After finishing at $1.69 in the prior trading day, Rackspace Technology Inc (NASDAQ: RXT) closed at $1.67, down -1.18%. On the day, 554465 shares were traded.
Ratios:
Our goal is to gain a better understanding of RXT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.30. For the most recent quarter (mrq), Quick Ratio is recorded 0.92 and its Current Ratio is at 0.92.
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 Feb 20 ’24 when Maletira Amar sold 37,446 shares for $1.92 per share. The transaction valued at 71,930 led to the insider holds 4,638,423 shares of the business.
Lillie Brian sold 139,701 shares of RXT for $226,316 on Jan 25 ’24. The EVP, President Private Cloud now owns 1,608,258 shares after completing the transaction at $1.62 per share. On Jan 25 ’24, another insider, Marino Mark A., who serves as the Chief Financial Officer of the company, sold 12,316 shares for $1.62 each. As a result, the insider received 19,952 and left with 248,101 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 $3.10, while it has fallen to a 52-week low of $1.05.
Shares Statistics:
A total of 217.40M shares are outstanding, with a floating share count of 50.27M. Insiders hold about 76.77% of the company’s shares, while institutions hold 20.97% stake in the company.
Earnings Estimates
Its stock is currently analyzed by RTX Corporation different market analysts. The consensus estimate for the next quarter is $93.96, with high estimates of $47.20 and low estimates of $12.25.
Analysts are recommending an EPS of between $Technology and $Financial Services for the fiscal current year, implying an average EPS of $Industrials.
