A share price of Rackspace Technology Inc [RXT] is currently trading at $2.67, up 1.52%. An important factor to consider is whether the stock is rising or falling in short-term value. The RXT shares have gain 12.66% over the last week, with a monthly amount glided 20.81%, and seem to be holding up well over a long-time horizon.
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 $1.45 and $3.41. 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 $2.67 at the most recent close of the market. An investor can expect a potential return of 31.09% based on the average RXT price forecast.
Analyzing the RXT fundamentals
Trailing Twelve Months sales for Rackspace Technology Inc [NASDAQ:RXT] were 2.77B which represents -7.73% decline. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at -0.11%, Pretax Profit Margin comes in at -0.28%, and Net Profit Margin reading is -0.28%. To continue investigating profitability, this company’s Return on Assets is posted at -0.25, Equity is 1.17 and Total Capital is -0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -3.49.
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 2.49 points at the first support level, and at 2.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.78, and for the 2nd resistance point, it is at 2.89.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Rackspace Technology Inc [NASDAQ:RXT] is 0.84. On the other hand, the Quick Ratio is 0.84, and the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 0.22.
Transactions by insiders
Recent insider trading involved Marino Mark A., Chief Financial Officer, that happened on Jan 27 ’25 when 14458.0 shares were sold. Director, Roberts Anthony C. completed a deal on Dec 06 ’24 to buy 19455.0 shares. Meanwhile, President, Technology Koushik Srini sold 8028.0 shares on Dec 03 ’24.
