Is There More Upside Ahead For Rackspace Technology Inc. (NASDAQ: RXT)


    Rackspace Technology Inc. (RXT) concluded trading on 08/27/20 at a closing price of $18.69, with 2.69 million shares of worth about $50.31 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 2.41% during that period and on Thursday the price saw a loss of about -1.63%. Currently the company’s common shares owned by public are about 198.19M shares, out of which, 197.99M shares are available for trading.

    According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 2 times over the past 12 months. They bought 142,857 shares in 1 of the transactions. In 1 selling transactions, insiders dumped 22,125 shares.

    The company recently came buying 0.0 shares which brought its stake up to 0.00% of the company’s outstanding shares.

    Rackspace Technology Inc. (NASDAQ: RXT) started trading at $19.21, above $0.21 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $18.69, or with a loss of -1.63%. Over the period of past 52 weeks, stock dropped to lowest price of $15.25 but also hit the highest price of $20.10 during that period. While comparing its average daily trading volume of 5.75 million shares, we see that about 2.69 million changed hands on the day. The stock is currently trading 8.48% above its 20-day simple moving average (SMA20), while that difference is up 8.48% for SMA50 and it goes to 8.48% higher than SMA200.

    Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over 0.00% and — of the stake respectively.

    The stock has a current market capitalization of $3.70B. It has posted earnings per share of -$0.47 in the same period. It has Quick Ratio of 0.90 while making debt-to-equity ratio of 5.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RXT, volatility over the week remained 5.15%.

    Analysts are in expectations that Rackspace Technology Inc. (RXT) stock would likely to be making an EPS of $RTX in the current quarter, while forecast for next quarter ESPS is $60.89 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $RXT which is $Textron Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Redwood Trust, Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 78.30%.

    Analysts at 0 brokerage firms have issued recommendations for the Rackspace Technology Inc. (RXT)’s stock out of those 0 Wall Street analysts, 0 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.


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