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. Most recently, Yahoo Finance reported about the stock as it publicized that GLP Works with Foundry for AI by Rackspace (FAIR) Experts to Integrate Microsoft Azure OpenAI Service to Drive Innovative Asset Management Strategies.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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. The current market capitalization of Rackspace Technology Inc is $378.72M. A total of 0.67 million shares were traded on the day, compared to an average of 1.47M shares.
In the most recent transaction, Maletira Amar sold 37,446 shares of RXT for 1.92 per share on Feb 20 ’24. After the transaction, the Chief Executive Officer now owns 4,638,423 company shares. In a previous transaction on Jan 25 ’24, Lillie Brian sold 139,701 shares at 1.62 per share. RXT shares that EVP, President Private Cloud owns now total 1,608,258.
Among the insiders who sold shares, Marino Mark A. disposed of 12,316 shares on Jan 25 ’24 at a per-share price of $1.62. This resulted in the Chief Financial Officer holding 248,101 shares of RXT after the transaction. In another insider transaction, Koushik Srini sold 9,782 shares at $1.74 per share on Dec 18 ’23. Company shares held by the Chief Technology Officer now total 793,367.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, RXT has a high of $3.10 and a low of $1.05.
As of this writing, RXT has an earnings estimate of -$0.13 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.13 per share and a lower estimate of -$0.14. The company reported an EPS of -$0.04 in the last quarter, which was 20.00% higher than expectations of -$0.05.
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 -$0.71, 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.
