For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The closing price of Rackspace Technology Inc (NASDAQ: RXT) was $1.34 for the day, up 5.51% from the previous closing price of $1.27. In other words, the price has increased by $5.51 from its previous closing price. On the day, 0.84 million shares were traded. RXT stock price reached its highest trading level at $1.365 during the session, while it also had its lowest trading level at $1.28.
Ratios:
Our analysis of RXT’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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:
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 317991392 and an Enterprise Value of 3475790848. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.12. Its current Enterprise Value per Revenue stands at 1.27 whereas that against EBITDA is 18.942.
Stock Price History:
The Beta on a monthly basis for RXT is 2.15, which has changed by -0.17791408 over the last 52 weeks, in comparison to a change of 0.042615533 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 $1.24. The 50-Day Moving Average of the stock is -34.13%, while the 200-Day Moving Average is calculated to be -43.14%.
Shares Statistics:
RXT traded an average of 961.96K shares per day over the past three months and 892330 shares per day over the past ten days. 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 16.55% stake in the company. Shares short for RXT as of 1743379200 were 3971939 with a Short Ratio of 4.13, compared to 1740700800 on 3027897. Therefore, it implies a Short% of Shares Outstanding of 3971939 and a Short% of Float of 4.9200002.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
