Rackspace Technology Inc (NASDAQ: RXT) started the day on Thursday, with a price increase of 9.54% at $2.87, before settling in for the price of $2.62 at the close. Taking a more long-term approach, RXT posted a 52-week range of $1.22-$3.18.
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The company of the Technology sector’s yearbook sales growth during the past 5- year span was recorded 4.01%. Meanwhile, its Annual Earning per share during the time was -11.03%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -110.18%. This publicly-traded company’s shares outstanding now amounts to $217.40 million, simultaneously with a float of $59.23 million. The organization now has a market capitalization sitting at $648.72 million. At the time of writing, stock’s 50-day Moving Average stood at $2.49, while the 200-day Moving Average is $2.17.
Rackspace Technology Inc (RXT) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Software – Infrastructure Industry. Rackspace Technology Inc’s current insider ownership accounts for 73.79%, in contrast to 19.59% institutional ownership. According to the most recent insider trade that took place on Oct 01 ’24, this organization’s Chief Executive Officer sold 91,863 shares at the rate of 2.37, making the entire transaction reach 217,715 in total value, affecting insider ownership by 5,066,536. Preceding that transaction, on Sep 30 ’24, Company’s Chief Executive Officer sold 84,823 for 2.42, making the whole transaction’s value amount to 205,272. This particular insider is now the holder of 5,158,399 in total.
Rackspace Technology Inc (RXT) Earnings and Revenue Records
Rackspace Technology Inc’s EPS decrease for this current 12-month fiscal period is -110.18% and is forecasted to reach -0.12 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 0.90. The Stock has managed to achieve an average true range (ATR) of 0.16. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.23. Similarly, its price to free cash flow for trailing twelve months is now 4.48.
In the same vein, RXT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -3.73, a figure that is expected to reach -0.07 in the next quarter, and analysts are predicting that it will be -0.12 at the market close of one year from today.
Technical Analysis of Rackspace Technology Inc (RXT)
If we take a close look at the recent performances of Rackspace Technology Inc (NASDAQ: RXT), its last 5-days Average volume was 0.87 million that shows plunge from its year to date volume of 1.09 million. During the previous 9 days, stock’s Stochastic %D was recorded 77.67% While, its Average True Range was 0.17.
Raw Stochastic average of Rackspace Technology Inc (RXT) in the period of the previous 100 days is set at 76.93%, which indicates a major fall in contrast to 94.92% 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 60.60% that was lower than 71.90% volatility it exhibited in the past 100-days period.
