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.
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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. The current market capitalization of Rackspace Technology Inc is $363.57M. A total of 0.56 million shares were traded on the day, compared to an average of 1.39M 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.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, RXT has a high of $3.10 and a low of $1.05.
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. 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
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, 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.
