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How to buy Rackspace Technology Inc stock (RXT)

Buy Rackspace Technology Inc stock in 5 easy steps, view past price performance and learn what’s ahead for the company.

Rackspace Technology Inc is a software - infrastructure business based in the US. Rackspace Technology Inc shares (RXT) are listed on the NASDAQ and all prices are listed in US Dollars. Rackspace Technology Inc employs 5,800 staff and has a trailing 12-month revenue of around $2.9 billion.

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Rackspace Technology Inc stock price (NASDAQ: RXT)

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

Rackspace Technology Inc shares at a glance

Information last updated 2024-07-21.
Latest market close$2.45
52-week range$1.15 - $3.18
50-day moving average $2.40
200-day moving average $1.85
Wall St. target price$2.24
PE ratio N/A
Dividend yield N/A (0%)
Earnings per share (TTM) $-3.93

Is it a good time to buy Rackspace Technology Inc 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.

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 Inc price performance over time

Historical closes compared with the close of $2.45 from 2024-07-24

1 week (2024-07-19) -1.61%
1 month (2024-06-26) -14.63%
3 months (2024-04-26) 40.00%
6 months (2024-01-26) 38.42%
1 year (2023-07-26) 1.66%
2 years (2022-07-26) -59.23%
3 years (2021-07-26) 18.53
5 years (2019-07-22) N/A

Is Rackspace Technology Inc stock undervalued or overvalued?

Valuing Rackspace Technology Inc stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Rackspace Technology Inc's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Rackspace Technology Inc's PEG ratio

Rackspace Technology Inc's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.8583. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Rackspace Technology Inc's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Rackspace Technology Inc's EBITDA

Rackspace Technology Inc's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $274 million.

The EBITDA is a measure of a Rackspace Technology Inc's overall financial performance and is widely used to measure a its profitability.

Rackspace Technology Inc financials

Revenue TTM $2.9 billion
Gross profit TTM $867.8 million
Return on assets TTM -1.15%
Return on equity TTM -352.76%
Profit margin -29.99%
Book value $-3.52
Market Capitalization $557.4 million

TTM: trailing 12 months

Rackspace Technology Inc share dividends

We're not expecting Rackspace Technology Inc to pay a dividend over the next 12 months.

Have Rackspace Technology Inc's shares ever split?

Rackspace Technology Inc's shares were split on a 1:12 basis on 19 July 2020. So if you had owned 12 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Rackspace Technology Inc shares – just the quantity. However, indirectly, the new 1100% higher share price could have impacted the market appetite for Rackspace Technology Inc shares which in turn could have impacted Rackspace Technology Inc's share price.

Rackspace Technology Inc share price volatility

Over the last 12 months, Rackspace Technology Inc's shares have ranged in value from as little as $1.15 up to $3.1789. A popular way to gauge a stock's volatility is its "beta".

RXT.US volatility(beta: 1.98)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Rackspace Technology Inc's is 1.98. This would suggest that Rackspace Technology Inc's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Rackspace Technology Inc overview

Rackspace Technology, Inc. operates as a multi cloud technology services company in the Americas, Europe, the Middle East, Africa, and The Asia-Pacific region. It operates through three segments: Multicloud Services, Apps & Cross Platform, and OpenStack Public Cloud. The company provides public and private cloud managed services, which allow customers to determine, manage, and optimize the right infrastructure, platforms, and services; professional services related to designing and building multi cloud solutions and cloud-native applications; and managed hosting and colocation services. It also helps customers establish governance, operational, and architectural frameworks to mitigate risks and reduce inefficiencies to manage costs, achieve industry-specific compliance objectives, and enhance security. In addition, the company offers managed applications, including running large-scale SaaS applications for customers on its and public cloud infrastructure; managed security services in the areas of security threat assessment and prevention, threat detection and response, rapid remediation, governance, and risk and compliance assistance across multiple cloud platforms, as well as privacy and data protection services, including detailed access restrictions and reporting; data services; and professional services related to designing and implementing application, security, and data services. Rackspace Technology, Inc.

Frequently asked questions

What percentage of Rackspace Technology Inc is owned by insiders or institutions?
Currently 3.059% of Rackspace Technology Inc shares are held by insiders and 88.432% by institutions.
How many people work for Rackspace Technology Inc?
Latest data suggests 5,800 work at Rackspace Technology Inc.
When does the fiscal year end for Rackspace Technology Inc?
Rackspace Technology Inc's fiscal year ends in December.
Where is Rackspace Technology Inc based?
Rackspace Technology Inc's address is: 1 Fanatical Place, San Antonio, TX, United States, 78218
What is Rackspace Technology Inc's ISIN number?
Rackspace Technology Inc's international securities identification number is: US7501021056

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