On Monday, Rackspace Technology Inc (NASDAQ: RXT) opened lower -10.42% from the last session, before settling in for the closing price of $2.59. Price fluctuations for RXT have ranged from $1.45 to $3.41 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 5.17% annually for the last half of the decade. Company’s average yearly earnings per share was noted -83.47% at the time writing. With a float of $61.02 million, this company’s outstanding shares have now reached $227.60 million.
In an organization with 5800 employees, it is important to assess its efficiency. 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 73.19%, 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) Performance Highlights and Predictions
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 0.19.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 0.99 million. That was better than the volume of 0.89 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 64.97%. Additionally, its Average True Range was 0.17.
During the past 100 days, Rackspace Technology Inc’s (RXT) raw stochastic average was set at 18.06%, which indicates a significant decrease from 38.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.19% in the past 14 days, which was higher than the 66.17% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.47, while its 200-day Moving Average is $2.31. However, in the short run, Rackspace Technology Inc’s stock first resistance to watch stands at $2.47. Second resistance stands at $2.63. The third major resistance level sits at $2.73. If the price goes on to break the first support level at $2.21, it is likely to go to the next support level at $2.11. Assuming the price breaks the second support level, the third support level stands at $1.95.
Rackspace Technology Inc (NASDAQ: RXT) Key Stats
There are currently 227,569K shares outstanding in the company with a market cap of 527.96 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.
