Rackspace Technology Inc (NASDAQ: RXT) kicked off on Friday, down -9.02% from the previous trading day, before settling in for the closing price of $2.66. Over the past 52 weeks, RXT has traded in a range of $1.22-$3.41.
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During the last 5-year period, the sales growth of Technology Sector giant was 4.01%. While this was happening, its average annual earnings per share was recorded -83.47%. With a float of $59.64 million, this company’s outstanding shares have now reached $217.40 million.
Let’s determine the extent of company efficiency that accounts for 5800 employees. In terms of profitability, gross margin is 17.24%, operating margin of -10.77%, and the pretax margin is -28.41%.
Rackspace Technology Inc (RXT) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Software – Infrastructure Industry. The insider ownership of Rackspace Technology Inc is 73.79%, while institutional ownership is 17.15%. 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) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported -0.03 earnings per share (EPS), higher than consensus estimate (set at -0.04) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -83.47% per share during the next fiscal year.
Rackspace Technology Inc (NASDAQ: RXT) Trading Performance Indicators
Take a look at Rackspace Technology Inc’s (RXT) current performance indicators. Last quarter, stock had a quick ratio of 0.84. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.50, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach -0.10 in one year’s time.
Technical Analysis of Rackspace Technology Inc (RXT)
Looking closely at Rackspace Technology Inc (NASDAQ: RXT), its last 5-days average volume was 2.13 million, which is a jump from its year-to-date volume of 1.11 million. As of the previous 9 days, the stock’s Stochastic %D was 36.07%. Additionally, its Average True Range was 0.23.
During the past 100 days, Rackspace Technology Inc’s (RXT) raw stochastic average was set at 36.97%, which indicates a significant increase from 10.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 95.47% in the past 14 days, which was higher than the 73.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.55, while its 200-day Moving Average is $2.20. However, in the short run, Rackspace Technology Inc’s stock first resistance to watch stands at $2.65. Second resistance stands at $2.87. The third major resistance level sits at $3.05. If the price goes on to break the first support level at $2.25, it is likely to go to the next support level at $2.07. Should the price break the second support level, the third support level stands at $1.85.
Rackspace Technology Inc (NASDAQ: RXT) Key Stats
The company with the Market Capitalisation of 501.03 million has total of 227,569K Shares Outstanding. Its annual sales at the moment are 2,957 M in contrast with the sum of -837,800 K annual income. Company’s last quarter sales were recorded 684,900 K and last quarter income was 25,000 K.
