Rackspace Technology Inc (NASDAQ:RXT) price on current trading day, rose 8.15% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.46.
A look at the stock’s price movement, the close in the last trading session was $1.35, moving within a range at $1.3 and $1.51. The beta value (5-Year monthly) was 2.127. Turning to its 52-week performance, $3.41 and $1.33 were the 52-week high and 52-week low respectively. Overall, RXT moved -25.89% over the past month.
Rackspace Technology Inc’s market cap currently stands at around $346.46 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-19.
Analysts have a consensus estimate of 657.98M for the company’s revenue for the quarter, with a low and high estimate of 654.5M and 659.3M respectively. The average forecast suggests down to a -4.75% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.69B, representing a -1.88% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RXT is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
8 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 4 recommend RXT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 3 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
RXT’s current price about -15.78% and -35.29% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 29.74, while 7-day volatility ratio is 12.60% and 8.50% in the 30-day chart. Further, Rackspace Technology Inc (RXT) has a beta value of 2.06, and an average true range (ATR) of 0.16. Analysts have given the company’s stock an average 52-week price target of $3.5, forecast between a low of $3.5 and high of $3.5. Looking at the price targets, the low is -139.73% off current price level while to achieve the yearly target high, price needs to move -139.73%. Nonetheless, investors will most likely welcome a -139.73% jump to $3.5 which is the analysts’ median price.
If we refocus on Rackspace Technology Inc (NASDAQ:RXT), historical trading data shows that trading volumes averaged 0.92 over the past 10 days and 956.21K over the past 3 months. The company’s latest data on shares outstanding shows there are 229.10 million shares.
The 72.41% of Rackspace Technology Inc’s shares are in the hands of company insiders while institutional holders own 16.55% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.72 million on 2025-03-14, giving us a short ratio of 3.93. The data shows that as of 2025-03-14 short interest in Rackspace Technology Inc (RXT) stood at 513.0 of shares outstanding, with shares short falling to 4.04 million registered in 2025-02-14. Current price change has pushed the stock -33.94% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RXT stock continues to rise going into the next quarter.
