At the time of writing, Xerox Holdings Corp [XRX] stock is trading at $17.80, down -0.56%. An important factor to consider is whether the stock is rising or falling in short-term value. The XRX shares have gain 4.58% over the last week, with a monthly amount drifted -4.56%, and not seem to be holding up well over a long-time horizon.
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On 25, March 2024, Xerox Holdings Corporation Announces Full Exercise of Over-Allotment Option for its 3.75% Convertible Senior Notes due 2029, and Completion of Series of Financing Transactions. In a post published today on Yahoo Finance, Xerox Holdings Corporation (NASDAQ: XRX) (the “Company”) today announced the full exercise of the over-allotment option for its offering of 3.75% Convertible Senior Notes due 2030 (the “Convertible Notes”), raising an additional $50,000,000 and bringing the total gross proceeds from the Convertible Notes offering to $400,000,000. This announcement follows the Company’s announcements last week of the closing of its offering of $500,000,000 aggregate principal amount of 8.875% Senior Notes due 2029 (the “Senior Notes”), as well as the early settlement of its previously announced cash tender offers, resulting in the repurchase of $82,842,000 aggregate principal amount of its 3.800% senior notes due 2024 (“2024 Notes”) and $362,000,000 aggregate principal amount of its 5.000% senior notes due 2025 (“2025 Notes”).
From an analyst’s perspective:
Xerox Holdings Corp [NASDAQ: XRX] stock has seen the most recent analyst activity on August 17, 2022, when Credit Suisse initiated its Underperform rating and assigned the stock a price target of $14. Previously, Morgan Stanley downgraded its rating to Underweight on February 04, 2021, and kept the price target unchanged to $18. On January 27, 2021, downgrade downgraded it’s rating to Neutral and revised its price target to $20 on the stock. Cross Research downgraded its rating to a Sell but stick to its price target of $17 on January 19, 2021. JP Morgan downgraded its rating to a Underweight. Loop Capital downgraded its rating to Hold for this stock on April 27, 2020, and downed its price target to $18.
For the past year, the stock price of Xerox Holdings Corp fluctuated between $12.06 and $19.78. Currently, Wall Street analysts expect the stock to reach $14.33 within the next 12 months. Xerox Holdings Corp [NASDAQ: XRX] shares were valued at $17.80 at the most recent close of the market. An investor can expect a potential drop of -19.49% based on the average XRX price forecast.
Analyzing the XRX fundamentals
According to Xerox Holdings Corp [NASDAQ:XRX], the company’s sales were 6.89B for trailing twelve months, which represents an -9.11% plunge. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at -0.0%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.0 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.21.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 17.55 points at the first support level, and at 17.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.02, and for the 2nd resistance point, it is at 18.25.
Xerox Holdings Corp [XRX] reported earnings per share of $0.43 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.52/share, meaning a difference of -$0.09 and a surprise factor of -17.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.46 per share as compared to estimates of $0.35 per share, a difference of $0.11 representing a surprise of 31.40%.
Ratios To Look Out For
It is important to note that Xerox Holdings Corp [NASDAQ:XRX] has a current ratio of 1.14. On the other hand, the Quick Ratio is 0.91, and the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 0.32, the price to book ratio is 0.86.
Transactions by insiders
Recent insider trading involved ICAHN CARL C, 10% Owner, that happened on Sep 28 ’23 when 34.25 million shares were sold. EVP & CHRO, Morno-Wade Suzan completed a deal on Sep 05 ’23 to sell 9126.0 shares. Meanwhile, Chief Executive Officer BANDROWCZAK STEVEN JOHN sold 0.14 million shares on Aug 09 ’23.
