Rackspace Technology Inc: Navigating Market Fluctuations with a 613.35M Market Cap

The market performance of Rackspace Technology Inc has been somewhat stable. Over the past year, the company’s stock achieved a high of $3.18 on 06/28/24, with the lowest value for the same timeframe being $1.15, recorded on 10/27/23.

52-week price history of RXT Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Rackspace Technology Inc’s current trading price is -13.81% away from its 52-week high, while its distance from the 52-week low is 138.26%. The stock’s price range for this period has remained between $1.15 and $3.18. The Technology sector company’s shares managed to surpass a trading volume of around 0.94 million for the day, which was noticeably lower compared to the shares’ average daily volume of 1.0 million over the last three months.

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Financial Performance and Market Capitalization

Rackspace Technology Inc (RXT) has experienced a quarterly rise of 56.57% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 613.35M and boasts a workforce of 5800 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 2.02, with a change in price of +0.93. Similarly, Rackspace Technology Inc recorded 1,262,497 in trading volume during the last 100 days, posting a change of +51.38%.

RXT Stock Stochastic Average

As of today, the raw stochastic average of Rackspace Technology Inc over the last 50 days is at 70.52%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 50.90%. Further, the company’s Stochastic %K and %D values for the last 20 days were 70.18% and 73.52%, respectively.

RXT Stock Price Performance Analysis

The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Until today this year the stock’s price performance recorded an increase of 37.00%. However, over the last six months, the performance has been weaker by 53.93%. The price of RXT increased 25.11% over the last 30 days. And in the last five days, it has fallen by -5.84%.

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