Rackspace Technology Inc. [RXT] gain 15.25% so far this year. What now?

Rackspace Technology Inc. [NASDAQ: RXT] gained 2.33% on the last trading session, reaching $18.89 price per share at the time.

Rackspace Technology Inc. represents 194.14 million in outstanding shares, while the company has a total market value of $3.67 billion with the latest information. RXT stock price has been found in the range of $18.09 to $19.12.

If compared to the average trading volume of 4.06M shares, RXT reached a trading volume of 2103516 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Rackspace Technology Inc. [RXT]:

RBC Capital Mkts have made an estimate for Rackspace Technology Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on August 31, 2020. While these analysts kept the previous recommendation, JP Morgan raised their target price to Overweight. The new note on the price target was released on August 31, 2020, representing the official price target for Rackspace Technology Inc. stock. Previously, the target price had yet another raise to $44, while Goldman analysts kept a Buy rating on RXT stock.

The Average True Range (ATR) for Rackspace Technology Inc. is set at 1.08, with the Price to Sales ratio for RXT stock in the period of the last 12 months amounting to 1.44.

Trading performance analysis for RXT stock

Rackspace Technology Inc. [RXT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.50.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RXT stock RSI for the last a single of trading hit 55.14, and the three-weeks RSI is set at 55.94 for Rackspace Technology Inc. [RXT], while it was recorded at 18.33 for the last single week of trading.

Rackspace Technology Inc. [RXT]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Rackspace Technology Inc. [RXT] shares currently have an operating margin of +4.93 and a Gross Margin at +41.47. Rackspace Technology Inc.’s Net Margin is presently recorded at -4.20.

Return on Total Capital for RXT is now 2.28, given the latest momentum, and Return on Invested Capital for the company is -1.99. Return on Equity for this stock declined to -11.33, with Return on Assets sitting at -1.65. When it comes to the capital structure of this company, Rackspace Technology Inc. [RXT] has a Total Debt to Total Equity ratio set at 491.21. Additionally, RXT Total Debt to Total Capital is recorded at 83.09, with Total Debt to Total Assets ending up at 70.39. Long-Term Debt to Equity for the company is recorded at 475.70, with the Long-Term Debt to Total Capital now at 80.46.

Receivables Turnover for the company is 7.79 with a Total Asset Turnover recorded at a value of 0.39.Rackspace Technology Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.

Rackspace Technology Inc. [RXT]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RXT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Rackspace Technology Inc. go to 62.48%.

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