Rackspace Technology Inc. (RXT) is priced at $20.93 after the most recent trading session. At the very opening of the session, the stock price was $22.05 and reached a high price of $22.68, prior to closing the session it reached the value of $24.96. The stock touched a low price of $20.77.
Recently in News on February 19, 2021, CORRECTING and REPLACING – Rackspace Technology Reports Fourth Quarter and Full Year 2020 Results. Please note this release is the corrected version to replace a release issued under the same headline earlier today by Rackspace Technology, Inc. (Nasdaq: RXT). The corrected release follows:. You can read further details here
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Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Rackspace Technology Inc. shares are logging -18.75% during the 52-week period from high price, and 37.25% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $15.25 and $25.76.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 10348547 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Rackspace Technology Inc. (RXT) recorded performance in the market was 9.81%, having the revenues showcasing 30.32% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 5.07B, as it employees total of 6800 workers.
Rackspace Technology Inc. (RXT) in the eye of market guru’s
During the last month, 8 analysts gave the Rackspace Technology Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 19.14, with a change in the price was noted +2.59. In a similar fashion, Rackspace Technology Inc. posted a movement of +14.12% for the period of last 100 days, recording 1,360,040 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for RXT is recording 2.80 at the time of this writing. In addition, long term Debt to Equity ratio is set at 2.75.
Rackspace Technology Inc. (RXT): Stocks Technical analysis and Trends
Raw Stochastic average of Rackspace Technology Inc. in the period of last 50 days is set at 40.88%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 31.88%. In the last 20 days, the company’s Stochastic %K was 67.98% and its Stochastic %D was recorded 82.61%.
If we look into the earlier routines of Rackspace Technology Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 9.81%. The shares increased approximately by -12.57% in the 7-day charts and went down by 7.83% in the period of the last 30 days. Common stock shares were driven by 30.32% during last recorded quarter.