Rackspace Technology Inc (RXT) concluded trading on Wednesday at a closing price of $1.87, with 3.82 million shares of worth about $7.13 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -23.98% during that period and on Wednesday the price saw a gain of about 1.08%. Currently the company’s common shares owned by public are about 229.10M shares, out of which, 62.00M shares are available for trading.
Stock saw a price change of -10.53% in past 5 days and over the past one month there was a price change of -36.61%. Year-to-date (YTD), RXT shares are showing a performance of -15.38% which increased to 17.61% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.45 but also hit the highest price of $3.41 during that period. The average intraday trading volume for Rackspace Technology Inc shares is 881.89K. The stock is currently trading -18.45% below its 20-day simple moving average (SMA20), while that difference is down -24.74% for SMA50 and it goes to -24.17% lower than SMA200.
Rackspace Technology Inc (NASDAQ: RXT) currently have 229.10M outstanding shares and institutions hold larger chunk of about 17.27% of that.
The stock has a current market capitalization of $425.55M and its 3Y-monthly beta is at 2.09. It has posted earnings per share of -$3.89 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 7.61% while standing at 7.40% over the month.
Stock’s fiscal year EPS is expected to rise by 54.64% while it is estimated to increase by 69.09% 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.
