Rackspace Technology Inc (RXT) concluded trading on Thursday at a closing price of $1.38, with 0.5 million shares of worth about $0.69 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -37.84% during that period and on July 03, 2025 the price saw a gain of about 3.76%. Currently the company’s common shares owned by public are about 237.30M shares, out of which, 61.48M shares are available for trading.
Stock saw a price change of 8.66% in past 5 days and over the past one month there was a price change of 33.98%. Year-to-date (YTD), RXT shares are showing a performance of -52.90% which decreased to -37.56% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.00 but also hit the highest price of $3.41 during that period. The average intraday trading volume for Rackspace Technology Inc shares is 1.01 million. The stock is currently trading 7.77% above its 20-day simple moving average (SMA20), while that difference is up 8.60% for SMA50 and it goes to -33.67% lower than SMA200.
Rackspace Technology Inc (NASDAQ: RXT) currently have 237.30M outstanding shares and institutions hold larger chunk of about 17.09% of that.
The stock has a current market capitalization of $327.60M and its 3Y-monthly beta is at 2.06. It has posted earnings per share of -$1.29 in the same period. It has Quick Ratio of 0.79. 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 6.53% while standing at 7.93% over the month.
Stock’s fiscal year EPS is expected to rise by 48.37% while it is estimated to increase by 90.74% in next year.
Coverage by UBS stated Rackspace Technology Inc (RXT) stock as a Neutral in their note to investors on November 07, 2023, suggesting a price target of $1.40 for the stock. On September 19, 2023, Raymond James Upgrade their recommendations, while on July 25, 2023, Citigroup Downgrade their ratings for the stock with a price target of $1.50. Stock get an In-line rating from Evercore ISI on October 11, 2022.
