A new trading day began on Tuesday, with Rackspace Technology Inc (NASDAQ: RXT) stock price up 2.51% from the previous day of trading, before settling in for the closing price of $2.79. RXT’s price has ranged from $1.22 to $3.18 over the past 52 weeks.
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Annual sales at Technology sector company grew by 4.01% over the past five years. Meanwhile, its annual earnings per share averaged -110.18%. With a float of $59.23 million, this company’s outstanding shares have now reached $217.40 million.
Let’s look at the performance matrix of the company that is accounted for 5800 employees. In terms of profitability, gross margin is 16.04%, operating margin of -12.88%, and the pretax margin is -30.26%.
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 73.79%, while institutional ownership is 19.56%. The most recent insider transaction that took place on Oct 01 ’24, was worth 217,715. In this transaction Chief Executive Officer of this company sold 91,863 shares at a rate of $2.37, taking the stock ownership to the 5,066,536 shares. Before that another transaction happened on Sep 30 ’24, when Company’s Chief Executive Officer sold 84,823 for $2.42, making the entire transaction worth $205,272. This insider now owns 5,158,399 shares in total.
Rackspace Technology Inc (RXT) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -110.18% 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 0.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.23. Likewise, its price to free cash flow for the trailing twelve months is 4.47.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.73, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach -0.12 in one year’s time.
Technical Analysis of Rackspace Technology Inc (RXT)
Rackspace Technology Inc (NASDAQ: RXT) saw its 5-day average volume 1.23 million, a positive change from its year-to-date volume of 1.09 million. As of the previous 9 days, the stock’s Stochastic %D was 79.57%. Additionally, its Average True Range was 0.17.
During the past 100 days, Rackspace Technology Inc’s (RXT) raw stochastic average was set at 76.18%, which indicates a significant decrease from 88.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 61.67% in the past 14 days, which was lower than the 71.69% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.52, while its 200-day Moving Average is $2.18. Nevertheless, the first resistance level for the watch stands at $2.92 in the near term. At $2.97, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.08. If the price goes on to break the first support level at $2.76, it is likely to go to the next support level at $2.65. Assuming the price breaks the second support level, the third support level stands at $2.59.
Rackspace Technology Inc (NASDAQ: RXT) Key Stats
With a market capitalization of 646.45 million, the company has a total of 226,033K Shares Outstanding. Currently, annual sales are 2,957 M while annual income is -837,800 K. The company’s previous quarter sales were 684,900 K while its latest quarter income was 25,000 K.
