Find Out How Rackspace Technology Inc. (RXT) Insiders Are Trading Their Stock?


As of Wednesday close, Rackspace Technology Inc.’s (NASDAQ:RXT) stock was up $0.08, moving up 2.90 percent to $2.84. The average number of shares traded per day over the past five days has been 6,595,720 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.36 fall in that time frame. In the last twenty days, the average volume was 3,792,650, while in the previous 50 days, it was 2,353,436.

Since last month, RXT stock retreated -40.21%. Shares of the company fell to $2.58 on 12/19/22, the lowest level in the past month. A 52-week high of $14.38 was reached on 01/03/22 after having rallying from a 52-week low of $2.58. Since the beginning of this year, RXT’s stock price has dropped by -78.92% or -$10.63, and marked a new high 1 time. However, the stock has declined by -80.25% since its 52-week high.

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RXT stock investors should be aware that Rackspace Technology Inc. (RXT) stock had its last reported insider trading activity 22 days ago on Nov 30. Samant Shashank, the Director of the company, purchased of 19,933 shares for $4.59 on Nov 30. It resulted in a $91,520 investment by the insider. Samant Shashank added 100,000 shares at an average price of $4.55 on Nov 29. The insider now owns 138,574 shares following the transaction.

Financial Health

In the three months ended June 29, Rackspace Technology Inc.’s quick ratio stood at 1.30, while its current ratio was 1.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 4.48, and the total debt-to-equity ratio was 4.61. On the profitability front, the trailing twelve-month gross margin is 28.60% percent. In the year ended June 29, operating margins totaled -15.40%. Based on annual data, RXT earned $936.8 million in gross profit and brought in $3.01 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -0.20%. Return on equity (ROE) for the past 12 months was -56.30%.

In Rackspace Technology Inc.’s quarter-end financial report for June 29, it reported total debt of $3.3 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. RXT’s revenue rose 3.19% to $772.2 million during the quarter, while net income inched up to $787.6 million. While analysts expected Rackspace Technology Inc. to report $0.16 quarterly earnings, the actual figure was $0.17 per share, beating the consensus estimate by 6.30%. During the quarter, the company generated $42.5 million in EBITDA. The liabilities of Rackspace Technology Inc. were 4.87 billion at the end of its most recent quarter ended June 29, and its total debt was $4.01 billion. The value of shareholders’ equity is $211.11 million.

Technical Picture

This quick technical analysis looks at Rackspace Technology Inc.’s (RXT) price momentum. With a historical volatility rate of 74.65%, the RSI 9-day stood at 26.23% on 21 December.

With respect to its five-day moving average, the current Rackspace Technology Inc. price is down by -11.25% percent or -$0.36. At present, RXT shares trade -38.66% below its 20-day simple moving average and -58.96% percent below its 100-day simple moving average. However, the stock is currently trading approximately -29.70% below its SMA50 and -71.91% below its SMA200.

Stochastic coefficient K was 7.87% and Stochastic coefficient D was 7.18%, while ATR was 0.36. Given the Stochastic reading of 10.70% for the 14-day period, the RSI (14) reading has been calculated as 30.60%. As of today, the MACD Oscillator reading stands at -0.29, while the 14-day reading stands at -0.61.

Analyst Ratings

Rackspace Technology Inc. downgraded its rating on Rackspace Technology Inc. (NASDAQ: RXT) to an In-line in a note to investors on October 11, 2022. The analysts firm previously had an Outperform rating on the stock.Rackspace Technology Inc. (RXT) has been rated Hold by analysts. According to 2 brokerage firms, RXT is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Rackspace Technology Inc. stock as buy, with 1 recommending it as overweight.

With a median target price of $5.00, the current consensus forecast for the stock is $2.00 – $8.00. Based on these forecasts, analysts predict Rackspace Technology Inc. (RXT) will achieve an average price target of $5.29.


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