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The closing price of Rackspace Technology Inc (NASDAQ: RXT) was $2.22 for the day, up 0.45% from the previous closing price of $2.21. In other words, the price has increased by $0.45 from its previous closing price. On the day, 1.19 million shares were traded. RXT stock price reached its highest trading level at $2.24 during the session, while it also had its lowest trading level at $2.11.
Ratios:
Our analysis of RXT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.84 and its Current Ratio is at 0.84.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 06 ’24 when Roberts Anthony C. bought 19,455 shares for $2.60 per share. The transaction valued at 50,583 led to the insider holds 161,930 shares of the business.
Koushik Srini sold 8,028 shares of RXT for $20,391 on Dec 03 ’24. The President, Technology now owns 1,018,251 shares after completing the transaction at $2.54 per share. On Dec 03 ’24, another insider, SINHA DHARMENDRA KUMAR, who serves as the EVP, President, Public Cloud of the company, sold 23,357 shares for $2.54 each. As a result, the insider received 59,327 and left with 2,311,309 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 505203168 and an Enterprise Value of 3688772096. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.18. Its current Enterprise Value per Revenue stands at 1.331 whereas that against EBITDA is 18.144.
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 -11.44%, while the 200-Day Moving Average is calculated to be -2.63%.
Shares Statistics:
RXT traded an average of 757.08K shares per day over the past three months and 631850 shares per day over the past ten days. A total of 227.60M shares are outstanding, with a floating share count of 61.02M. Insiders hold about 73.19% of the company’s shares, while institutions hold 17.15% stake in the company. Shares short for RXT as of 1734048000 were 4632946 with a Short Ratio of 6.12, compared to 1731628800 on 4506657. Therefore, it implies a Short% of Shares Outstanding of 4632946 and a Short% of Float of 6.529999999999999.
