Rackspace Technology Inc. (RXT) saw an uptrend of 0.56% in the recent, registering $16.14 being its most recent bid. The distance of current price level is -29.05% lower than the highest price of $22.75 marked by the stock while trading over the past 52-weeks, whereas it is 5.84% higher than the lowest price of $15.25 the company dropped to over past 52-weeks. The latest news story on RXT appeared in GlobeNewswire under the title “Rackspace Technology Manages Basware Cloud Transformation with AWS Public Cloud Migration” on Oct-28-20.
Squeezing the time span to 30 day period shows us the stock currently buoying -17.82% below one month high and is +4.40% above of the lowest during that time. Looking into the simple moving average, Rackspace Technology Inc. (RXT)’s stock is currently standing at a SMA-50 of $18.42 while that of 5-day is reading $16.35.
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Rackspace Technology Inc. (RXT) releasing its most recent results for the quarter ended 6/29/2020 posted a surprise factor of 31.20% for net revenue. During the reported three-month period, company’s sales were $656.5 billion while analysts on average were estimating the same to be $663.62 million.
Looking into the perspective of Rackspace Technology Inc. (NASDAQ:RXT)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.16 for stock’s EPS in the current quarter. 9 analysts covering the stock at Wall Street were agreed upon that EPS consensus. Company’s EPS for the last quarter was 0.21.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). Institutions currently hold 199.07 million of RXT’s outstanding shares. That indicates a holding of about 86.40% of worth by institutional holders in the company.
As on Sep 29, 2020, Verde Servicos Internacionais S.a. was the top most holder in Rackspace Technology Inc. (NASDAQ:RXT) with an ownership of 0.6 million shares of the company or 0.30% of the stake worth $11.57 million. The filing also reveals LGT Capital Partners Ltd as the second largest holder in the company with a control over 0.17% of the stake or worth of $6.46 million for having 0.34 million shares in hand.
Investors are for sure keenly observing the recommendations of analysts at Wall Street about the Rackspace Technology Inc. And review of current evaluations agreed by the analysts discloses a Buy rating for RXT. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.90 for the stock. Lower value of between 1 and 2 implies a Buy recommendation whereas the value in the range of above 4 suggests Hold while below 1 recommends the investors to Sell the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, liquidity recorded by Rackspace Technology Inc. was 0.81 while posting a debt to equity ratio of 5.74. The count was 475.70 for long-term debt to equity ratio.
The rising figure indicates that RXT came strengthening itself from within over the past one year. A comparison of company’s ROE with that of the Software – Infrastructure industry and with the broader scale at the Technology sector level shows that industry’s average ROE is 4.89.