Rackspace Technology Stock Price on December 31, 2023
| RXT Stock | USD 2.68 0.10 3.88% |
Below is the normalized historical share price chart for Rackspace Technology extending back to August 05, 2020. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Rackspace Technology stands at 2.68, as last reported on the 26th of November, with the highest price reaching 2.78 and the lowest price hitting 2.60 during the day.
If you're considering investing in Rackspace Stock, it is important to understand the factors that can impact its price. Rackspace Technology appears to be very risky, given 3 months investment horizon. Rackspace Technology maintains Sharpe Ratio (i.e., Efficiency) of 0.0868, which implies the firm had a 0.0868% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Rackspace Technology, which you can use to evaluate the volatility of the company. Please evaluate Rackspace Technology's Risk Adjusted Performance of 0.0665, coefficient of variation of 1316.1, and Semi Deviation of 4.01 to confirm if our risk estimates are consistent with your expectations.
At this time, Rackspace Technology's Liabilities And Stockholders Equity is comparatively stable compared to the past year. Issuance Of Capital Stock is expected to grow at the current pace this year, whereas Common Stock Shares Outstanding is likely to drop slightly above 165.2 M in 2024. . Price To Sales Ratio is likely to drop to 0.14 in 2024. Price Earnings Ratio is likely to drop to -0.54 in 2024. Rackspace Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 5th of August 2020 | 200 Day MA 2.2195 | 50 Day MA 2.5491 | Beta 1.978 |
Rackspace |
Sharpe Ratio = 0.0868
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Estimated Market Risk
| 4.23 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.37 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Rackspace Technology is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Rackspace Technology by adding it to a well-diversified portfolio.
Price Book 0.8119 | Enterprise Value Ebitda (18.94) | Price Sales 0.2119 | Shares Float 74.6 M | Wall Street Target Price 2.8917 |
Rackspace Technology Valuation on December 31, 2023
It is possible to determine the worth of Rackspace Technology on a given historical date. On December 31, 2023 Rackspace was worth 1.99 at the beginning of the trading date compared to the closed value of 2.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Rackspace Technology stock. Still, in general, we apply an absolute valuation method to find Rackspace Technology's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Rackspace Technology where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Rackspace Technology's related companies.
| Open | High | Low | Close | Volume | |
| 1.90 | 2.02 | 1.88 | 1.99 | 1,091,565 | |
12/29/2023 | 1.99 | 2.04 | 1.86 | 2.00 | 1,412,632 |
| 1.96 | 2.09 | 1.87 | 1.89 | 1,280,610 |
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Rackspace Technology Trading Date Momentum on December 31, 2023
| On January 02 2024 Rackspace Technology was traded for 1.89 at the closing time. Highest Rackspace Technology's price during the trading hours was 2.09 and the lowest price during the day was 1.87 . The net volume was 1.3 M. The overall trading history on the 2nd of January contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 5.50% . The trading delta at closing time to current price is 12.00% . |
Rackspace Technology Fundamentals Correlations and Trends
By evaluating Rackspace Technology's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Rackspace Technology's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Rackspace financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Rackspace Technology Stock history
Rackspace Technology investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Rackspace is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Rackspace Technology will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Rackspace Technology stock prices may prove useful in developing a viable investing in Rackspace Technology
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 215.3 M | 165.2 M | |
| Net Loss | -724.3 M | -688.1 M |
Rackspace Technology Stock Technical Analysis
Rackspace Technology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Rackspace Technology Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Rackspace Technology cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Rackspace Technology November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Rackspace Technology stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Rackspace Technology shares will generate the highest return on investment. By undertsting and applying Rackspace Technology stock market strength indicators, traders can identify Rackspace Technology entry and exit signals to maximize returns
Rackspace Technology Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Rackspace Technology's price direction in advance. Along with the technical and fundamental analysis of Rackspace Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Rackspace to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0665 | |||
| Jensen Alpha | 0.0562 | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | 0.0443 | |||
| Treynor Ratio | 0.1469 |
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Additional Tools for Rackspace Stock Analysis
When running Rackspace Technology's price analysis, check to measure Rackspace Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Rackspace Technology is operating at the current time. Most of Rackspace Technology's value examination focuses on studying past and present price action to predict the probability of Rackspace Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rackspace Technology's price. Additionally, you may evaluate how the addition of Rackspace Technology to your portfolios can decrease your overall portfolio volatility.