02% off the SMA50. The RSI metric on the 14-day chart is currently showing 25.20, and weekly volatility stands at 3.71%. When measured over the past 30 days, the indicator reaches 2.93%. Xerox Holdings Corp (NASDAQ:XRX)’s beta value is currently sitting at 1.60, while the Average True Range indicator is currently displaying 0.63.
To see how Xerox Holdings Corp stock has been performing in comparison to its peers in the industry, here are the numbers: XRX stock’s performance was -10.11% in the latest trading, and 7.27% in the past year.
An evaluation of the daily trading volume of Xerox Holdings Corp (NASDAQ:XRX) indicates that the 3-month average is 2.45 million.
Currently, records show that 123.14 million of the company’s shares remain outstanding. The insiders hold 8.44% of outstanding shares, whereas institutions hold 86.83%. However, since the stock’s price has seen -19.48% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
