Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Year to date metric has recorded a loss of -18.00%.However, over the last six months, we can see a stronger performance of -30.21%. Over the last 30 days, the price of RXT has leaped by -24.42%. And in the last five days, it has surged by 8.61%.
Rackspace Technology Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $3.10 on 07/19/23, while the lowest price for the same period was registered at $1.05 on 05/12/23.
52-week price history of RXT Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Rackspace Technology Inc’s current trading price is -47.10% away from its 52-week high, while its distance from the 52-week low is 56.19%. The stock’s price range during this period has varied between$1.05 and $3.10. The Rackspace Technology Inc’s shares, which operate in the Technology, saw a trading volume of around 1.88 million for the day, a figure considerably higher than their average daily volume of 1.44 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Rackspace Technology Inc (RXT) has experienced a quarterly decline of -18.00% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 354.91M and boasts a workforce of 5800 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.6997, with a change in price of +0.2400. Similarly, Rackspace Technology Inc recorded 1,340,617 in trading volume during the last 100 days, posting a change of +17.14%.
RXT Stock Stochastic Average
Rackspace Technology Inc’s raw stochastic average for the past 50 days is presently 21.35%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 21.35%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 13.32% and 11.68%, respectively.
