A look at Rackspace Technology Inc’s (RXT) recent performance gives investors their first glimpse of hope.

On Monday, Rackspace Technology Inc (NASDAQ: RXT) opened lower -4.63% from the last session, before settling in for the closing price of $2.59. Price fluctuations for RXT have ranged from $1.38 to $3.41 over the past 52 weeks.

Technology Sector giant saw their annual sales surged by 4.01% over the last five years. Company’s average yearly earnings per share was noted -83.47% at the time writing. With a float of $59.86 million, this company’s outstanding shares have now reached $227.60 million.

The firm has a total of 5800 workers. Let’s measure their productivity. 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

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 73.70%, while institutional ownership is 17.16%. The most recent insider transaction that took place on Dec 06 ’24, was worth 50,583. In this transaction Director of this company bought 19,455 shares at a rate of $2.60, taking the stock ownership to the 161,930 shares. Before that another transaction happened on Dec 03 ’24, when Company’s President, Technology sold 8,028 for $2.54, making the entire transaction worth $20,391. This insider now owns 1,018,251 shares in total.

Rackspace Technology Inc (RXT) Earnings and Forecasts

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 0.20.

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 -0.11 in one year’s time.

Technical Analysis of Rackspace Technology Inc (RXT)

Analysing the last 5-days average volume posted by the [Rackspace Technology Inc, RXT], we can find that recorded value of 0.92 million was lower than the volume posted last year of 1.09 million. As of the previous 9 days, the stock’s Stochastic %D was 36.07%. Additionally, its Average True Range was 0.18.

During the past 100 days, Rackspace Technology Inc’s (RXT) raw stochastic average was set at 40.16%, which indicates a significant decrease from 44.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 60.43% in the past 14 days, which was lower than the 72.70% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.58, while its 200-day Moving Average is $2.25. Now, the first resistance to watch is $2.59. This is followed by the second major resistance level at $2.71. The third major resistance level sits at $2.77. 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 $2.35. Should the price break the second support level, the third support level stands at $2.23.

Rackspace Technology Inc (NASDAQ: RXT) Key Stats

There are currently 227,569K shares outstanding in the company with a market cap of 562.10 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.