Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Rackspace Technology Inc (NASDAQ: RXT) closed the day trading at $2.79 down -5.42% from the previous closing price of $2.95. In other words, the price has decreased by -$5.42 from its previous closing price. On the day, 1.19 million shares were traded. RXT stock price reached its highest trading level at $2.955 during the session, while it also had its lowest trading level at $2.75.
Ratios:
For a better understanding of RXT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.60. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 1.05.
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 May 16 ’24 when TEAL-GUESS KELLIE sold 61,393 shares for $2.13 per share. The transaction valued at 130,767 led to the insider holds 909,775 shares of the business.
Maletira Amar sold 37,446 shares of RXT for $71,930 on Feb 20 ’24. The Chief Executive Officer now owns 4,638,423 shares after completing the transaction at $1.92 per share. On Jan 25 ’24, another insider, Lillie Brian, who serves as the EVP, President Private Cloud of the company, sold 139,701 shares for $1.62 each. As a result, the insider received 226,316 and left with 1,608,258 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 624544320 and an Enterprise Value of 3857143040. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.22. Its current Enterprise Value per Revenue stands at 1.335 whereas that against EBITDA is 14.077.
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 28.58%, while the 200-Day Moving Average is calculated to be 54.74%.
Shares Statistics:
Over the past 3-months, RXT traded about 998.93K shares per day on average, while over the past 10 days, RXT traded about 1297270 shares per day. A total of 217.40M shares are outstanding, with a floating share count of 63.45M. Insiders hold about 71.66% of the company’s shares, while institutions hold 19.88% stake in the company. Shares short for RXT as of 1718323200 were 5865488 with a Short Ratio of 5.87, compared to 1715731200 on 6021454. Therefore, it implies a Short% of Shares Outstanding of 5865488 and a Short% of Float of 8.72.
Earnings Estimates
The current rating of Rackspace Technology Inc (RXT) is the result of assessments by 5.0 analysts actively engaged in evaluating its market dynamics.On average, analysts expect EPS of -$0.11 for the current quarter, with a high estimate of -$0.1 and a low estimate of -$0.11, while EPS last year was -$0.06. The consensus estimate for the next quarter is -$0.07, with high estimates of -$0.05 and low estimates of -$0.08.
Analysts are recommending an EPS of between -$0.27 and -$0.36 for the fiscal current year, implying an average EPS of -$0.34. EPS for the following year is -$0.1, with 5.0 analysts recommending between -$0.01 and -$0.28.
Revenue Estimates
4 analysts predict $673.57M in revenue for the current quarter. It ranges from a high estimate of $674.2M to a low estimate of $673M. As of the current estimate, Rackspace Technology Inc’s year-ago sales were $746.3MFor the next quarter, 4 analysts are estimating revenue of $671.98M. There is a high estimate of $675.3M for the next quarter, whereas the lowest estimate is $667.5M.
A total of 5 analysts have provided revenue estimates for RXT’s current fiscal year. The highest revenue estimate was $2.73B, while the lowest revenue estimate was $2.71B, resulting in an average revenue estimate of $2.72B. In the same quarter a year ago, actual revenue was $2.96BBased on 6 analysts’ estimates, the company’s revenue will be $2.75B in the next fiscal year. The high estimate is $2.81B and the low estimate is $2.65B.
