At the time of writing, Rackspace Technology Inc [RXT] stock is trading at $2.57, up 5.33%. An important factor to consider is whether the stock is rising or falling in short-term value. The RXT shares have gain 6.20% over the last week, with a monthly amount glided 11.26%, and 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.
For the past year, the stock price of Rackspace Technology Inc fluctuated between $1.15 and $3.18. Currently, Wall Street analysts expect the stock to reach $3.08 within the next 12 months. Rackspace Technology Inc [NASDAQ: RXT] shares were valued at $2.57 at the most recent close of the market. An investor can expect a potential return of 19.84% based on the average RXT price forecast.
Analyzing the RXT fundamentals
According to Rackspace Technology Inc [NASDAQ:RXT], the company’s sales were 2.83B for trailing twelve months, which represents an -8.23% plunge. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at -0.13%, Pretax Profit Margin comes in at -0.3%, and Net Profit Margin reading is -0.29%. To continue investigating profitability, this company’s Return on Assets is posted at -0.24, Equity is 1.73 and Total Capital is -0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-3.96.
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 2.45 points at the first support level, and at 2.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.65, and for the 2nd resistance point, it is at 2.72.
Ratios To Look Out For
It is important to note that Rackspace Technology Inc [NASDAQ:RXT] has a current ratio of 0.90. On the other hand, the Quick Ratio is 0.90, and the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 0.21.
Transactions by insiders
Recent insider trading involved Maletira Amar, Chief Executive Officer, that happened on Aug 21 ’24 when 52206.0 shares were sold. Chief Technology Officer, Koushik Srini completed a deal on Aug 20 ’24 to sell 7740.0 shares. Meanwhile, EVP, President, Public Cloud SINHA DHARMENDRA KUMAR sold 0.15 million shares on Jul 25 ’24.
