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The closing price of Rackspace Technology Inc (NASDAQ: RXT) was $2.50 for the day, up 1.63% from the previous closing price of $2.46. In other words, the price has increased by $1.63 from its previous closing price. On the day, 1.01 million shares were traded. RXT stock price reached its highest trading level at $2.55 during the session, while it also had its lowest trading level at $2.395.
Ratios:
Our analysis of RXT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.97 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.91. 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:
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 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 565082496 and an Enterprise Value of 3776982272. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.20. Its current Enterprise Value per Revenue stands at 1.336 whereas that against EBITDA is 16.595.
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 5.53%, while the 200-Day Moving Average is calculated to be 24.23%.
Shares Statistics:
RXT traded an average of 1.14M shares per day over the past three months and 580970 shares per day over the past ten 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 19.48% stake in the company. Shares short for RXT as of 1724976000 were 6472517 with a Short Ratio of 5.67, compared to 1722384000 on 5899205. Therefore, it implies a Short% of Shares Outstanding of 6472517 and a Short% of Float of 9.33.
