On Friday, Rackspace Technology Inc (NASDAQ: RXT) opened higher 8.40% from the last session, before settling in for the closing price of $2.38. Price fluctuations for RXT have ranged from $1.22 to $3.41 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%. Company’s average yearly earnings per share was noted -83.47% at the time writing. With a float of $59.64 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. 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 Updates
A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. 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) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted -0.03 earnings per share (EPS) for the quarter, besting the agreed prediction (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
Check out the current performance indicators for Rackspace Technology Inc (RXT). In the past quarter, the stock posted a quick ratio of 0.84. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.23.
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)
The latest stats from [Rackspace Technology Inc, RXT] show that its last 5-days average volume of 0.67 million was inferior to 1.1 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 17.38%. Additionally, its Average True Range was 0.21.
During the past 100 days, Rackspace Technology Inc’s (RXT) raw stochastic average was set at 47.17%, which indicates a significant increase from 30.28% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 97.80% in the past 14 days, which was higher than the 74.34% 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 $2.22. Now, the first resistance to watch is $2.67. This is followed by the second major resistance level at $2.77. The third major resistance level sits at $2.93. If the price goes on to break the first support level at $2.41, it is likely to go to the next support level at $2.25. Assuming the price breaks the second support level, the third support level stands at $2.15.
Rackspace Technology Inc (NASDAQ: RXT) Key Stats
There are currently 227,569K shares outstanding in the company with a market cap of 636.47 million. Presently, the company’s annual sales total 2,957 M according to its annual income of -837,800 K. Last quarter, the company’s sales amounted to 675,800 K and its income totaled -186,600 K.
