Rackspace Technology Inc (NASDAQ: RXT) is 8.75% higher on its value in year-to-date trading and has touched a low of $1.15 and a high of $3.18 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RXT stock was last observed hovering at around $2.40 in the last trading session, with the day’s loss setting it -0.23%.
Currently trading at $2.17, the stock is -5.51% and -11.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing -9.38% at the moment leaves the stock 14.53% off its SMA200. RXT registered -2.03% loss for a year compared to 6-month gain of 26.45%.
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The stock witnessed a -15.53% loss in the last 1 month and extending the period to 3 months gives it a 5.07%, and is 2.59% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.80% over the week and 9.39% over the month.
Rackspace Technology Inc (RXT) has around 5800 employees, a market worth around $491.62M and $2.83B in sales. Profit margin for the company is -28.79%. Distance from 52-week low is 89.13% and -31.58% from its 52-week high. The company has generated returns on investments over the last 12 months (-32.75%).
The EPS is expected to shrink by -109.07% this year
The shares outstanding are 217.40M, and float is at 62.05M with Short Float at 9.51%.
Rackspace Technology Inc (RXT) Insider Activity
The most recent transaction is an insider sale by SINHA DHARMENDRA KUMAR, the company’s EVP, President, Public Cloud. SEC filings show that SINHA DHARMENDRA KUMAR sold 149,249 shares of the company’s common stock on Jul 25 ’24 at a price of $2.36 per share for a total of $0.35 million. Following the sale, the insider now owns 2.47 million shares.
Rackspace Technology Inc disclosed in a document filed with the SEC on May 16 ’24 that TEAL-GUESS KELLIE (Chief Human Resources Officer) sold a total of 61,393 shares of the company’s common stock. The trade occurred on May 16 ’24 and was made at $2.13 per share for $0.13 million. Following the transaction, the insider now directly holds 0.91 million shares of the RXT stock.
Still, SEC filings show that on Feb 20 ’24, Maletira Amar (Chief Executive Officer) disposed off 37,446 shares at an average price of $1.92 for $71930.0. The insider now directly holds 4,638,423 shares of Rackspace Technology Inc (RXT).
