After Hours
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. Yahoo Finance discussed the stock recently as it posted Rackspace Technology Participates in ViVE 2024 to Discuss Healthcare Technology Interoperability and Revolutionizing Digital Health Strategies.
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Stocks Info
Rackspace Technology Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $1.92 and fluctuated between $1.9700 as its day high and $1.8900 as its day low. The current market capitalization of Rackspace Technology Inc is $415.51M. A total of 1.28 million shares were traded on the day, compared to an average of 1.19M shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, RXT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 20 BUYs and 17 SELLs from insiders. Insiders purchased 6,477,805 shares during that period but sold 660,429.
In the most recent transaction, Lillie Brian sold 139,701 shares of RXT for 1.62 per share on Jan 25. After the transaction, the EVP, President Private Cloud now owns 1,608,258 company shares. In a previous transaction on Jan 25, Marino Mark A. sold 12,316 shares at 1.62 per share. RXT shares that Chief Financial Officer owns now total 248,101.
Among the insiders who sold shares, Koushik Srini disposed of 9,782 shares on Dec 18 at a per-share price of $1.74. This resulted in the Chief Technology Officer holding 793,367 shares of RXT after the transaction. In another insider transaction, SINHA DHARMENDRA KUMAR sold 91,066 shares at $1.28 per share on Nov 28. Company shares held by the EVP, President, Public Cloud now total 2,215,737.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for RXT in the last 3 months, the mean price target is $1.83 with high estimates of $3.00 and low estimates of $1.00. In terms of 52-week highs and lows, RXT has a high of $3.12 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 6 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
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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
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. 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 2.57.
