For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
After finishing at $2.63 in the prior trading day, Rackspace Technology Inc (NASDAQ: RXT) closed at $2.58, down -1.90%. In other words, the price has decreased by -$1.90 from its previous closing price. On the day, 1.03 million 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 4.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 50.61. For the most recent quarter (mrq), Quick Ratio is recorded 0.84 and its Current Ratio is at 0.81.
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 Jan 27 ’25 when Marino Mark A. sold 14,458 shares for $2.34 per share. The transaction valued at 33,832 led to the insider holds 1,915,356 shares of the business.
Roberts Anthony C. bought 19,455 shares of RXT for $50,583 on Dec 06 ’24. The Director now owns 161,930 shares after completing the transaction at $2.60 per share. On Dec 03 ’24, another insider, Koushik Srini, who serves as the President, Technology of the company, sold 8,028 shares for $2.54 each. As a result, the insider received 20,391 and left with 1,018,251 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.21.
Stock Price History:
Over the past 52 weeks, RXT has reached a high of $3.41, while it has fallen to a 52-week low of $1.45. The 50-Day Moving Average of the stock is 2.24%, while the 200-Day Moving Average is calculated to be 5.23%.
Shares Statistics:
A total of 229.10M shares are outstanding, with a floating share count of 61.95M. Insiders hold about 72.78% of the company’s shares, while institutions hold 17.27% stake in the company.
