Stocks of Xerox Holdings Corp (NASDAQ:XRX) traded higher last session on Wall Street, down -2.57% to $14.38.
XRX stock price is now -17.83% away from the 50-day moving average and -10.84% away from the 200-day moving average. The market capitalization of the company currently stands at $1.79B.
With the price target of $14, Credit Suisse recently initiated with Underperform rating for Xerox Holdings Corp (NASDAQ: XRX). On February 04, 2021, Morgan Stanley Downgraded its previous ‘Equal-Weight’ rating to ‘Underweight’ on the stock keeping its target price maintained at $18, while ‘Credit Suisse’ rates the stock as ‘Neutral’
In other news, ICAHN CARL C, 10% Owner sold 34,245,314 shares of the company’s stock on Sep 28 ’23. The stock was sold for $542,445,774 at an average price of $15.84. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 05 ’23, EVP & CHRO Morno-Wade Suzan sold 9,126 shares of the business’s stock. A total of $152,898 was realized by selling the stock at an average price of $16.75. This leaves the insider owning 46,323 shares of the company worth $0.67 million. A total of 8.44% of the company’s stock is owned by insiders.
During the past 12 months, Xerox Holdings Corp has had a low of $12.06 and a high of $19.78. As of last week, the company has a debt-to-equity ratio of 1.39, a current ratio of 1.37, and a quick ratio of 1.07.
The net profit margin was -2.95% and return on equity was -5.84% for XRX. The company reported revenue of $1.76 billion for the quarter, compared to $1.94 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.07 percent.
