A new trading day began on Friday, with Rackspace Technology Inc (NASDAQ: RXT) stock price up 8.63% from the previous day of trading, before settling in for the closing price of $1.39. RXT’s price has ranged from $1.00 to $3.41 over the past 52 weeks.
A company in the Technology sector has dropped its sales by -50.09% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 21.72%. With a float of $72.48 million, this company’s outstanding shares have now reached $239.00 million.
Rackspace Technology Inc (RXT) Insider and Institutional Ownership
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 69.72%, while institutional ownership is 15.97%. The most recent insider transaction that took place on Sep 15 ’25, was worth 2,403,836. In this transaction Former Chief Executive Officer of this company sold 1,780,619 shares at a rate of $1.35, taking the stock ownership to the 4,608,619 shares. Before that another transaction happened on Sep 15 ’25, when Company’s Director proposed sale 2,000,000 for $1.45, making the entire transaction worth $2,900,000.
Rackspace Technology Inc (RXT) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.04 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 21.72% 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 0.77. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.13. Likewise, its price to free cash flow for the trailing twelve months is 6.74.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.63, a number that is poised to hit -0.05 in the next quarter and is forecasted to reach -0.03 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 1.1 million. That was better than the volume of 0.97 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 39.79%.
During the past 100 days, Rackspace Technology Inc’s (RXT) raw stochastic average was set at 85.01%, which indicates a significant increase from 73.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.0836 in the past 14 days, which was lower than the 0.0923 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.3183, while its 200-day Moving Average is $1.6928. However, in the short run, Rackspace Technology Inc’s stock first resistance to watch stands at $1.5967. Second resistance stands at $1.6833. The third major resistance level sits at $1.7867. If the price goes on to break the first support level at $1.4067, it is likely to go to the next support level at $1.3033. The third support level lies at $1.2167 if the price breaches the second support level.
Rackspace Technology Inc (NASDAQ: RXT) Key Stats
With a market capitalization of 361.43 million, the company has a total of 239,361K Shares Outstanding. Currently, annual sales are 2,737 M while annual income is -858,200 K. The company’s previous quarter sales were 666,300 K while its latest quarter income was -54,500 K.
