As on September 30, 2021, Rackspace Technology Inc. (NASDAQ: RXT) got off with the flyer as it spiked 0.49% to $14.22. During the day, the stock rose to $14.35 and sunk to $13.90 before settling in for the price of $14.15 at the close. Taking a more long-term approach, RXT posted a 52-week range of $13.07-$26.43.
In the past 5-years timespan, the Technology sector firm’s annual sales growth was 6.20%. Meanwhile, its Annual Earning per share during the time was -33.40%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -166.30%. This publicly-traded company’s shares outstanding now amounts to $207.90 million, simultaneously with a float of $205.61 million. The organization now has a market capitalization sitting at $3.02 billion. At the time of writing, stock’s 50-day Moving Average stood at $15.13, while the 200-day Moving Average is $19.88.
Rackspace Technology Inc. (RXT) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Software – Infrastructure industry. Rackspace Technology Inc.’s current insider ownership accounts for 2.50%, in contrast to 99.30% institutional ownership. According to the most recent insider trade that took place on Jul 16, this organization’s Director sold 11,992 shares at the rate of 19.17, making the entire transaction reach 229,883 in total value, affecting insider ownership by 26,228. Preceding that transaction, on Jun 16, Company’s EVP, Chief Legal & People Off sold 10,000 for 20.19, making the whole transaction’s value amount to 201,926. This particular insider is now the holder of 165,666 in total.
Rackspace Technology Inc. (RXT) Earnings and Revenue Records
If we go through the results of last quarter, which was made public on 6/29/2021, the company posted $0.24 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.22) by $0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.24 per share during the current fiscal year.
Rackspace Technology Inc.’s EPS decrease for this current 12-month fiscal period is -166.30% and is forecasted to reach 1.33 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 17.01% through the next 5 years, which can be compared against the -33.40% growth it accomplished over the previous five years trading on the market.
Rackspace Technology Inc. (NASDAQ: RXT) Trading Performance Indicators
Let’s observe the current performance indicators for Rackspace Technology Inc. (RXT). It’s Quick Ratio in the last reported quarter now stands at 1.10. The Stock has managed to achieve an average true range (ATR) of 0.50. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.05. Similarly, its price to free cash flow for trailing twelve months is now 27.25.
In the same vein, RXT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -1.35, a figure that is expected to reach 0.24 in the next quarter, and analysts are predicting that it will be 1.33 at the market close of one year from today.
Technical Analysis of Rackspace Technology Inc. (RXT)
Through scrutinizing the latest numbers posted by the [Rackspace Technology Inc., RXT], it can be observed that its last 5-days Average volume of 1.17 million was lower the volume of 1.66 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 24.66% While, its Average True Range was 0.51.
Raw Stochastic average of Rackspace Technology Inc. (RXT) in the period of the previous 100 days is set at 13.63%, which indicates a major fall in contrast to 23.28% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 35.07% that was lower than 39.07% volatility it exhibited in the past 100-days period.