After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Most recently, Yahoo Finance reported about the stock as it publicized that Rackspace Technology Introduces AI Anywhere, a Cutting-edge Private Cloud Solution Harnessing the Power of Artificial Intelligence and Machine Learning in a Secure Hosting Environment.
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Stocks Info
As a NASDAQ listed company, RXT falls under the Technology sector while operating within the Software – Infrastructure industry segment. At the end of the last regular session, the stock closed at $1.64 and fluctuated between $1.7000 as its day high and $1.5600 as its day low. The current market capitalization of Rackspace Technology Inc is $354.91M. A total of 1.28 million shares were traded on the day, compared to an average of 1.16M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, RXT has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 1,156 shares. Over the last 12 months, there were 26 BUYs and 17 SELLs from insiders. Insiders purchased 9,903,145 shares during that period but sold 660,429.
In the most recent transaction, Koushik Srini sold 9,782 shares of RXT for 1.74 per share on Dec 18. After the transaction, the Chief Technology Officer now owns 793,367 company shares. In a previous transaction on Nov 28, SINHA DHARMENDRA KUMAR sold 91,066 shares at 1.28 per share. RXT shares that EVP, President, Public Cloud owns now total 2,215,737.
Among the insiders who sold shares, Koushik Srini disposed of 20,445 shares on Nov 28 at a per-share price of $1.28. This resulted in the Chief Technology Officer holding 803,149 shares of RXT after the transaction. In another insider transaction, Maletira Amar sold 110,502 shares at $1.30 per share on Nov 24. Company shares held by the Chief Executive Officer now total 4,675,869.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, RXT has a high of $3.57 and a low of $1.05.
As of this writing, RXT has an earnings estimate of -$0.04 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.03 per share and a lower estimate of -$0.04. The company reported an EPS of -$0.06 in the last quarter, which was 25.00% higher than expectations of -$0.08.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. RXT’s latest balance sheet shows that the firm has $272.80M in Cash & Short Term Investments as of fiscal 2021. There were $4.03B in debt and $837.40M in liabilities at the time. Its Book Value Per Share was -$0.84, while its Total Shareholder’s Equity was $1.33B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 Buy with a score of 2.50.
