During the last session, Rackspace Technology Inc (NASDAQ:RXT)’s traded shares were 0.51 million, with the beta value of the company hitting 1.86. At the end of the trading day, the stock’s price was $1.75, reflecting an intraday gain of 4.17% or $0.07. The 52-week high for the RXT share is $3.10, that puts it down -77.14 from that peak though still a striking 40.0% gain since the share price plummeted to a 52-week low of $1.05. The company’s market capitalization is $384.56M, and the average trade volume was 1.35 million shares over the past three months.
Rackspace Technology Inc (NASDAQ:RXT) trade information
Rackspace Technology Inc (RXT) registered a 4.17% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.17% in intraday trading to $1.75, hitting a weekly high. The stock’s 5-day price performance is 9.38%, and it has moved by 10.76% in 30 days. Based on these gigs, the overall price performance for the year is 20.69%.
Rackspace Technology Inc (RXT) estimates and forecasts
Statistics show that Rackspace Technology Inc has underperformed its competitors in share price, compared to the industry in which it operates. Rackspace Technology Inc (RXT) shares have gone up 43.44% during the last six months, with a year-to-date growth rate less than the industry average at -153.33% against 19.30. In the rating firms’ projections, revenue will decrease -6.90% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 684.25M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 675.76M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 758.7M and 746.3M respectively. In this case, analysts expect current quarter sales to shrink by -9.80% and then drop by -9.50% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -11.03%. While earnings are projected to return -160.30% in 2024.
RXT Dividends
Rackspace Technology Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
