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Tuesday, January 31, 2023

Insights Into Rackspace Technology Inc. (RXT) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Rackspace Technology Inc. (RXT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.03, or 1.12%, to $2.72. The Rackspace Technology Inc. has recorded 8,502 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Update on Recent Cybersecurity Incident.


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Stocks Info

Rackspace Technology Inc. is listed on the NASDAQ in the Technology sector while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $2.69 and fluctuated between $2.7950 as its day high and $2.6600 as its day low. The current market capitalization of Rackspace Technology Inc. is $580.61M. A total of 1.38 million shares were traded on the day, compared to an average of 2.21M shares.

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, RXT has seen 5 BUY and 4 SELL insider trades, representing the acquisition of 2,297,773 and the disposition of 127,001 shares. Over the last 12 months, there were 31 BUYs and 27 SELLs from insiders. Insiders purchased 5,169,276 shares during that period but sold 697,264.

In the most recent transaction, Samant Shashank bought 19,933 shares of RXT for 4.59 per share on Nov 30. After the transaction, the Director now owns 158,507 company shares. In a previous transaction on Nov 29, Samant Shashank bought 100,000 shares at 4.55 per share. RXT shares that Director owns now total 138,574.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for RXT in the last 3 months, the mean price target is $5.29 with high estimates of $8.00 and low estimates of $2.00. In terms of 52-week highs and lows, RXT has a high of $13.71 and a low of $2.51.

As of this writing, RXT has an earnings estimate of $0.09 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.1 per share and a lower estimate of $0.07. The company reported an EPS of $0.22 in the last quarter, which was 4.80% higher than expectations of $0.21.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 11 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RXT is Hold with a score of 2.56. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 8 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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