Rackspace Technology Inc (NASDAQ:RXT) has a beta value of 2.06 and has seen 1.05 million shares traded in the recent trading session. The company, currently valued at $348.96M, closed the recent trade at $1.47 per share which meant it gained $0.08 on the day or 5.76% during that session. The RXT stock price is -131.97% off its 52-week high price of $3.41 and 31.97% above the 52-week low of $1.00. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.14 million shares traded. The 3-month trading volume is 998.51K shares.
The consensus among analysts is that Rackspace Technology Inc (RXT) is Buy stock at the moment, with a recommendation rating of 3.40. 3 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 8 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.05.
Rackspace Technology Inc (NASDAQ:RXT) trade information
Sporting 5.76% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the RXT stock price touched $1.47 or saw a rise of 4.23%. Year-to-date, Rackspace Technology Inc shares have moved -46.35%, while the 5-day performance has seen it change 9.70%. Over the past 30 days, the shares of Rackspace Technology Inc (NASDAQ:RXT) have changed 2.80%. Short interest in the company has seen 5.61 million shares shorted with days to cover at 5.03.
Wall Street analysts have a consensus price target for the stock at $3.25, which means that the shares’ value could jump 54.77% from the levels at last check today.. The projected low price target is $1.8 while the price target rests at a high of $5.0. In that case, then, we find that the latest price level in today’s session is -240.14% off the targeted high while a plunge would see the stock gain -22.45% from the levels at last check today..
Rackspace Technology Inc (RXT) estimates and forecasts
The company’s shares have lost -37.71% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -2.50%.
3 analysts offering their estimates for the company have set an average revenue estimate of 658.86M for the current quarter. 3 have an estimated revenue figure of 666.92M for the next ending quarter. Year-ago sales stood 684.9M and 675.8M respectively for this quarter and the next, and analysts expect sales will shrink by -3.80% for the current quarter and -2.50% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -50.09% over the past 5 years.
RXT Dividends
Rackspace Technology Inc is expected to release its next earnings report on 2025-May-08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Rackspace Technology Inc (NASDAQ:RXT)’s Major holders
Insiders own 3.81% of the company shares, while shares held by institutions stand at 80.50% with a share float percentage of 83.69%. Investors are also buoyed by the number of investors in a company, with Rackspace Technology Inc having a total of 148.0 institutions that hold shares in the company. The top two institutional holders are APOLLO MANAGEMENT HOLDINGS, L.P. with over 129.61 million shares worth more than $386.23 million. As of 2024-06-30, APOLLO MANAGEMENT HOLDINGS, L.P. held 57.7323% of shares outstanding.
The other major institutional holder is LEGAL & GENERAL GROUP PLC, with the holding of over 7.85 million shares as of 2024-06-30. The firm’s total holdings are worth over $23.39 million and represent 3.4965% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF . As of Mar 31, 2025 , the former fund manager holds about 0.91% shares in the company for having 2.15 shares of worth $3.2 million while later fund manager owns 1.8 shares of worth $2.67 million as of May 31, 2025 , which makes it owner of about 0.76% of company’s outstanding stock.
