Rackspace Technology Inc (NASDAQ: RXT) kicked off on Tuesday, down -4.59% from the previous trading day, before settling in for the closing price of $1.41. Over the past 52 weeks, RXT has traded in a range of $1.34-$3.41.
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A company in the Technology sector has jumped its sales by 2.64% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 54.64%. With a float of $65.47 million, this company’s outstanding shares have now reached $229.10 million.
In an organization with 5100 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 18.08%, operating margin of -11.54%, and the pretax margin is -32.21%.
Rackspace Technology Inc (RXT) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Software – Infrastructure Industry. The insider ownership of Rackspace Technology Inc is 72.41%, while institutional ownership is 16.55%. The most recent insider transaction that took place on Mar 17 ’25, was worth 975,841. In this transaction Chief Executive Officer of this company sold 521,840 shares at a rate of $1.87, taking the stock ownership to the 4,368,328 shares. Before that another transaction happened on Mar 17 ’25, when Company’s Chief Financial Officer sold 20,217 for $1.87, making the entire transaction worth $37,806. This insider now owns 1,917,446 shares in total.
Rackspace Technology Inc (RXT) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 54.64% per share during the next fiscal year.
Rackspace Technology Inc (NASDAQ: RXT) Trading Performance Indicators
Take a look at Rackspace Technology Inc’s (RXT) current performance indicators. Last quarter, stock had a quick ratio of 0.81. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.89, a number that is poised to hit -0.08 in the next quarter and is forecasted to reach -0.04 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 0.89 million. That was inferior than the volume of 0.93 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 11.37%. Additionally, its Average True Range was 0.15.
During the past 100 days, Rackspace Technology Inc’s (RXT) raw stochastic average was set at 1.20%, which indicates a significant decrease from 4.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.97% in the past 14 days, which was lower than the 70.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.2740, while its 200-day Moving Average is $2.4218. However, in the short run, Rackspace Technology Inc’s stock first resistance to watch stands at $1.4668. Second resistance stands at $1.5836. The third major resistance level sits at $1.6545. If the price goes on to break the first support level at $1.2791, it is likely to go to the next support level at $1.2082. The third support level lies at $1.0914 if the price breaches the second support level.
Rackspace Technology Inc (NASDAQ: RXT) Key Stats
The company with the Market Capitalisation of 320.36 million has total of 237,307K Shares Outstanding. Its annual sales at the moment are 2,737 M in contrast with the sum of -858,200 K annual income. Company’s last quarter sales were recorded 685,600 K and last quarter income was -56,000 K.
