Prepare Yourself for Liftoff: Rackspace Technology Inc (RXT)

With 1.47 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.38 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $2.08 whereas the lowest price it dropped to was $1.93. The 52-week range on RXT shows that it touched its highest point at $3.10 and its lowest point at $1.06 during that stretch. It currently has a 1-year price target of $2.22. Beta for the stock currently stands at 1.88.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RXT was up-trending over the past week, with a rise of 14.36%, but this was up by 29.37% over a month. Three-month performance surged to 20.35% while six-month performance rose 64.29%. The stock gained 83.19% in the past year, while it has gained 3.50% so far this year. A look at the trailing 12-month EPS for RXT yields -3.53 with Next year EPS estimates of -0.09. For the next quarter, that number is -0.11. This implies an EPS growth rate of -133.34% for this year and 75.57% for next year.

Float and Shares Shorts:

At present, 217.40 million RXT shares are outstanding with a float of 51.95 million shares on hand for trading. On 2024-04-30, short shares totaled 6.2 million, which was 277.0 higher than short shares on 1711584000. In addition to Mr. Amar Maletira as the firm’s President, CEO & Director, Mr. Srinivas Koushik serves as its Executive VP and President of Technology, Sustainability & Artificial Intelligence.

Institutional Ownership:

Through their ownership of 0.88032997 of RXT’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2023-12-31, RXT reported revenue of $719700000.0 and operating income of -$11400000.0. The EBITDA in the recently reported quarter was $86400000.0 and diluted EPS was $0.13.

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.