Rackspace Technology Inc. (NASDAQ:RXT) went up by 0.56% from its latest closing price compared to the recent 1-year high of $22.75. The company’s stock price has collected -4.01% of loss in the last five trading sessions. Press Release reported 21 hours ago that Press Release: Rackspace Technology Manages Basware Cloud Transformation with AWS Public Cloud Migration
Is It Worth Investing in Rackspace Technology Inc. (NASDAQ :RXT) Right Now?
Opinions of the stock are interesting as 9 analysts out of 9 who provided ratings for Rackspace Technology Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $27.44, which is $11.53 above the current price. RXT currently public float of 198.04M and currently shorts hold a 3.31% ratio of that float. Today, the average trading volume of RXT was 2.98M shares.
RXT’s Market Performance
The volatility ratio for the week stands at 3.58% while the volatility levels for the past 30 days are set at 3.78% for Rackspace Technology Inc.. The simple moving average for the period of the last 20 days is -9.63% for RXT stocks with a simple moving average of -11.00% for the last 200 days.
Analysts’ Opinion of RXT
Many brokerage firms have already submitted their reports for RXT stocks, with RBC Capital Mkts repeating the rating for RXT by listing it as a “Outperform.” The predicted price for RXT in the upcoming period, according to RBC Capital Mkts is $29 based on the research report published on August 31st of the current year 2020.
JP Morgan, on the other hand, stated in their research note that they expect to see RXT reach a price target of $28. The rating they have provided for RXT stocks is “Overweight” according to the report published on August 31st, 2020.
Goldman gave a rating of “Buy” to RXT, setting the target price at $44 in the report published on August 31st of the current year.
RXT Trading at -12.64% from the 50-Day Moving Average
After a stumble in the market that brought RXT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.05% of loss for the given period.
Volatility was left at 3.78%, however, over the last 30 days, the volatility rate increased by 3.58%, as shares sank -16.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.56% lower at present.
During the last 5 trading sessions, RXT fell by -4.01%, in comparison to the 20-day moving average, which settled at $17.70. In addition, Rackspace Technology Inc. saw -1.53% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for RXT
Current profitability levels for the company are sitting at:
- +4.93 for the present operating margin
- +41.47 for the gross margin
The net margin for Rackspace Technology Inc. stands at -4.20. The total capital return value is set at 2.28, while invested capital returns managed to touch -1.99.
Based on Rackspace Technology Inc. (RXT), the company’s capital structure generated 491.21 points at debt to equity in total, while total debt to capital is 83.09. Total debt to assets is 70.39, with long-term debt to equity ratio resting at 475.70. Finally, the long-term debt to capital ratio is 80.46.
The receivables turnover for the company is 7.79 and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.81.
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