Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The price of Rackspace Technology Inc (NASDAQ: RXT) closed at $2.37 in the last session, down -11.24% from day before closing price of $2.67. In other words, the price has decreased by -$11.24 from its previous closing price. On the day, 1.13 million shares were traded. RXT stock price reached its highest trading level at $2.57 during the session, while it also had its lowest trading level at $2.335.
Ratios:
We take a closer look at RXT’s different ratios to gain a better understanding of the stock. 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 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 539338496 and an Enterprise Value of 3791192064. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.19. Its current Enterprise Value per Revenue stands at 1.368 whereas that against EBITDA is 18.648.
Stock Price History:
The Beta on a monthly basis for RXT is 2.06, which has changed by 0.5257143 over the last 52 weeks, in comparison to a change of 0.23883796 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 -3.21%, while the 200-Day Moving Average is calculated to be 1.14%.
Shares Statistics:
According to the various share statistics, RXT traded on average about 859.83K shares per day over the past 3-months and 811660 shares per day over the past 10 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 17.16% stake in the company. Shares short for RXT as of 1735603200 were 4859003 with a Short Ratio of 5.65, compared to 1732838400 on 4684853. Therefore, it implies a Short% of Shares Outstanding of 4859003 and a Short% of Float of 6.8500000000000005.
