A new trading day began on Tuesday, with Rackspace Technology Inc (NASDAQ: RXT) stock price down -6.42% from the previous day of trading, before settling in for the closing price of $2.65. RXT’s price has ranged from $1.34 to $3.41 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Technology sector company grew by 4.01% over the past five years. Meanwhile, its annual earnings per share averaged -83.47%. With a float of $59.64 million, this company’s outstanding shares have now reached $227.60 million.
Let’s look at the performance matrix of the company that is accounted 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 and Institutional Ownership
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 17.16%. The most recent insider transaction that took place on Nov 29 ’24, was worth 51,985. In this transaction Chief Technology Officer of this company sold 19,470 shares at a rate of $2.67, taking the stock ownership to the 1,026,279 shares. Before that another transaction happened on Nov 29 ’24, when Company’s EVP, President, Public Cloud sold 88,548 for $2.67, making the entire transaction worth $236,423. This insider now owns 2,334,166 shares in total.
Rackspace Technology Inc (RXT) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.03 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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
Here are Rackspace Technology Inc’s current performance indicators. According to the last quarter’s results, the 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 0.20.
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)
Rackspace Technology Inc (NASDAQ: RXT) saw its 5-day average volume 0.75 million, a negative change from its year-to-date volume of 1.09 million. As of the previous 9 days, the stock’s Stochastic %D was 67.85%. Additionally, its Average True Range was 0.19.
During the past 100 days, Rackspace Technology Inc’s (RXT) raw stochastic average was set at 40.80%, which indicates a significant increase from 21.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 88.02% in the past 14 days, which was higher than the 72.47% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.57, while its 200-day Moving Average is $2.24. Nevertheless, the first resistance level for the watch stands at $2.60 in the near term. At $2.71, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.79. If the price goes on to break the first support level at $2.40, it is likely to go to the next support level at $2.32. The third support level lies at $2.20 if the price breaches the second support level.
Rackspace Technology Inc (NASDAQ: RXT) Key Stats
With a market capitalization of 564.37 million, the company has a total of 227,569K Shares Outstanding. Currently, annual sales are 2,957 M while annual income is -837,800 K. The company’s previous quarter sales were 675,800 K while its latest quarter income was -186,600 K.
