In the past week, RXT stock has gone down by -5.19%, with a monthly gain of 5.79% and a quarterly surge of 2.81%. The volatility ratio for the week is 6.82%, and the volatility levels for the last 30 days are 6.10% for Rackspace Technology Inc The simple moving average for the past 20 days is 0.25% for RXT’s stock, with a 21.26% 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 at 1.99. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for RXT is 59.23M, and currently, shorts hold a 9.77% of that float. The average trading volume for RXT on October 18, 2024 was 889.60K shares.
RXT) stock’s latest price update
Rackspace Technology Inc (NASDAQ: RXT)’s stock price has dropped by -8.90 in relation to previous closing price of 2.81. Nevertheless, the company has seen a loss of -5.19% in its stock price over the last five trading days. 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 5.68% 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 -19.47% of loss for the given period.
Volatility was left at 6.10%, however, over the last 30 days, the volatility rate increased by 6.82%, as shares surge +5.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.75% upper at present.
During the last 5 trading sessions, RXT fell by -5.19%, which changed the moving average for the period of 200-days by +35.45% in comparison to the 20-day moving average, which settled at $2.55. In addition, Rackspace Technology Inc saw 28.00% 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 91,863 shares at the price of $2.37 back on Oct 01 ’24. After this action, Maletira Amar now owns 5,066,536 shares of Rackspace Technology Inc, valued at $217,715 using the latest closing price.
Maletira Amar, the Chief Executive Officer of Rackspace Technology Inc, sale 84,823 shares at $2.42 during a trade that took place back on Sep 30 ’24, which means that Maletira Amar is holding 5,158,399 shares at $205,272 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 conclusion, Rackspace Technology Inc (RXT) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
