Witnessing the stock’s movement on the chart, on Thursday, Rackspace Technology Inc (NASDAQ: RXT) set off with pace as it heaved 3.29% to $1.57, before settling in for the price of $1.52 at the close. Taking a more long-term approach, RXT posted a 52-week range of $1.05-$3.10.
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The Technology Sector giants’ yearly sales growth during the last 5-year period was 4.01%. Meanwhile, its Annual Earning per share during the time was -11.03%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -152.30%. This publicly-traded company’s shares outstanding now amounts to $217.40 million, simultaneously with a float of $50.27 million. The organization now has a market capitalization sitting at $339.76 million. At the time of writing, stock’s 50-day Moving Average stood at $1.7817, while the 200-day Moving Average is $1.8408.
Rackspace Technology Inc (RXT) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Software – Infrastructure industry. Rackspace Technology Inc’s current insider ownership accounts for 76.77%, in contrast to 20.97% institutional ownership. According to the most recent insider trade that took place on Feb 20 ’24, this organization’s Chief Executive Officer sold 37,446 shares at the rate of 1.92, making the entire transaction reach 71,930 in total value, affecting insider ownership by 4,638,423. Preceding that transaction, on Jan 25 ’24, Company’s EVP, President Private Cloud sold 139,701 for 1.62, making the whole transaction’s value amount to 226,316. This particular insider is now the holder of 1,608,258 in total.
Rackspace Technology Inc (RXT) Earnings and Revenue Records
Rackspace Technology Inc’s EPS decrease for this current 12-month fiscal period is -152.30% and is forecasted to reach -0.09 in the upcoming year.
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 0.92. The Stock has managed to achieve an average true range (ATR) of 0.13. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.11. Similarly, its price to free cash flow for trailing twelve months is now 1.22.
In the same vein, RXT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -3.92, a figure that is expected to reach -0.13 in the next quarter, and analysts are predicting that it will be -0.09 at the market close of one year from today.
Technical Analysis of Rackspace Technology Inc (RXT)
Going through the that latest performance of [Rackspace Technology Inc, RXT]. Its last 5-days volume of 0.76 million was inferior to the volume of 1.35 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 9.04% While, its Average True Range was 0.1239.
Raw Stochastic average of Rackspace Technology Inc (RXT) in the period of the previous 100 days is set at 31.25%, which indicates a major rise in contrast to 23.08% 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 68.93% that was lower than 94.30% volatility it exhibited in the past 100-days period.
