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 gain of 50.00% this year. Over the last six months, there has been a weaker performance of 38.89%. The price of RXT fallen by 6.76% during the last 30 days period. For the last 5-days stocks have improved 14.50%.
Rackspace Technology Inc’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $3.18 on 11/13/24, and the lowest price during that time was $1.22, recorded on 11/30/23.
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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 -5.63% away from its 52-week high, while its distance from the 52-week low is 145.90%. The stock’s price range over this timeframe has been between $1.22 and $3.18. The shares of the Technology sector company recorded a trading volume of approximately 2.05 million for the day, which was comparatively higher than the average daily volume of 0.63 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
Rackspace Technology Inc (RXT) has experienced a quarterly rise of 35.75% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 678.09M 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 2.49, with a change in price of +0.47. Similarly, Rackspace Technology Inc recorded 940,437 in trading volume during the last 100 days, posting a change of +18.69%.
RXT Stock Stochastic Average
The raw stochastic average for Rackspace Technology Inc over the last 50 days is presently at 68.11%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 61.43%. Further, the company’s Stochastic %K and %D values for the last 20 days were 75.85% and 79.02%, respectively.
