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The price of Rackspace Technology Inc (NASDAQ: RXT) closed at $2.45 in the last session, down -0.81% from day before closing price of $2.47. In other words, the price has decreased by -$0.81 from its previous closing price. On the day, 0.52 million shares were traded. RXT stock price reached its highest trading level at $2.4853 during the session, while it also had its lowest trading level at $2.375.
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 2.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.83. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 0.90.
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 Aug 21 ’24 when Maletira Amar sold 52,206 shares for $2.35 per share. The transaction valued at 122,684 led to the insider holds 5,347,434 shares of the business.
Koushik Srini sold 7,740 shares of RXT for $18,499 on Aug 20 ’24. The Chief Technology Officer now owns 1,068,936 shares after completing the transaction at $2.39 per share. On Jul 25 ’24, another insider, SINHA DHARMENDRA KUMAR, who serves as the EVP, President, Public Cloud of the company, sold 149,249 shares for $2.36 each. As a result, the insider received 352,228 and left with 2,466,593 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 553780864 and an Enterprise Value of 3765680640. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.20. Its current Enterprise Value per Revenue stands at 1.332 whereas that against EBITDA is 16.545.
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 $1.15. The 50-Day Moving Average of the stock is 5.03%, while the 200-Day Moving Average is calculated to be 19.12%.
Shares Statistics:
According to the various share statistics, RXT traded on average about 1.07M shares per day over the past 3-months and 672440 shares per day over the past 10 days. A total of 217.40M shares are outstanding, with a floating share count of 57.56M. Insiders hold about 74.53% of the company’s shares, while institutions hold 19.49% stake in the company. Shares short for RXT as of 1726185600 were 6005739 with a Short Ratio of 5.64, compared to 1723680000 on 6608743. Therefore, it implies a Short% of Shares Outstanding of 6005739 and a Short% of Float of 8.649999999999999.
