What Rackspace Technology Investors Are Talking About Today.

By Naomi Wentworth • Monday, January 16 12:03 • Permanent Link

Rackspace Technology logged a 4.8% change during today's afternoon session, and is now trading at a price of $2.82 per share. The S&P 500 index moved 0.4%. RXT's trading volume is 1,997,983 compared to the stock's average volume of 2,209,861.

Rackspace Technology trades -43.6% away from its average analyst target price of $5 per share. The 7 analysts following the stock have set target prices ranging from $2 to $8, and on average have given Rackspace Technology a rating of hold.

If you are considering an investment in RXT, you'll want to know the following:

Rackspace Technology has moved -78.3% over the last year, and the S&P 500 logged a change of -12.6%
Based on its trailing earnings per share of -0.92, Rackspace Technology has a trailing 12 month Price to Earnings (P/E) ratio of -3.1 while the S&P 500 average is 15.97
RXT has a forward P/E ratio of 31.3 based on its forward 12 month price to earnings (EPS) of $0.09 per share
The company has a price to earnings growth (PEG) ratio of 0.52 — a number near or below 1 signifying that Rackspace Technology is fairly valued compared to its estimated growth potential
Its Price to Book (P/B) ratio is 0.7 compared to its sector average of 5.57
Rackspace Technology, Inc. operates as a multi cloud technology services company worldwide.
Based in San Antonio, the company has 6,600 full time employees and a market cap of $595,330,176.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.