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The price of Rackspace Technology Inc (NASDAQ: RXT) closed at $2.51 in the last session, down -3.46% from day before closing price of $2.60. In other words, the price has decreased by -$3.46 from its previous closing price. On the day, 1.14 million shares were traded. RXT stock price reached its highest trading level at $2.69 during the session, while it also had its lowest trading level at $2.5.
Ratios:
We take a closer look at RXT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.24. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 1.05.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 16 ’24 when TEAL-GUESS KELLIE sold 61,393 shares for $2.13 per share. The transaction valued at 130,767 led to the insider holds 909,775 shares of the business.
Maletira Amar sold 37,446 shares of RXT for $71,930 on Feb 20 ’24. The Chief Executive Officer now owns 4,638,423 shares after completing the transaction at $1.92 per share. On Jan 25 ’24, another insider, Lillie Brian, who serves as the EVP, President Private Cloud of the company, sold 139,701 shares for $1.62 each. As a result, the insider received 226,316 and left with 1,608,258 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 561866048 and an Enterprise Value of 3794464768. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.19. Its current Enterprise Value per Revenue stands at 1.313 whereas that against EBITDA is 13.848.
Stock Price History:
Over the past 52 weeks, RXT has reached a high of $3.18, while it has fallen to a 52-week low of $1.15. The 50-Day Moving Average of the stock is 10.02%, while the 200-Day Moving Average is calculated to be 37.62%.
Shares Statistics:
According to the various share statistics, RXT traded on average about 1.02M shares per day over the past 3-months and 1128770 shares per day over the past 10 days. A total of 217.40M shares are outstanding, with a floating share count of 63.45M. Insiders hold about 71.66% of the company’s shares, while institutions hold 19.87% stake in the company. Shares short for RXT as of 1719532800 were 7140244 with a Short Ratio of 7.00, compared to 1717113600 on 5557727. Therefore, it implies a Short% of Shares Outstanding of 7140244 and a Short% of Float of 10.620000000000001.
