Rackspace Technology Inc (RXT) is looking forward to a strong quarter

With 0.84 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.45 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $1.6000 whereas the lowest price it dropped to was $1.5205. The 52-week range on RXT shows that it touched its highest point at $3.10 and its lowest point at $1.05 during that stretch. It currently has a 1-year price target of $2.19. Beta for the stock currently stands at 1.94.

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Price Performance and Earnings:

Three-month performance dropped to -22.61% while six-month performance fell -32.75%. The stock lost -13.97% in the past year, while it has lost -23.00% so far this year. A look at the trailing 12-month EPS for RXT yields -3.92 with Next year EPS estimates of -0.09. For the next quarter, that number is -0.13. This implies an EPS growth rate of -152.30% for this year and 75.47% for next year.

Float and Shares Shorts:

At present, 217.40 million RXT shares are outstanding with a float of 50.28 million shares on hand for trading. On Mar 15, 2024, short shares totaled 6.54 million, which was 2.97% higher than short shares on Feb 15, 2024. In addition to RTX as the firm’s RTX Corporation, RKT serves as its Rocket Companies, Inc.

Institutional Ownership:

Through their ownership of 90.52% of RXT’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RXT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

Dividends & Yield:

In terms of dividends, RXT has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and RXT currently yields $0.00. In the past year, RXT’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, RXT has a current buyback yield of $0.29. This was $0.29 for the TTM, and it was $– for the past five years.