After finishing at $1.64 in the prior trading day, Rackspace Technology Inc (NASDAQ: RXT) closed at $1.59, down -3.05%. In other words, the price has decreased by -$0.0500 from its previous closing price. On the day, 6437923 shares were traded.
Ratios:
Our goal is to gain a better understanding of RXT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.24. For the most recent quarter (mrq), Quick Ratio is recorded 0.92 and its Current Ratio is at 0.92.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on November 07, 2023, initiated with a Neutral rating and assigned the stock a target price of $1.40.
On September 19, 2023, Raymond James Upgraded its rating to Outperform which previously was Mkt Perform but kept the price unchanged to $3.50.
Citigroup Downgraded its Neutral to Sell on July 25, 2023, whereas the target price for the stock was revised from $1.25 to $1.50.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 20 ’24 when Maletira Amar sold 37,446 shares for $1.92 per share. The transaction valued at 71,930 led to the insider holds 4,638,423 shares of the business.
Lillie Brian sold 139,701 shares of RXT for $226,316 on Jan 25 ’24. The EVP, President Private Cloud now owns 1,608,258 shares after completing the transaction at $1.62 per share. On Jan 25 ’24, another insider, Marino Mark A., who serves as the Chief Financial Officer of the company, sold 12,316 shares for $1.62 each. As a result, the insider received 19,952 and left with 248,101 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RXT now has a Market Capitalization of 340.16M and an Enterprise Value of 3.70B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.12. Its current Enterprise Value per Revenue stands at 1.22 whereas that against EBITDA is -7.48.
Stock Price History:
Over the past 52 weeks, RXT has reached a high of $3.10, while it has fallen to a 52-week low of $1.05. The 50-Day Moving Average of the stock is 1.8263, while the 200-Day Moving Average is calculated to be 1.8738.
Shares Statistics:
The stock has traded on average 1.37M shares per day over the past 3-months and 2.9M shares per day over the last 10 days, according to various share statistics. A total of 217.40M shares are outstanding, with a floating share count of 46.61M. Insiders hold about 78.46% of the company’s shares, while institutions hold 21.00% stake in the company. Shares short for RXT as of Feb 29, 2024 were 5.45M with a Short Ratio of 3.98, compared to 5.4M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.52% and a Short% of Float of 8.83%.
Earnings Estimates
Its stock is currently analyzed by 6 different market analysts. On average, analysts expect EPS of -$0.12 for the current quarter, with a high estimate of -$0.05 and a low estimate of -$0.14, while EPS last year was -$0.02. The consensus estimate for the next quarter is -$0.09, with high estimates of -$0.04 and low estimates of -$0.13.
Analysts are recommending an EPS of between -$0.1 and -$0.49 for the fiscal current year, implying an average EPS of -$0.3. EPS for the following year is -$0.05, with 5 analysts recommending between $0.1 and -$0.34.
Revenue Estimates
5 analysts predict $684.25M in revenue for the current quarter. It ranges from a high estimate of $685.2M to a low estimate of $682.3M. As of the current estimate, Rackspace Technology Inc’s year-ago sales were $758.7M, an estimated decrease of -9.80% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $674.86M, a decrease of -9.60% over than the figure of -$9.80% in the same quarter last year. There is a high estimate of $680.02M for the next quarter, whereas the lowest estimate is $669.1M.
A total of 6 analysts have provided revenue estimates for RXT’s current fiscal year. The highest revenue estimate was $2.85B, while the lowest revenue estimate was $2.7B, resulting in an average revenue estimate of $2.78B. In the same quarter a year ago, actual revenue was $2.96B, down -6.00% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $2.84B in the next fiscal year. The high estimate is $2.95B and the low estimate is $2.67B. The average revenue growth estimate for next year is up 2.10% from the average revenue estimate for this year.
