In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Rackspace Technology Inc (NASDAQ: RXT) closed the day trading at $1.03 down -9.65% from the previous closing price of $1.14. In other words, the price has decreased by -$9.65 from its previous closing price. On the day, 3.09 million shares were traded.
Ratios:
For a better understanding of RXT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.75. For the most recent quarter (mrq), Quick Ratio is recorded 0.79 and its Current Ratio is at 0.79.
On November 07, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $1.40.
Raymond James Upgraded its Mkt Perform to Outperform on September 19, 2023, while the target price for the stock was maintained at $3.50.
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 Mar 17 ’25 when Maletira Amar sold 521,840 shares for $1.87 per share. The transaction valued at 975,841 led to the insider holds 4,368,328 shares of the business.
Marino Mark A. sold 20,217 shares of RXT for $37,806 on Mar 17 ’25. The Chief Financial Officer now owns 1,917,446 shares after completing the transaction at $1.87 per share. On Mar 17 ’25, another insider, SINHA DHARMENDRA KUMAR, who serves as the EVP, President, Public Cloud of the company, sold 176,374 shares for $1.87 each. As a result, the insider received 329,819 and left with 2,117,455 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.09.
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 $1.06. The 50-Day Moving Average of the stock is -25.69%, while the 200-Day Moving Average is calculated to be -53.12%.
Shares Statistics:
A total of 237.30M shares are outstanding, with a floating share count of 65.60M. Insiders hold about 72.37% of the company’s shares, while institutions hold 17.06% stake in the company.
