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The price of Rackspace Technology Inc (NASDAQ: RXT) closed at $3.03 in the last session, up 5.94% from day before closing price of $2.86. In other words, the price has increased by $5.94 from its previous closing price. On the day, 4.33 million shares were traded. RXT stock price reached its highest trading level at $3.4088 during the session, while it also had its lowest trading level at $2.87.
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 4.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.73. 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:
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 Oct 01 ’24 when Maletira Amar sold 91,863 shares for $2.37 per share. The transaction valued at 217,715 led to the insider holds 5,066,536 shares of the business.
Maletira Amar sold 84,823 shares of RXT for $205,272 on Sep 30 ’24. The Chief Executive Officer now owns 5,158,399 shares after completing the transaction at $2.42 per share. On Oct 02 ’24, another insider, Maletira Amar, who serves as the Chief Executive Officer of the company, sold 82,552 shares for $2.37 each. As a result, the insider received 195,648 and left with 4,983,984 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 684879936 and an Enterprise Value of 3884728064. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.25. Its current Enterprise Value per Revenue stands at 1.402 whereas that against EBITDA is 18.731.
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 $1.22. The 50-Day Moving Average of the stock is 19.52%, while the 200-Day Moving Average is calculated to be 38.36%.
Shares Statistics:
According to the various share statistics, RXT traded on average about 629.80K shares per day over the past 3-months and 1010830 shares per day over the past 10 days. A total of 217.40M shares are outstanding, with a floating share count of 59.23M. Insiders hold about 73.79% of the company’s shares, while institutions hold 19.55% stake in the company. Shares short for RXT as of 1730332800 were 5308915 with a Short Ratio of 8.43, compared to 1727654400 on 5787708. Therefore, it implies a Short% of Shares Outstanding of 5308915 and a Short% of Float of 7.6499999999999995.
