A new trading day began on Monday, with Rackspace Technology Inc (NASDAQ: RXT) stock price up 3.11% from the previous day of trading, before settling in for the closing price of $2.25. RXT’s price has ranged from $1.45 to $3.41 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 5.17% over the last five years. Meanwhile, its annual earnings per share averaged -83.47%. With a float of $61.02 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) Breakdown of a Key Holders of the stock
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 73.19%, while institutional ownership is 17.15%. 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) Recent Fiscal highlights
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 -0.11 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 0.78 million was better than the volume posted last year of 0.66 million. As of the previous 9 days, the stock’s Stochastic %D was 60.26%. Additionally, its Average True Range was 0.14.
During the past 100 days, Rackspace Technology Inc’s (RXT) raw stochastic average was set at 18.06%, which indicates a significant decrease from 53.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.44% in the past 14 days, which was lower than the 66.10% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.48, while its 200-day Moving Average is $2.29. Now, the first resistance to watch is $2.37. This is followed by the second major resistance level at $2.42. The third major resistance level sits at $2.48. If the price goes on to break the first support level at $2.27, it is likely to go to the next support level at $2.21. Now, if the price goes above the second support level, the third support stands at $2.16.
Rackspace Technology Inc (NASDAQ: RXT) Key Stats
With a market capitalization of 542.42 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.
