Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
Rackspace Technology Inc (NASDAQ: RXT) closed the day trading at $2.89 down -2.03% from the previous closing price of $2.95. In other words, the price has decreased by -$2.03 from its previous closing price. On the day, 0.56 million shares were traded. RXT stock price reached its highest trading level at $2.96 during the session, while it also had its lowest trading level at $2.83.
Ratios:
For a better understanding of RXT, let’s look at its different ratios. 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:
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:
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 657674432 and an Enterprise Value of 3841264128. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.24. Its current Enterprise Value per Revenue stands at 1.386 whereas that against EBITDA is 18.895.
Stock Price History:
The Beta on a monthly basis for RXT is 2.04, which has changed by 0.6298343 over the last 52 weeks, in comparison to a change of 0.21313763 over the same period for the S&P500. 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 16.63%, while the 200-Day Moving Average is calculated to be 20.26%.
Shares Statistics:
Over the past 3-months, RXT traded about 907.76K shares per day on average, while over the past 10 days, RXT traded about 1014770 shares per day. A total of 227.60M shares are outstanding, with a floating share count of 58.83M. Insiders hold about 74.15% of the company’s shares, while institutions hold 17.15% stake in the company. Shares short for RXT as of 1738281600 were 4062032 with a Short Ratio of 4.76, compared to 1735603200 on 4859003. Therefore, it implies a Short% of Shares Outstanding of 4062032 and a Short% of Float of 5.7299999999999995.
