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Rackspace Technology (RXT)
NASDAQ:RXT
Rackspace Technology (RXT) Stock Price & Analysis
1,002 Followers
RXT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$1.15 - $3.10
Previous Close$1.96
Volume1.15M
Average Volume (3M)1.28M
Market Cap
$438.75M
Enterprise Value$3.61B
Total Cash (Recent Filing)$196.80M
Total Debt (Recent Filing)$3.37B
Price to Earnings (P/E)―
Beta2.66
Next Earnings
Aug 06, 2024EPS Estimate
-$0.11Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-3.96
Shares Outstanding223,850,547
10 Day Avg. Volume764,532
30 Day Avg. Volume1,284,380
Standard Deviation0.22
R-Squared0.17
Alpha-0.05
Financial Highlights & Ratios
Price to Book (P/B)-0.16
Price to Sales (P/S)0.61
Price to Cash Flow (P/CF)1.40
P/FCF Ratio1.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.22
Enterprise Value/Gross Profit5.74
Enterprise Value/Ebitda-35.07
Forecast
1Y Price Target
$2.22Price Target Upside13.27% Upside
Rating ConsensusHold
Number of Analyst Covering6
Rackspace Technology News
Bulls Say, Bears Say
Bulls Say
Revenue StabilitySolid bookings execution in Private Cloud could lead to more stable sequential revenues.
Sales ImprovementImprovements in the sales organization for Public Cloud services should aid performance.
Stock ValuationAnalyst maintains a Market Perform rating but raises the target price based on future earnings potential.
Bears Say
Financial PerformanceRackspace results continued to be pressured by a weak services environment combined with an internal transformation.
Profit OutlookOperating profit is expected to decline and the outlook for the near future suggests another challenging growth and profit year.
Revenue GuidanceRXT guided to total revenue decline of about 10% for the March Q, below expectations.
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Ownership Overview
18.67% Insiders
4.31% Mutual Funds
67.78% Other Institutional Investors
9.24% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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RXT FAQ
What was Rackspace Technology’s price range in the past 12 months?
Rackspace Technology lowest stock price was $1.15 and its highest was $3.10 in the past 12 months.
What is Rackspace Technology’s market cap?
Currently, no data Available
When is Rackspace Technology’s upcoming earnings report date?
Rackspace Technology’s upcoming earnings report date is Aug 06, 2024 which is in 65 days.
How were Rackspace Technology’s earnings last quarter?
Rackspace Technology released its earnings results on May 09, 2024. The company reported -$0.11 earnings per share for the quarter, beating the consensus estimate of -$0.133 by $0.023.
Is Rackspace Technology overvalued?
According to Wall Street analysts Rackspace Technology’s price is currently Undervalued.
Does Rackspace Technology pay dividends?
Rackspace Technology does not currently pay dividends.
What is Rackspace Technology’s EPS estimate?
Rackspace Technology’s EPS estimate is -$0.11.
How many shares outstanding does Rackspace Technology have?
Rackspace Technology has 223,850,540 shares outstanding.
What happened to Rackspace Technology’s price movement after its last earnings report?
Rackspace Technology reported an EPS of -$0.11 in its last earnings report, beating expectations of -$0.133. Following the earnings report the stock price went up 0.51%.
Which hedge fund is a major shareholder of Rackspace Technology?
Among the largest hedge funds holding Rackspace Technology’s share is Aristeia Capital LLC. It holds Rackspace Technology’s shares valued at N/A.
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Rackspace Technology Stock Smart Score
Neutral
1
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7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$2.22 (13.27% Upside)
$2.22 (13.27% Upside)
Blogger Sentiment
Neutral
RXT Sentiment 50%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 82.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▼ 0.2%
Last 30 Days ▲ 3.3%
Last 30 Days ▲ 3.3%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
25.64%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
-26.05%
Trailing 12-Months
Company Description
Rackspace Technology
Rackspace Technology Inc is an end-to-end multicloud technology services company. It designs, builds and operates its customers' cloud environments across all technology platforms, irrespective of technology stack or deployment model. The company's solutions include Application Services; Data; Colocation; Managed Cloud; Managed Hosting; Professional Services; and Security & Compliance. It operates in three reportable segments Multicloud Services; Apps & Cross Platform; and OpenStack Public Cloud. It generates revenue through the sale of consumption-based contracts for its services offerings and from the sale of professional services related to designing and building customer solution.
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RXT Company Deck
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RXT Earnings Call
Q1 2024
0:00 / 0:00
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RXT Stock 12 Month Forecast
Average Price Target
$2.22
▲(13.27% Upside)
Technical Analysis
Best Analysts Covering RXT
1 Year
1 Year Success Rate
6/12 ratings generated profit
1 Year Average Return
-8.64%
reiterated a sell rating 13 days ago
Copying Ramsey El Assal's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of -8.64% per trade.
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