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The price of Rackspace Technology Inc (NASDAQ: RXT) closed at $2.59 in the last session, up 0.39% from day before closing price of $2.58. In other words, the price has increased by $0.39 from its previous closing price. On the day, 0.94 million shares were traded. RXT stock price reached its highest trading level at $2.63 during the session, while it also had its lowest trading level at $2.54.
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 0.84 and its Current Ratio is at 0.84.
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 Dec 03 ’24 when Koushik Srini sold 8,028 shares for $2.54 per share. The transaction valued at 20,391 led to the insider holds 1,018,251 shares of the business.
SINHA DHARMENDRA KUMAR sold 23,357 shares of RXT for $59,327 on Dec 03 ’24. The EVP, President, Public Cloud now owns 2,311,309 shares after completing the transaction at $2.54 per share. On Dec 03 ’24, another insider, Lillie Brian, who serves as the EVP, President Private Cloud of the company, sold 20,165 shares for $2.54 each. As a result, the insider received 51,219 and left with 1,987,623 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 589403648 and an Enterprise Value of 3772984064. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.21. Its current Enterprise Value per Revenue stands at 1.361 whereas that against EBITDA is 18.559.
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 $1.36. The 50-Day Moving Average of the stock is 0.42%, while the 200-Day Moving Average is calculated to be 14.99%.
Shares Statistics:
According to the various share statistics, RXT traded on average about 745.00K shares per day over the past 3-months and 840310 shares per day over the past 10 days. A total of 227.60M shares are outstanding, with a floating share count of 59.75M. Insiders hold about 73.75% of the company’s shares, while institutions hold 17.16% stake in the company. Shares short for RXT as of 1731628800 were 4506657 with a Short Ratio of 6.05, compared to 1728950400 on 5407107. Therefore, it implies a Short% of Shares Outstanding of 4506657 and a Short% of Float of 6.35.
