Rackspace Technology Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $1.64
- Today's High:
- $1.74
- Open Price:
- $1.7
- 52W Low:
- $1.05
- 52W High:
- $6.07
- Prev. Close:
- $1.72
- Volume:
- 1076300
Company Statistics
- Market Cap.:
- $572.11 million
- Book Value:
- 0.148
- Revenue TTM:
- $3.08 billion
- Operating Margin TTM:
- -0.52%
- Gross Profit TTM:
- $867.80 million
- Profit Margin:
- -44.32%
- Return on Assets TTM:
- -0.18%
- Return on Equity TTM:
- -205.2%
Company Profile
Rackspace Technology Inc had its IPO on 2020-08-05 under the ticker symbol RXT.
The company operates in the Technology sector and Software-Infrastructure industry. Rackspace Technology Inc has a staff strength of 6,800 employees.
Stock update
Shares of Rackspace Technology Inc opened at $1.7 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $1.64 - $1.74, and closed at $1.69.
This is a -1.74% slip from the previous day's closing price.
A total volume of 1,076,300 shares were traded at the close of the day’s session.
In the last one week, shares of Rackspace Technology Inc have slipped by -36.23%.
Rackspace Technology Inc's Key Ratios
Rackspace Technology Inc has a market cap of $572.11 million, indicating a price to book ratio of 0.8283 and a price to sales ratio of 0.2123.
In the last 12-months Rackspace Technology Inc’s revenue was $3.08 billion with a gross profit of $867.80 million and an EBITDA of $364.50 million. The EBITDA ratio measures Rackspace Technology Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Rackspace Technology Inc’s operating margin was -0.52% while its return on assets stood at -0.18% with a return of equity of -205.2%.
In Q2, Rackspace Technology Inc’s quarterly earnings growth was a positive 0% while revenue growth was a negative 3.4%.
Rackspace Technology Inc’s PE and PEG Ratio
- Forward PE
- 38.61
- Trailing PE
- 0
- PEG
- 3.8583
Its diluted EPS in the last 12-months stands at $-7.05 per share while it has a forward price to earnings multiple of 38.61 and a PEG multiple of 3.8583. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Rackspace Technology Inc’s profitability.
Rackspace Technology Inc stock is trading at a EV to sales ratio of 1.3926 and a EV to EBITDA ratio of -123.1407. Its price to sales ratio in the trailing 12-months stood at 0.2123.
Rackspace Technology Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $4.66 billion
- Total Liabilities
- $776.30 million
- Operating Cash Flow
- $-23200000.00
- Capital Expenditure
- $23.40 million
- Dividend Payout Ratio
- 0%
Rackspace Technology Inc ended 2024 with $4.66 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $4.66 billion while shareholder equity stood at $31.90 million.
Rackspace Technology Inc ended 2024 with $113.00 million in deferred long-term liabilities, $776.30 million in other current liabilities, 2200000.00 in common stock, $-2625600000.00 in retained earnings and $1.62 billion in goodwill. Its cash balance stood at $159.90 million and cash and short-term investments were $159.90 million. The company’s total short-term debt was $175,400,000 while long-term debt stood at $3.17 billion.
Rackspace Technology Inc’s total current assets stands at $913.50 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $543.80 million compared to accounts payable of $397.00 million and inventory worth $90.00 million.
In 2024, Rackspace Technology Inc's operating cash flow was $-23200000.00 while its capital expenditure stood at $23.40 million.
Comparatively, Rackspace Technology Inc paid $0 in dividends in 2024.
Other key metrics
- Current Trading Price
- $1.69
- 52-Week High
- $6.07
- 52-Week Low
- $1.05
- Analyst Target Price
- $2.14
Rackspace Technology Inc stock is currently trading at $1.69 per share. It touched a 52-week high of $6.07 and a 52-week low of $6.07. Analysts tracking the stock have a 12-month average target price of $2.14.
Its 50-day moving average was $2.35 and 200-day moving average was $2.36 The short ratio stood at 3.65 indicating a short percent outstanding of 0%.
Around 463.2% of the company’s stock are held by insiders while 9537.7% are held by institutions.
Frequently Asked Questions About Rackspace Technology Inc
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About
Rackspace Technology, Inc. operates as a multi cloud technology services company the Americas, Europe, the Middle East, Africa, and The Asia-Pacific region. It operates through two segments, Multicloud Services and Apps & Cross Platform. The Multicloud Services segment provides public and private cloud managed services, which allow customers to determine, manage, and optimize the right infrastructure, platforms, and services; and professional services related to designing and building multi cloud solutions and cloud-native applications. The Apps & Cross Platform segment includes managed applications; 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. was founded in 1998 and is headquartered in San Antonio, Texas.