Rackspace Technology Inc (RXT) concluded trading on Wednesday at a closing price of $3.03, with 4.33 million shares of worth about $13.12 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 40.28% during that period and on November 13, 2024 the price saw a gain of about 5.94%. Currently the company’s common shares owned by public are about 217.40M shares, out of which, 59.23M shares are available for trading.
Stock saw a price change of 15.65% in past 5 days and over the past one month there was a price change of 7.83%. Year-to-date (YTD), RXT shares are showing a performance of 51.50% which increased to 133.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.22 but also hit the highest price of $3.18 during that period. The average intraday trading volume for Rackspace Technology Inc shares is 629.80K. The stock is currently trading 16.63% above its 20-day simple moving average (SMA20), while that difference is up 19.52% for SMA50 and it goes to 38.36% higher than SMA200.
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Rackspace Technology Inc (NASDAQ: RXT) currently have 217.40M outstanding shares and institutions hold larger chunk of about 19.55% of that.
The stock has a current market capitalization of $684.88M and its 3Y-monthly beta is at 2.02. It has posted earnings per share of -$3.73 in the same period. It has Quick Ratio of 0.84. 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 10.16% while standing at 6.84% over the month.
Stock’s fiscal year EPS is expected to drop by -89.02% while it is estimated to increase by 64.13% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on November 07, 2023 offering a Neutral rating for the stock and assigned a target price of $1.40 to it. Coverage by Raymond James stated Rackspace Technology Inc (RXT) stock as an Outperform in their note to investors on September 19, 2023, suggesting a price target of $3.50 for the stock. On July 25, 2023, Citigroup Downgrade their recommendations, while on October 11, 2022, Evercore ISI Downgrade their ratings for the stock with a price target of $5. Stock get an Underweight rating from JP Morgan on August 16, 2022.
