Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The index has shown a price loss of -2.00% this year. Over the last six months, there has been a weaker performance of 40.00%. The price of RXT fallen by 16.67% during the last 30 days period. For the last 5-days stocks have improved 12.64%.
Rackspace Technology Inc had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $3.10 on 07/19/23, while the lowest price during the same period was $1.05 on 05/12/23.
52-week price history of RXT Stock
A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. Rackspace Technology Inc’s current trading price is -36.77% away from its 52-week high, while its distance from the 52-week low is 86.67%. The stock’s price range over this timeframe has been between $1.05 and $3.10. The shares of the Technology sector company recorded a trading volume of approximately 2.59 million for the day, which was comparatively higher than the average daily volume of 1.33 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
Rackspace Technology Inc (RXT) has experienced a quarterly rise of 23.27% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 438.31M 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 1.7721, with a change in price of +0.0700. Similarly, Rackspace Technology Inc recorded 1,260,997 in trading volume during the last 100 days, posting a change of +3.70%.
RXT Stock Stochastic Average
Rackspace Technology Inc’s raw stochastic average for the past 50 days is currently at 57.31%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 97.83%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 91.97% and 88.17%, respectively.
