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Friday, September 29, 2023

Momentum Is Strong For Xerox Holdings Corporation (NASDAQ: XRX)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Xerox Holdings Corporation (XRX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.14, or -0.85%, to $16.34. The Xerox Holdings Corporation has recorded 46,611 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Blackstone and Airbnb Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600.

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Stocks Info

This NASDAQ-listed company operates within the Information Technology Services industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $16.48 and fluctuated between $16.57 as its day high and $16.05 as its day low. The current market capitalization of Xerox Holdings Corporation is $2.50B. A total of 1.31 million shares were traded on the day, compared to an average of 1.44M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, XRX has seen 2 BUY and 7 SELL insider trades, representing the acquisition of 59,482 and the disposition of 238,989 shares. Over the last 12 months, there were 28 BUYs and 41 SELLs from insiders. Insiders purchased 1,178,005 shares during that period but sold 376,174.

In the most recent transaction, BANDROWCZAK STEVEN JOHN sold 135,000 shares of XRX for 15.53 per share on Aug 09. After the transaction, the Chief Executive Officer now owns 110,557 company shares. In a previous transaction on Jul 18, Morno-Wade Suzan sold 5,980 shares at 16.00 per share. XRX shares that EVP & CHRO owns now total 55,449.

Among the insiders who sold shares, Morno-Wade Suzan disposed of 11,000 shares on Jun 14 at a per-share price of $15.96. This resulted in the EVP & CHRO holding 61,429 shares of XRX after the transaction. In another insider transaction, Gueden Jacques-Edouard sold 10,000 shares at $15.61 per share on Apr 26. Company shares held by the Executive Vice President now total 28,125.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for XRX in the last 3 months, the mean price target is $14.00 with high estimates of $16.00 and low estimates of $11.00. In terms of 52-week highs and lows, XRX has a high of $18.00 and a low of $11.80.

As of this writing, XRX has an earnings estimate of $0.33 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.33 per share and a lower estimate of $0.33. The company reported an EPS of $0.49 in the last quarter, which was 188.20% higher than expectations of $0.17.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. XRX’s latest balance sheet shows that the firm has $1.84B in Cash & Short Term Investments as of fiscal 2021. There were $4.25B in debt and $2.83B in liabilities at the time. Its Book Value Per Share was $21.55, while its Total Shareholder’s Equity was $4.67B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for XRX is Buy with a score of 1.67.

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