In last trading session, Rackspace Technology Inc (NASDAQ:RXT) saw 0.75 million shares changing hands with its beta currently measuring 1.84. Company’s recent per share price level of $1.83 trading at $0.09 or 4.89% at ring of the bell on the day assigns it a market valuation of $401.04M. That closing price of RXT’s stock is at a discount of -69.4% from its 52-week high price of $3.10 and is indicating a premium of 42.62% from its 52-week low price of $1.05. Taking a look at company’s average trading volume volume of 1.34 million if we extend that period to 3-months.
Rackspace Technology Inc (NASDAQ:RXT) trade information
Upright in the green during last session for gaining 4.89%, in the last five days RXT remained trading in the green while hitting it’s week-highest on Friday, 05/03/24 when the stock touched $1.83 price level, adding 2.14% to its value on the day. Rackspace Technology Inc’s shares saw a change of -8.75% in year-to-date performance and have moved 4.29% in past 5-day. Rackspace Technology Inc (NASDAQ:RXT) showed a performance of -0.82% in past 30-days.
Rackspace Technology Inc (RXT) estimates and forecasts
Statistics highlight that Rackspace Technology Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 48.37% of value to its shares in past 6 months, showing an annual growth rate of -153.33% while that of industry is 19.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -11.03% during past 5 years.
RXT Dividends
Rackspace Technology Inc is more likely to be releasing its next quarterly report between May 07 and May 13 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
