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Rackspace Technology Inc (NASDAQ: RXT) closed the day trading at $2.17 down -3.56% from the previous closing price of $2.25. In other words, the price has decreased by -$3.56 from its previous closing price. On the day, 0.83 million shares were traded. RXT stock price reached its highest trading level at $2.27 during the session, while it also had its lowest trading level at $2.135.
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 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 493824736 and an Enterprise Value of 3695600128. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.18. Its current Enterprise Value per Revenue stands at 1.334 whereas that against EBITDA is 18.178.
Stock Price History:
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 -14.72%, while the 200-Day Moving Average is calculated to be -4.58%.
Shares Statistics:
Over the past 3-months, RXT traded about 759.45K shares per day on average, while over the past 10 days, RXT traded about 703240 shares per day. 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 1732838400 were 4684853 with a Short Ratio of 6.17, compared to 1730332800 on 5308915. Therefore, it implies a Short% of Shares Outstanding of 4684853 and a Short% of Float of 6.6000000000000005.
