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

Xerox 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 April 19, 2024, XRX stock price climbed to $16.44 with 1,329,133 million shares trading.

XRX has a beta of 2.22, meaning it tends to be more sensitive to market movements. XRX has a correlation of 0.31 to the broad based SPY ETF.

XRX has a market cap of $2.04 billion. This is considered a Mid Cap stock.

Last quarter Xerox Holdings reported $2 billion in Revenue and $.43 earnings per share. This fell short of revenue expectation by $-25 million and missed earnings estimates by -$.10.

In the last 3 years, XRX stock traded as high as $25.59 and as low as $11.80.

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 +18.4% while the SPY ETF gained +21.2%. However, in the short term, XRX had mixed performance relative to the market. It has outperformed in the last 3 months, returning +5.4% vs +4.3% return in SPY. But in the last 2 weeks, XRX shares have been beat by the market, returning -6.1% compared to an SPY return of -3.5%.

XRX support price is $15.87 and resistance is $16.50 (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 stock will trade within this expected range on the day.