Rackspace Technology Inc. (NASDAQ:RXT) does about 5.36M shares in volume on a normal day but saw 11734882 shares change hands in Monday trading. The company now has a market cap of 4.11B USD. Its current market price is $21.35, marking an increase of 10.45% compared to the previous close of $19.33. The 52 week high reached by this stock is $20.10 whilst the lowest price level in 52 weeks is $15.25. The script in recent trading has seen the stock touch a high of $22.06 and a low of $20.35.
Rackspace Technology Inc. (RXT) has the current price is 6.22% off the 52-week high compared with 40.00% distance from its 52-week low. If we look at the stock’s price movements over the week, volatility stands at 5.51%.
9 analysts observing the Rackspace Technology Inc. (RXT) stock have set the 12-month price targets for the company’s shares at between $23.00 and $44.00. The median price target is 17.88% away from the current levels at $26.00.
FactSet Research has provided data showing that 9 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 9 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 31, 2020 when RBC Capital Mkts initiated the stock to “Outperform” and issued a price target of $29. Goldman initiated its price target at $44.
The current price level is 22.51%, 22.51%, and 22.51% away from its SMA20, SMA50, and SMA200 respectively, with the RXT price moving below the 50-day SMA on August 31. Its price is 30.26% year-to-date.
Its 12-month price target is $26.00. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $23.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $44.00.
The company has a return on investment of 2.60%. Price to sales ratio is 1.65.
According to a U.S. Securities and Exchange Commission filing, Bridge Builder Small/Mid Cap Valu has reduced its position in Rackspace Technology Inc. (RXT) to 268,276 shares, mirroring a recent drop by 0.00%. Bridge Builder Small/Mid Cap Valu dumped 0.0 shares of Rackspace Technology Inc. common stock bringing its total worth to about $0.0 at the end of recent close, SEC documents show. Bridge Builder Small/Mid Cap Valu isn’t the only investment manager who changed stakes and is followed by Nationwide Multi Cap Portfolio, which sold off 0.0 shares to end up with 3,558 shares worth $0.0.