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.
The price of Rackspace Technology Inc (NASDAQ: RXT) closed at $1.40 in the last session, down -0.71% from day before closing price of $1.41. In other words, the price has decreased by -$0.71 from its previous closing price. On the day, 0.53 million shares were traded.
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 0.81 and its Current Ratio is at 0.81.
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 Mar 17 ’25 when Maletira Amar sold 521,840 shares for $1.87 per share. The transaction valued at 975,841 led to the insider holds 4,368,328 shares of the business.
Marino Mark A. sold 20,217 shares of RXT for $37,806 on Mar 17 ’25. The Chief Financial Officer now owns 1,917,446 shares after completing the transaction at $1.87 per share. On Mar 17 ’25, another insider, SINHA DHARMENDRA KUMAR, who serves as the EVP, President, Public Cloud of the company, sold 176,374 shares for $1.87 each. As a result, the insider received 329,819 and left with 2,117,455 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.12.
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 $1.24. The 50-Day Moving Average of the stock is -20.45%, while the 200-Day Moving Average is calculated to be -39.09%.
Shares Statistics:
A total of 229.10M shares are outstanding, with a floating share count of 65.47M. Insiders hold about 72.41% of the company’s shares, while institutions hold 16.53% stake in the company.
