In the past week, RXT stock has gone up by 6.20%, with a monthly gain of 11.26% and a quarterly plunge of -14.33%. The volatility ratio for the week is 4.74%, and the volatility levels for the last 30 days are 5.72% for Rackspace Technology Inc The simple moving average for the past 20 days is 8.76% for RXT’s stock, with a 25.48% simple moving average for the past 200 days.
Is It Worth Investing in Rackspace Technology Inc (NASDAQ: RXT) Right Now?
The 36-month beta value for RXT is also noteworthy at 1.98. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 rating it as “hold,” and 1 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for RXT is 57.56M, and at present, short sellers hold a 10.43% of that float. The average trading volume of RXT on September 27, 2024 was 1.09M shares.
RXT) stock’s latest price update
Rackspace Technology Inc (NASDAQ: RXT) has seen a rise in its stock price by 5.33 in relation to its previous close of 2.44. However, the company has experienced a 6.20% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-17 that Offer includes all-encompassing services including migration planning, landing zone, migration, and Day Two Cloud Operations with 24x7x365 monitoring and incident response Offer includes all-encompassing services including migration planning, landing zone, migration, and Day Two Cloud Operations with 24x7x365 monitoring and incident response
Analysts’ Opinion of RXT
Many brokerage firms have already submitted their reports for RXT stocks, with UBS repeating the rating for RXT by listing it as a “Neutral.” The predicted price for RXT in the upcoming period, according to UBS is $1.40 based on the research report published on November 07, 2023 of the previous year 2023.
Raymond James, on the other hand, stated in their research note that they expect to see RXT reach a price target of $3.50. The rating they have provided for RXT stocks is “Outperform” according to the report published on September 19th, 2023.
Citigroup gave a rating of “Sell” to RXT, setting the target price at $1.50 in the report published on July 25th of the previous year.
RXT Trading at 10.15% 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 -19.15% of loss for the given period.
Volatility was left at 5.72%, however, over the last 30 days, the volatility rate increased by 4.74%, as shares surge +14.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.98% upper at present.
During the last 5 trading sessions, RXT rose by +6.20%, which changed the moving average for the period of 200-days by +61.64% in comparison to the 20-day moving average, which settled at $2.38. In addition, Rackspace Technology Inc saw 28.50% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RXT starting from Maletira Amar, who sale 52,206 shares at the price of $2.35 back on Aug 21 ’24. After this action, Maletira Amar now owns 5,347,434 shares of Rackspace Technology Inc, valued at $122,684 using the latest closing price.
Koushik Srini, the Chief Technology Officer of Rackspace Technology Inc, sale 7,740 shares at $2.39 during a trade that took place back on Aug 20 ’24, which means that Koushik Srini is holding 1,068,936 shares at $18,499 based on the most recent closing price.
Stock Fundamentals for RXT
Current profitability levels for the company are sitting at:
- -0.13 for the present operating margin
- 0.16 for the gross margin
The net margin for Rackspace Technology Inc stands at -0.29. The total capital return value is set at -0.14. Equity return is now at value -352.76, with -20.21 for asset returns.
Based on Rackspace Technology Inc (RXT), the company’s capital structure generated 1.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at -3.96. The interest coverage ratio of the stock is -1.99.
Currently, EBITDA for the company is 304.5 million with net debt to EBITDA at 13.55. When we switch over and look at the enterprise to sales, we see a ratio of 1.35. The receivables turnover for the company is 8.54for trailing twelve months and the total asset turnover is 0.83. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.90.
Conclusion
In summary, Rackspace Technology Inc (RXT) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
