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.
The price of Rackspace Technology Inc (NASDAQ: RXT) closed at $1.96 in the last session, up 5.38% from day before closing price of $1.86. In other words, the price has increased by $5.38 from its previous closing price. On the day, 2.59 million shares were traded. RXT stock price reached its highest trading level at $1.97 during the session, while it also had its lowest trading level at $1.84.
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 2.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.58. For the most recent quarter (mrq), Quick Ratio is recorded 0.92 and its Current Ratio is at 0.92.
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 Feb 20 ’24 when Maletira Amar sold 37,446 shares for $1.92 per share. The transaction valued at 71,930 led to the insider holds 4,638,423 shares of the business.
Lillie Brian sold 139,701 shares of RXT for $226,316 on Jan 25 ’24. The EVP, President Private Cloud now owns 1,608,258 shares after completing the transaction at $1.62 per share. On Jan 25 ’24, another insider, Marino Mark A., who serves as the Chief Financial Officer of the company, sold 12,316 shares for $1.62 each. As a result, the insider received 19,952 and left with 248,101 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 438308960 and an Enterprise Value of 3635945216. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.15. Its current Enterprise Value per Revenue stands at 1.23 whereas that against EBITDA is 11.557.
Stock Price History:
The Beta on a monthly basis for RXT is 1.85, which has changed by 0.67567563 over the last 52 weeks, in comparison to a change of 0.25590587 over the same period for the S&P500. Over the past 52 weeks, RXT has reached a high of $3.10, while it has fallen to a 52-week low of $1.05. The 50-Day Moving Average of the stock is 12.55%, while the 200-Day Moving Average is calculated to be 9.91%.
Shares Statistics:
According to the various share statistics, RXT traded on average about 1.33M shares per day over the past 3-months and 543470 shares per day over the past 10 days. A total of 217.40M shares are outstanding, with a floating share count of 51.95M. Insiders hold about 76.77% of the company’s shares, while institutions hold 20.43% stake in the company. Shares short for RXT as of 1713139200 were 6212745 with a Short Ratio of 4.67, compared to 1710460800 on 6536649. Therefore, it implies a Short% of Shares Outstanding of 6212745 and a Short% of Float of 9.54.
Earnings Estimates
Currently, 6.0 analysts are dedicated to thoroughly evaluating and rating the performance of Rackspace Technology Inc (RXT) in the stock market.On average, analysts expect EPS of -$0.13 for the current quarter, with a high estimate of -$0.13 and a low estimate of -$0.14, while EPS last year was -$0.02. The consensus estimate for the next quarter is -$0.11, with high estimates of -$0.1 and low estimates of -$0.13.
Analysts are recommending an EPS of between -$0.35 and -$0.49 for the fiscal current year, implying an average EPS of -$0.39. EPS for the following year is -$0.1, with 5.0 analysts recommending between $0.05 and -$0.34.
Revenue Estimates
According to 5 analysts, the current quarter’s revenue is expected to be $684.25M. It ranges from a high estimate of $685.2M to a low estimate of $682.3M. As of the current estimate, Rackspace Technology Inc’s year-ago sales were $758.7MFor the next quarter, 5 analysts are estimating revenue of $675.76M. There is a high estimate of $684.52M for the next quarter, whereas the lowest estimate is $669.1M.
A total of 6 analysts have provided revenue estimates for RXT’s current fiscal year. The highest revenue estimate was $2.83B, while the lowest revenue estimate was $2.7B, resulting in an average revenue estimate of $2.75B. In the same quarter a year ago, actual revenue was $2.96BBased on 5 analysts’ estimates, the company’s revenue will be $2.79B in the next fiscal year. The high estimate is $2.84B and the low estimate is $2.67B.
