A share price of Rackspace Technology Inc [RXT] is currently trading at $1.73, down -2.26%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RXT shares have gain 12.34% over the last week, with a monthly amount drifted -11.28%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Rackspace Technology Inc [NASDAQ: RXT] stock has seen the most recent analyst activity on November 07, 2023, when UBS initiated its Neutral rating and assigned the stock a price target of $1.40. Previously, Raymond James upgraded its rating to Outperform on September 19, 2023, and kept the price target unchanged to $3.50. On July 25, 2023, downgrade downgraded it’s rating to Sell and revised its price target to $1.50 on the stock. Evercore ISI downgraded its rating to a In-line and decreased its price target to $5 on October 11, 2022. JP Morgan downgraded its rating to a Underweight and reduced its price target to $5 on August 16, 2022. RBC Capital Mkts downgraded its rating to Sector Perform for this stock on August 11, 2022, and downed its price target to $7. In a note dated August 10, 2022, William Blair downgraded an Mkt Perform rating on this stock.
Rackspace Technology Inc experienced fluctuations in its stock price throughout the past year between $1.05 and $3.10. Currently, Wall Street analysts expect the stock to reach $3.5 within the next 12 months. Rackspace Technology Inc [NASDAQ: RXT] shares were valued at $1.73 at the most recent close of the market. An investor can expect a potential return of 102.31% based on the average RXT price forecast.
Analyzing the RXT fundamentals
Trailing Twelve Months sales for Rackspace Technology Inc [NASDAQ:RXT] were 2.96B which represents -8.55% decline. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at -0.12%, Pretax Profit Margin comes in at -0.29%, and Net Profit Margin reading is -0.28%. To continue investigating profitability, this company’s Return on Assets is posted at -0.2, Equity is 11.93 and Total Capital is -0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-19.41.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.6933 points at the first support level, and at 1.6567 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.7933, and for the 2nd resistance point, it is at 1.8567.
Rackspace Technology Inc [RXT] reported earnings per share of -$0.03 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.04/share, meaning a difference of $0.01 and a surprise factor of 25.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.04 per share as compared to estimates of -$0.05 per share, a difference of $0.01 representing a surprise of 20.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Rackspace Technology Inc [NASDAQ:RXT] is 0.92. Also, the Quick Ratio is 0.92, while the Cash Ratio stands at 0.25. Considering the valuation of this stock, the price to sales ratio is 0.13.
Transactions by insiders
Recent insider trading involved Maletira Amar, Chief Executive Officer, that happened on Feb 20 ’24 when 37446.0 shares were sold. EVP, President Private Cloud, Lillie Brian completed a deal on Jan 25 ’24 to sell 0.14 million shares. Meanwhile, Chief Financial Officer Marino Mark A. sold 12316.0 shares on Jan 25 ’24.
