A new trading day began on Monday, with Rackspace Technology Inc (NASDAQ: RXT) stock price up 3.12% from the previous day of trading, before settling in for the closing price of $1.60. RXT’s price has ranged from $1.05 to $3.10 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 4.01%. Meanwhile, its annual earnings per share averaged -152.30%. With a float of $50.27 million, this company’s outstanding shares have now reached $217.40 million.
The extent of productivity of a business whose workforce counts for 5800 workers is very important to gauge.
Rackspace Technology Inc (RXT) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Infrastructure Industry. The insider ownership of Rackspace Technology Inc is 76.77%, while institutional ownership is 20.97%. The most recent insider transaction that took place on Feb 20 ’24, was worth 71,930. In this transaction Chief Executive Officer of this company sold 37,446 shares at a rate of $1.92, taking the stock ownership to the 4,638,423 shares. Before that another transaction happened on Jan 25 ’24, when Company’s EVP, President Private Cloud sold 139,701 for $1.62, making the entire transaction worth $226,316. This insider now owns 1,608,258 shares in total.
Rackspace Technology Inc (RXT) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -152.30% per share during the next fiscal year.
Rackspace Technology Inc (NASDAQ: RXT) Trading Performance Indicators
Here are Rackspace Technology Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.92. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.12. Likewise, its price to free cash flow for the trailing twelve months is 1.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.92, a number that is poised to hit -0.13 in the next quarter and is forecasted to reach -0.09 in one year’s time.
Technical Analysis of Rackspace Technology Inc (RXT)
The latest stats from [Rackspace Technology Inc, RXT] show that its last 5-days average volume of 1.1 million was inferior to 1.36 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 37.01%. Additionally, its Average True Range was 0.13.
During the past 100 days, Rackspace Technology Inc’s (RXT) raw stochastic average was set at 38.40%, which indicates a significant increase from 30.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 64.46% in the past 14 days, which was lower than the 94.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.7833, while its 200-day Moving Average is $1.8340. Now, the first resistance to watch is $1.6733. This is followed by the second major resistance level at $1.6967. The third major resistance level sits at $1.7433. If the price goes on to break the first support level at $1.6033, it is likely to go to the next support level at $1.5567. Assuming the price breaks the second support level, the third support level stands at $1.5333.
Rackspace Technology Inc (NASDAQ: RXT) Key Stats
With a market capitalization of 357.08 million, the company has a total of 219,755K Shares Outstanding. Currently, annual sales are 2,957 M while annual income is -837,800 K. The company’s previous quarter sales were 719,700 K while its latest quarter income was 28,000 K.
