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. This year’s metric has recorded a Price increase of 16.29%. However, over the past six months, we’ve seen a stronger performance of -1.53%. The price of RXT fallen by 14.73% over the last 30 days. And in the last five days, it has surged by 7.98%.
The market performance of Rackspace Technology Inc’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $3.41 on 11/13/24, while the lowest value for the same duration was $1.45 on 04/02/24.
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 -24.61% away from its 52-week high, while its distance from the 52-week low is 77.24%. The stock’s price range during this period has varied between$1.45 and $3.41. The Rackspace Technology Inc’s shares, which operate in the Technology, saw a trading volume of around 0.82 million for the day, a figure considerably lower than their average daily volume of 0.84 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Rackspace Technology Inc (RXT) has experienced a quarterly rise of 1.18% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 584.86M 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 2.47, with a change in price of +0.32. Similarly, Rackspace Technology Inc recorded 727,821 in trading volume during the last 100 days, posting a change of +14.22%.
RXT Stock Stochastic Average
As of today, Rackspace Technology Inc’s raw stochastic average for the last 50 days stands at 35.42%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 83.64%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 67.27% and 64.24%, respectively.
