XRX Stock Summary and Trading Ideas (Xerox Holdings | NASDAQ:XRX)

Xerox Holdings Corp is an original equipment manufacturing and software company. Xerox operates in one segment--design, development, and sale of printing technology and related solutions--while deriving 60% of its revenue from the U.S. and 40% from international markets. The company is an OEM of multifunction printers, or MFPs (printers that can print, copy, and scan), focusing on large enterprise markets. Apart from equipment, the company provides post-sales services like managed print services--a service that helps to bring smart servicing and efficiencies to how employers use their print/copy equipment. Xerox is attempting to enter new markets like digital print packaging solutions and printed electronics.

Xerox Holdings trades on the NASDAQ stock market under the symbol XRX.

As of November 13, 2024, XRX stock price declined to $8.27 with 2,219,204 million shares trading.

XRX has a beta of 1.59, meaning it tends to be more sensitive to market movements. XRX has a correlation of 0.14 to the broad based SPY ETF.

XRX has a market cap of $1.03 billion. This is considered a Small Cap stock.

Last quarter Xerox Holdings reported $2 billion in Revenue and $.25 earnings per share. This fell short of revenue expectation by $-102 million and missed earnings estimates by -$.26.

In the last 3 years, XRX traded as high as $24.14 and as low as $8.02.

The top ETF exchange traded funds that XRX belongs to (by Net Assets): CALF, IJR, VTI, VB, IWM.

XRX has underperformed the market in the last year with a price return of -30.6% while the SPY ETF gained +37.1%. XRX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -12.3% and -2.6%, respectively, while the SPY returned +12.3% and +2.7%, respectively.

XRX support price is $8.42 and resistance is $8.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that XRX shares will trade within this expected range on the day.