As of Friday close, Rackspace Technology Inc.’s (NASDAQ:RXT) stock was down -$0.2, moving down -9.43 percent to $1.92. The average number of shares traded per day over the past five days has been 2,019,920 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.21 fall in that time frame. In the last twenty days, the average volume was 1,493,010, while in the previous 50 days, it was 1,382,640.
Since last month, RXT stock retreated -39.43%. Shares of the company fell to $1.92 on 03/17/23, the lowest level in the past month. A 52-week high of $12.13 was reached on 02/02/23 after having rallying from a 52-week low of $2.02. Since the beginning of this year, RXT’s stock price has dropped by -34.92% or -$1.03, and marked a new high 4 times. However, the stock has declined by -84.17% 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 108 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.
In the three months ended December 30, 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 December 30 was 4.48, and the total debt-to-equity ratio was 4.61. On the profitability front, the trailing twelve-month gross margin is 27.40% percent. In the year ended December 30, operating margins totaled -0.20%. Based on annual data, RXT earned $856.9 million in gross profit and brought in $3.12 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 -16.40%.
In Rackspace Technology Inc.’s quarter-end financial report for December 30, it reported total debt of $3.3 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. RXT’s revenue rose 1.23% to $787.6 million during the quarter, while net income inched up to $787.0 million. While analysts expected Rackspace Technology Inc. to report $0.05 quarterly earnings, the actual figure was $0.06 per share. During the quarter, the company generated $11.3 million in EBITDA. The liabilities of Rackspace Technology Inc. were 4.83 billion at the end of its most recent quarter ended December 30, and its total debt was $3.9 billion. The value of shareholders’ equity is $212.84 million.
This quick technical analysis looks at Rackspace Technology Inc.’s (RXT) price momentum. With a historical volatility rate of 85.62%, the RSI 9-day stood at 25.46% on 17 March.
With respect to its five-day moving average, the current Rackspace Technology Inc. price is down by -9.86% percent or -$0.21. At present, RXT shares trade -36.21% below its 20-day simple moving average and -56.85% percent below its 100-day simple moving average. However, the stock is currently trading approximately -34.92% below its SMA50 and -79.20% below its SMA200.
Stochastic coefficient K was 12.77% and Stochastic coefficient D was 13.09%, while ATR was 0.18. Given the Stochastic reading of 0.77% for the 14-day period, the RSI (14) reading has been calculated as 29.62%. As of today, the MACD Oscillator reading stands at -0.11, while the 14-day reading stands at -0.18.
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 7 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.