Rackspace Technology Inc. (NASDAQ: RXT)’s stock price has soared by 4.02 in relation to previous closing price of 1.27. Nevertheless, the company has seen a gain of 16.91% in its stock price over the last five trading days. Barron’s reported on 12/15/22 that Rackspace Ransomware Outage Continues Nearly 2 Weeks After It Started
Is It Worth Investing in Rackspace Technology Inc. (NASDAQ: RXT) Right Now?
Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 2 as “sell.”
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The average price point forecasted by analysts for Rackspace Technology Inc. (RXT) is $1.96, which is $0.64 above the current market price. The public float for RXT is 205.75M, and currently, short sellers hold a 3.50% ratio of that float. The average trading volume of RXT on May 26, 2023 was 1.75M shares.
RXT’s Market Performance
RXT stock saw a decrease of 16.91% in the past week, with a monthly decline of -11.34% and a quarterly a decrease of -43.78%. The volatility ratio for the week is 17.65%, and the volatility levels for the last 30 days are 11.29% for Rackspace Technology Inc. (RXT). The simple moving average for the past 20 days is 3.58% for RXT’s stock, with a -60.75% simple moving average for the past 200 days.
RXT Trading at -16.93% from the 50-Day Moving Average
After a stumble in the market that brought RXT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -86.06% of loss for the given period.
Volatility was left at 11.29%, however, over the last 30 days, the volatility rate increased by 17.65%, as shares sank -6.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.61% lower at present.
During the last 5 trading sessions, RXT rose by +20.80%, which changed the moving average for the period of 200-days by -76.47% in comparison to the 20-day moving average, which settled at $1.2708. In addition, Rackspace Technology Inc. saw -55.22% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RXT starting from Samant Shashank, who purchase 19,933 shares at the price of $4.59 back on Nov 30. After this action, Samant Shashank now owns 158,507 shares of Rackspace Technology Inc., valued at $91,520 using the latest closing price.
Samant Shashank, the Director of Rackspace Technology Inc., purchase 100,000 shares at $4.55 during a trade that took place back on Nov 29, which means that Samant Shashank is holding 138,574 shares at $454,620 based on the most recent closing price.
Stock Fundamentals for RXT
Current profitability levels for the company are sitting at:
- +0.05 for the present operating margin
- +22.10 for the gross margin
The net margin for Rackspace Technology Inc. stands at -25.78. The total capital return value is set at 0.03, while invested capital returns managed to touch -16.89. Equity return is now at value -199.20, with -24.90 for asset returns.
Based on Rackspace Technology Inc. (RXT), the company’s capital structure generated 619.49 points at debt to equity in total, while total debt to capital is 86.10. Total debt to assets is 71.47, with long-term debt to equity ratio resting at 593.85. Finally, the long-term debt to capital ratio is 82.54.
When we switch over and look at the enterprise to sales, we see a ratio of 1.27, with the company’s debt to enterprise value settled at 0.91. The receivables turnover for the company is 5.17 and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.25.
Conclusion
To put it simply, Rackspace Technology Inc. (RXT) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
