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Rackspace Technology Inc. (RXT) Stock: A Year of Highs and Lows in the Market

The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Rackspace Technology Inc.’s current trading price is -67.71% away from its 52-week high, while its distance from the 52-week low is 86.69%. The stock’s price range for this period has been between $1.05 and $6.07 The company’s shares, which are part of the Technology sector, had a trading volume of approximately 11.63 million for the day, a number notably higher than the average daily volume of 1.96 million over the last three months.

The present stock price for Rackspace Technology Inc. (RXT) is $1.96. In the last trading session, the stock made a considerable jump, reaching $1.56 after an opening price of $1.51. The stock briefly fell to $1.44 before ending the session at $1.48.

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Rackspace Technology Inc. experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $6.07 on 11/15/22, while the lowest price for the same period was registered at $1.05 on 05/12/23.

Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis

Rackspace Technology Inc. (RXT) has experienced a quarterly rise of 4.82% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 431.36M and boasts a workforce of 6800 employees.

Analyzing Trading Volume and Moving Average Trends

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.9695, with a change in price of +0.5102. Similarly, Rackspace Technology Inc. recorded 2,027,415 in trading volume during the last 100 days, posting a change of +35.19%.

Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis

The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for RXT stands at 114.82. Similarly, the long-term debt-to-equity ratio is also 111.44.

RXT Stock Stochastic Average

Rackspace Technology Inc.’s raw stochastic average for the past 50 days is presently 31.34%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 42.64%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 16.46% and 8.50%, respectively.

RXT Stock Price Performance Analysis

The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price loss of -33.55% this year. Over the last six months, there has been a weaker performance of 12.01%. The price of RXT leaped by -13.07% during the last 30 days period. For the last 5-days stocks have improved 15.99%.

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