Top 5 Hot Penny Stocks to Buy Now

Page 5 of 5

1. Xerox Holdings Corporation (NASDAQ:XRX)

Xerox Holdings Corporation (NASDAQ:XRX) is one of the top 10 hot penny stocks to buy now. Xerox Holdings Corporation (NASDAQ:XRX) announced its fiscal Q1 2026 results on April 29, reporting a revenue of $1.85 billion, up 26.7%, or 23.6% in constant currency. On a pro forma basis, revenue is down 3.7%, with GAAP net loss of $105 million, or $0.84 per share, down $15 million, or $0.09 per share, year-over-year, respectively.

Management further reported a normalized adjusted net loss of $10 million, or $0.11 per share, down $3 million, or $0.02 per share, year-over-year, respectively. Adjusted net loss was $51 million, or $0.43 per share, down $47 million, or $0.37 per share, year-over-year, respectively. In addition, free cash flow was $165 million, down $56 million year-over-year, while full-year free cash flow guidance of approximately $250 million remained unchanged, implying greater than $400 million of cash generation over the remaining three quarters.

Xerox Holdings Corporation (NASDAQ:XRX) is a workplace technology company that builds and integrates software and hardware for enterprises. Its operations are divided into the following segments: Print and Other, and Financing (FITTLE) segments.

While we acknowledge the potential of XRX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than XRX and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 5 of 5