How to buy Rackspace Technology stock

Rackspace Technology, Inc is a software-infrastructure business based in the US. Rackspace Technology shares (RXT) are listed on the NASDAQ and all prices are listed in US Dollars.

How to buy shares in Rackspace Technology

1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
3. Search for Rackspace Technology. Find the stock by name or ticker symbol: RXT. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Rackspace Technology reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Rackspace Technology, depending on your broker.
6. Check in on your investment. Congratulations, you own a part of Rackspace Technology. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Rackspace Technology share price

Use our graph to track the performance of RXT stocks over time.

Rackspace Technology shares at a glance

• Key figures

Information last updated 2021-02-23.

52-week range	USD$15.25 - USD$25.76
50-day moving average	USD$21.245
200-day moving average	USD$18.9532
Wall St. target price	USD$26.88
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	N/A

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Is it a good time to buy Rackspace Technology stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Rackspace Technology, Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Rackspace Technology financials

Revenue TTM	USD$2.7 billion
Operating margin TTM	1.7%
Gross profit TTM	USD$1 billion
Return on assets TTM	0.45%
Return on equity TTM	-21.54%
Profit margin	-9.08%
Book value	N/A
Market capitalisation	USD$4.3 billion

TTM: trailing 12 months

Shorting Rackspace Technology shares

There are currently 5.3 million Rackspace Technology shares held short by investors – that's known as Rackspace Technology's "short interest". This figure is 42.2% down from 9.2 million last month.

There are a few different ways that this level of interest in shorting Rackspace Technology shares can be evaluated.

Rackspace Technology's "short interest ratio" (SIR)

Rackspace Technology's "short interest ratio" (SIR) is the quantity of Rackspace Technology shares currently shorted divided by the average quantity of Rackspace Technology shares traded daily (recently around 1.5 million). Rackspace Technology's SIR currently stands at 3.61. In other words for every 100,000 Rackspace Technology shares traded daily on the market, roughly 3610 shares are currently held short.

However Rackspace Technology's short interest can also be evaluated against the total number of Rackspace Technology shares, or, against the total number of tradable Rackspace Technology shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Rackspace Technology's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Rackspace Technology shares in existence, roughly 30 shares are currently held short) or 0.1116% of the tradable shares (for every 100,000 tradable Rackspace Technology shares, roughly 112 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Rackspace Technology.

Find out more about how you can short Rackspace Technology stock.

Rackspace Technology overview

Rackspace Technology, Inc. operates as a multi cloud technology services company worldwide. It operates through Multicloud Services and Apps & Cross Platform segments. The Multicloud Services segment provides public and private cloud managed services, which allow customers to determine, manage, and optimize the right infrastructure, platforms, and services; and professional services related to designing and building multi cloud solutions and cloud-native applications. The Apps & Cross Platform segment includes managed applications, managed security, and data services, as well as professional services related to designing and implementing application, security, and data services. The company serves automotive, digital agencies, education, energy, financial services, gaming, government, healthcare, manufacturing, media and entertainment, non-profit, retail, and public sectors. Rackspace Technology, Inc. was founded in 1998 and is headquartered in San Antonio, Texas.

Frequently asked questions

• What percentage of Rackspace Technology is owned by insiders or institutions?

  Currently 0.99% of Rackspace Technology shares are held by insiders and 95.689% by institutions.

• When does the fiscal year end for Rackspace Technology?

  Rackspace Technology's fiscal year ends in December.

• Where is Rackspace Technology based?

  Rackspace Technology's address is: 1 Fanatical Place, San Antonio, TX, United States, 78218

• What is Rackspace Technology's ISIN number?

  Rackspace Technology's international securities identification number is: US7501021056