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. Until today this year the stock’s price performance recorded a decrease of -16.00%. However, over the last six months, the performance has been weaker by 31.25%. The price of RXT increased 13.51% over the last 30 days. And in the last five days, it has surged by 7.01%.
Rackspace Technology Inc’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $3.10 on 07/19/23, and the lowest price during that time was $1.05, recorded on 05/12/23.
52-week price history of RXT Stock
The history of a stock’s 52-week high and low prices can provide important information about its current state and future potential. Rackspace Technology Inc’s current trading price is -45.81% away from its 52-week high, while its distance from the 52-week low is 60.00%. The stock’s price range for this period has been between $1.05 and $3.10. The Technology sector company’s shares saw a trading volume of about 0.88 million for the day, which was lower than the average daily volume of 1.38 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
Rackspace Technology Inc (RXT) has experienced a quarterly decline of -1.75% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 363.57M and boasts a workforce of 5800 employees.
How Moving Averages and Trading Volume Data Work Together
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.7512, with a change in price of +0.4200. Similarly, Rackspace Technology Inc recorded 1,331,392 in trading volume during the last 100 days, posting a change of +33.33%.
RXT Stock Stochastic Average
As of today, the raw stochastic average of Rackspace Technology Inc over the past 50 days is 25.85%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 44.23%. Additionally, the Stochastic %K and %D values for the company were 41.03% and 39.10%, respectively, over the past 20 days.
