Xerox Holdings Corporation (XRX, Financial) experienced a significant stock drop of 5.07%, with shares currently priced at $7.97. Trading volume reached 2.033 million shares, and the turnover rate was 1.63%, with a price fluctuation of 4.65%. Recent financial reports reveal Xerox's revenue at $6.221 billion, but a net loss of $1.321 billion, resulting in an earnings per share of -$10.75 and a gross profit of $1.887 billion. The company’s price-to-earnings ratio stands at -0.74.
Analysts are divided on Xerox's performance, with 17% recommending a buy, 33% advising to hold, and 50% suggesting a sell. In the broader information technology services sector, there was an overall decline of 0.42%. However, some related stocks like Bigbear.Ai, Inc., Ibex Limited, and Veea Inc showed significant gains. Notable activity was seen in Bigbear.Ai, Inc., Castellum, Inc., and Applied Digital Corporation, with turnover rates of 69.59%, 25.22%, and 5.74% respectively. Bigbear.Ai, Inc. also had a substantial price fluctuation of 41.14%.
Xerox is a leading OEM and software company, primarily involved in the design, development, and sale of printing technology and related solutions. It generates 60% of its revenue from the U.S. and 40% internationally. The company specializes in multifunction printers (MFPs) and offers managed print services to enhance efficiency. Xerox is also exploring new markets like digital printing packaging solutions and printed electronics.
