A new trading day began on Friday, with Rackspace Technology Inc (NASDAQ: RXT) stock price up 10.50% from the previous day of trading, before settling in for the closing price of $2.38. RXT’s price has ranged from $1.45 to $3.41 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 5.17%. Meanwhile, its annual earnings per share averaged -83.47%. With a float of $59.22 million, this company’s outstanding shares have now reached $227.60 million.
Let’s determine the extent of company efficiency that accounts 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 Activity
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 17.07%. The most recent insider transaction that took place on Jan 27 ’25, was worth 33,832. In this transaction Chief Financial Officer of this company sold 14,458 shares at a rate of $2.34, taking the stock ownership to the 1,915,356 shares. Before that another transaction happened on Dec 06 ’24, when Company’s Director bought 19,455 for $2.60, making the entire transaction worth $50,583. This insider now owns 161,930 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
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 0.22.
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)
Looking closely at Rackspace Technology Inc (NASDAQ: RXT), its last 5-days average volume was 1.15 million, which is a jump from its year-to-date volume of 0.86 million. As of the previous 9 days, the stock’s Stochastic %D was 40.96%. Additionally, its Average True Range was 0.18.
During the past 100 days, Rackspace Technology Inc’s (RXT) raw stochastic average was set at 40.04%, which indicates a significant decrease from 75.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 88.09% in the past 14 days, which was higher than the 67.73% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.42, while its 200-day Moving Average is $2.36. However, in the short run, Rackspace Technology Inc’s stock first resistance to watch stands at $2.73. Second resistance stands at $2.83. The third major resistance level sits at $3.02. If the price goes on to break the first support level at $2.44, it is likely to go to the next support level at $2.25. Should the price break the second support level, the third support level stands at $2.15.
Rackspace Technology Inc (NASDAQ: RXT) Key Stats
With a market capitalization of 598.51 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.
